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Orion Lists on the Johannesburg Stock Exchange
Orion Minerals NL
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1
(“Orion” or “the Company”)
ORION LISTS ON THE JOHANNESBURG STOCK EXCHANGE
- Orion’s secondary listing of its Shares on the Main Board of the Johannesburg Stock Exchange
commenced on Monday 18 September 2017.
- The secondary listing is anticipated to add further momentum to Orion’s base metal development strategy
in South Africa, and provide an additional market through which the funding of its South African projects
may be facilitated from within South Africa.
- The secondary listing will also allow greater South African investor participation in Orion.
- Orion’s primary listing will remain on the ASX.
Orion Minerals NL (ASX: ORN) (Orion or the Company) is pleased to advise that the secondary listing of its
fully paid ordinary shares (Shares) on the Main Board of the Johannesburg Stock Exchange (JSE),
commenced on the JSE at 9:00 a.m. South African time (5:00 p.m. Melbourne time) on Monday
18 September 2017.
The JSE listing is consistent with Orion’s strategy of engaging South African capital markets in the funding
strategy of the Prieska Zinc-Copper Project (Prieska Project). The ability to access South Africa’s large
parastatal banks and funds, which are captive within South Africa due to South African Exchange Control
restrictions, is expected to significantly increase funding options for Orion.
The JSE listing has the additional benefits of:
- providing an accessible market in Orion Shares for South African investors, thus increasing domestic
ownership whilst aligning interests with foreign Investors;
- allowing Orion to market itself and raise its profile in South Africa, thereby providing Orion with better
access to South African institutions and to capitalise on funds that are locked within South Africa’s borders
due to South African Exchange Control restrictions;
- providing opportunities for South African State Owned Entities to invest in the Prieska Project;
- focussing the attention of potential South African investors on the merits of investing in Orion, thereby
helping to enlarge the potential investor pool for the Company and over time improve the liquidity and
marketability of Orion Shares;
- allowing the possibility of Orion using its JSE-listed shares to make project acquisitions through non-cash
scrip settlements listed on the JSE that would otherwise be precluded due to South African Exchange
Control restrictions; and
- adding further momentum to Orion’s base metal development strategy in South Africa.
Orion’s secondary listing of its Shares is in the “Gold Mining” sector, under the abbreviated name “ORIONMIN”,
JSE share code “ORN” and ISIN “AU000000ORN1”.
Orion’s primary listing will remain on the ASX and the Company will continue to be regulated by the Australian
Securities and Investments Commission (ASIC). Non-South African shareholders will be able to freely transfer
their Shares between the exchanges for trading and all proceeds will be able to be freely remitted to source.
About the JSE
Key Facts (as at June 2017) (source JSE):
- Market capitalisation: R13.64 trillion (approximately A$1.4 trillion). The JSE is currently ranked the 19th
largest stock exchange in the world by market capitalisation and the largest exchange on the African
continent;
- Number of companies listed: 386;
- Foreign-domiciled companies: 75; and
- In the World Economic Forum Global Competitiveness Report:
- SA Ranked 1: Strength of auditing and reporting standards, protection of minority shareholders’
rights, and financing through the local equity market;
- SA Ranked 2: Financial services meeting business needs and soundness of banks; and
- SA Ranked 3: Efficiency of corporate boards and regulation of securities.
Errol Smart
Managing Director and CEO
ENQUIRIES
Investors JSE Sponsor
Errol Smart – MD & CEO Rick Irving
Denis Waddell – Chairman Merchantec Capital
T: +61 (0) 3 8080 7170 T: +27 (0) 11 325 6363
E: info@orionminerals.com.au E: rick@merchantec.co.za
Media
Michael Vaughan Emily Fenton
Fivemark Partners, Australia Tavistock, UK
T: +61 (0) 422 602 720 T: +44 (0) 207 920 3150
E: michael.vaughan@fivemark.com.au E: orion@tavistock.co.uk
Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000
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. 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).
Date: 19/09/2017 08:00:00 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.
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