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Extension of Share Purchase Plan Closing Date
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
Extension of Share Purchase Plan Closing Date
Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) announced on 22 June 2022 that it is undertaking a
capital raising to underpin the next phase of development of its portfolio of advanced base metal assets in South
Africa’s Northern Cape Province.
The capital raising is being conducted via a three-tranche placement to sophisticated and professional investors,
Orion non-executive Director Tom Borman and Orion Chairman Denis Waddell (Placement) and comprises the issue
of up to 1,000 million ordinary shares (Share) at an issue price of 2.0 cents (or ZAR22 cents) per Share and, in respect
of the first two tranches, the issue of up to 151 million free attaching options (exercise price of 2.5 cents (being ZAR27.5
cents) and an expiry date of 30 June 2023).
Thanks to the support of existing and new investors, Orion has received firm commitments for the first two tranches
(~$6 million) of the Placement targeting up to $20 million at an issue price of 2.0 cents (being ZAR22 cents) per Share.
Discussions with potential participants in Tranche 3 are continuing.
Orion also announced on 22 June 2022, that it is undertaking a share purchase plan (SPP), providing shareholders an
opportunity to increase their shareholding in Orion. The full terms and conditions of the SPP offer were included in the
SPP booklet announced to the ASX and JSE when the SPP offer opened on 28 June 2022.
Orion is offering its shareholders with a registered address in Australia, South Africa, New Zealand, the European Union
(Germany and Netherlands), Jersey (Channel Islands), Mauritius, Seychelles, Singapore and the United Kingdom as at
the Record Date (Eligible Shareholders) the opportunity to Shares under a SPP.
Orion wishes to advise that the closing date of the offer under the SPP has been extended by one week to 12 August
2022, from the original closing date of 5 August 2022. The extension will ensure that all Eligible Shareholders have
additional time to participate in the SPP offer.
Under the SPP, each Eligible Shareholder is entitled to apply for parcels of new Shares from a minimum parcel of $2,000
(or ZAR20,000) up to a maximum of $30,000 (approximately ZAR330,000) without incurring brokerage or transaction
costs. The issue price will be 2.0 cents per Share (being ZAR22 cents). Eligible Shareholders that have already applied
for SPP shares under the SPP offer are not required to resubmit their application form unless they wish to apply for
additional Shares up to a maximum amount of $30,000 (approximately ZAR330,000) as referred to in the SPP booklet.
No other changes have been made to the terms and conditions of the SPP as set out in the SPP booklet dated 28
June 2022. Eligible Shareholders should read the SPP booklet before deciding whether to participate in the SPP.
Key dates of the revised SPP timetable are set out below:
Timetable1
Record Date 7:00pm (Melbourne time) on 21 June 2022
Share Purchase Plan offer opened 28 June 2022
Share Purchase Plan offer closes 7:00pm (Melbourne time) and 10:00am
(South African time) on 12 August 2022
Share Purchase Plan allocation announcement and Scale-back (if any) 19 August 2022
Issue Date 19 August 2022
Quotation of New Shares 22 August 2022
Dispatch of holding statements (ASX) 22 August 2022
1 Orion may vary any of the above dates in its absolute discretion by lodging a revised timetable with the ASX and the JSE and Orion reserves the right to
extend the Closing Date by up to a further 5 business days.
For and on behalf of the Board.
Errol Smart
Managing Director & CEO
29 July 2022
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).
Date: 29-07-2022 08:27:00
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