Wrap Text
Tembo Capital extends term of Loan Facility advanced for the Prieska Copper-Zinc Project
Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1
Tembo Capital extends term of Loan Facility advanced for the Prieska
Copper-Zinc Project
Private equity group Tembo Capital extends the term of the $3.6 million Loan Facility, confirming
its continued support of Orion.
Loan Facility repayment date extended to 30 June 2021.
Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce that mining-
focused, private equity group Tembo Capital Mining Fund II LP (Tembo Capital), has confirmed its
continued support of Orion through an extension to the term of the $3.6 million Loan Facility from
31 October 2020 to 30 June 2021.
On 25 January 2019, Orion announced that a $3.6 million unsecured convertible loan facility had been
agreed with Tembo Capital (Loan Facility).
Under the terms of the Loan Facility, Tembo Capital may elect for repayment of the balance of the Loan
Facility (including capitalised interest and fees) (Outstanding Amount) to be satisfied by the issue of fully
paid ordinary shares (Shares) by Orion to Tembo Capital at a deemed issue price of $0.026 per Share
(subject to shareholder and Foreign Investment Review Board approvals). The Outstanding Amount must
be repaid by 30 June 2021 (previously 31 October 2020), or if Tembo Capital elects to receive Shares in
repayment of the Outstanding Amount in lieu of payment in cash, the date on which the Shares are to be
issued to Tembo Capital (or such later date as may be agreed between Tembo Capital and Orion) (refer
ASX release 25 January 2019).
As at 30 September 2020, the balance of the Loan Facility was $4.7 million (including capitalised interest
and fees).
For and on behalf of the Board.
Errol Smart
Managing Director and CEO
29 October 2020
ENQUIRIES
Investors Media JSE Sponsor
Errol Smart – Managing Director & CEO Nicholas Read Monique Martinez
Denis Waddell – Chairman Read Corporate, Australia Merchantec Capital
T: +61 (0) 3 8080 7170 T: +61 (0) 419 929 046 T: +27 (0) 11 325 6363
E: info@orionminerals.com.au E: nicholas@readcorporate.com.au E: monique@merchantec.co.za
Disclaimer
This release may include forward-looking statements. Such forward-looking statements may include, among other things,
statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs
and results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates,
and are or may be based on assumptions and estimates related to future technical, economic, market, political, social
and other conditions. These forward-looking statements are based on management’s expectations and beliefs
concerning future events. Forward-looking statements inherently involve subjective judgement and analysis and are
necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Orion. Actual results
and developments may vary materially from those expressed in this release. Given these uncertainties, readers are
cautioned not to place undue reliance on such forward-looking statements. Orion makes no undertaking to
subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances
after the date of this release. All information in respect of Exploration Results and other technical information should be
read in conjunction with Competent Person Statements in this release (where applicable). To the maximum extent
permitted by law, Orion and any of its related bodies corporate and affiliates and their officers, employees, agents,
associates and advisers:
• disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any
change in expectations or assumptions;
• do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness
of the information in this release, or likelihood of fulfilment of any forward-looking statement or any event or results
expressed or implied in any forward-looking statement; and
• disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for
negligence).
2
Date: 29-10-2020 07:46:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
