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ORION MINERALS LIMITED - Appendix 3B: Proposed Issue of Securities

Release Date: 07/08/2020 08:58
Code(s): ORN     PDF:  
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Appendix 3B: Proposed Issue of Securities

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
(“Orion” or “the Company”)


Appendix 3B: Proposed Issue of Securities


Announcement Summary

    Entity name
    ORION MINERALS LTD

    Announcement Type
    New announcement

    Date of this announcement
    Friday August 7, 2020

    The Proposed issue is:
    A placement or other type of issue


    Total number of +securities proposed to be issued for a placement or other type of issue

    ASX +security code                    +Security description                Maximum Number of
                                                                               +securities to be issued

    ORN                                   ORDINARY FULLY PAID                  19,100,725




    Proposed +issue date
    Wednesday September 30, 2020


    Refer to next page for full details of the announcement



Part 1 – Entity and announcement details


    1.1 Name of +Entity
    ORION MINERALS LTD

    We (the entity named above) give ASX the following information about a proposed issue of +securities and,
    if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we
    agree to the matters set out in Appendix 3B of the ASX Listing Rules.


    1.2 Registered Number Type                             Registration Number
    ACN                                                    098939274

    1.3 ASX issuer code
    ORN

    1.4 The announcement is
    New announcement

    1.5 Date of this announcement
    Friday August 7, 2020

    1.6 The Proposed issue is:
    A placement or other type of issue



Part 7 – Details of proposed placement or other issue


Part 7A – Conditions


    7A.1 - Are any of the following approvals required for the placement or other type of issue?
     - +Security holder approval
     - Court approval
     - Lodgement of court order with +ASIC
     - ACCC approval
     - FIRB approval
     - Another approval/condition external to the entity
    Yes

    7A.1a Conditions

    Approval/Condition        Date for determination             Is the date estimated or   ** Approval
                                                                 actual?                    received/condition met?
    +Security holder approval Wednesday September 30,            Estimated
                              2020


    Comments




    Approval/Condition          Date for determination           Is the date estimated or   ** Approval
                                                                 actual?                    received/condition met?
    FIRB approval               Thursday August 20, 2020         Estimated


    Comments




Part 7B – Issue details

    Is the proposed security a 'New class' (+securities in a       Will the proposed issue of this +security include an
    class that is not yet quoted or recorded by ASX) or an         offer of attaching +securities?
    'Existing class' (additional securities in a class that is     No
    already quoted or recorded by ASX)?
    Existing class

Details of +securities proposed to be issued

    ASX +security code and description
    ORN : ORDINARY FULLY PAID

    Number of +securities proposed to be issued
    19,100,725
    Offer price details

    Are the +securities proposed to be issued being issued for a cash consideration?
    Yes

     In what currency is the cash consideration being         What is the issue price per +security?
     paid?
     AUD - Australian Dollar                                  AUD 0.01700


    Will these +securities rank equally in all respects from their issue date with the existing issued +securities in
    that class?
    Yes



Part 7C – Timetable


    7C.1 Proposed +issue date
    Wednesday September 30, 2020


Part 7D – Listing Rule requirements


    7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing
    rule 7.1?
    Yes

    7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
    Wednesday September 30, 2020

    7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
    Yes

    7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
    No

    7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
    No


Part 7E – Fees and expenses


    7E.1 Will there be a lead manager or broker to the proposed issue?
    No

    7E.2 Is the proposed issue to be underwritten?
    No

    7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed
    issue


Part 7F – Further Information

    7F.01 The purpose(s) for which the entity is issuing the securities
    Progress the development the Company's Prieska Copper-Zinc Mine, Northern Cape, South Africa and
    related activities and for additional working capital.


    7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
    No

    7F.2 Any other information the entity wishes to provide about the proposed issue

Date: 07-08-2020 08:58:00
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