Share Issue – Notice Under Section 708a(5)(e)
Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
(“Orion” or “the Company”)
SHARE ISSUE – NOTICE UNDER SECTION 708A(5)(e)
Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) announced on 16 April 2019 a pivotal
$8M capital raising underpinned by a group of high-profile South African investors as part of a
proposed restructure of the Company’s Black Economic Empowerment equity participation at
project level, achieving accelerated compliance with the ownership aspects of South African Mining
The $8.0M capital raising comprises the issue of 200.9M fully paid ordinary share (Shares) at an issue
price of $0.04 per Share, together with one free attaching option for every two Shares issued (100.47M
options at an exercise price of $0.05 and an expiry date of 31 October 2019) (Options), to be
conducted via a placement to sophisticated and professional investors (Placement). The Options will
not be quoted on the ASX or the JSE. The Placement was made up of $4.69M in Tranche 1 issued in
April 2019 and, subject to shareholder approval, which was obtained at a general meeting on 7 June
2019, an additional $3.34M in Tranche 2.
Orion has issued 30,000,000 Shares in the Company at $0.04 per Share and 15,000,000 Options (New
Securities), to raise $1.20M, resulting from a receipt of funds from investors for Tranche 2 commitments.
The balance of Tranche 2 Shares and Options (being $2.14M), which includes the Shares and Options
associated with the BEE restructure as announced on 16 April 2019, are expected to be issued in the
In accordance with section 708A(5)(e) of the Corporations Act 2001 (Act), the Company advises as
1. this notice is being given under paragraph 708A(5)(e) of the Act;
2. the Company issued the New Securities without disclosure to investors under Part 6D.2 of
3. as at the date of this notice, the Company has complied with the provisions of Chapter
2M of the Act as they apply to the Company;
4. as at the date of this notice, the Company has complied with section 674 of the Act; and
5. all information of the kind that would be required to be disclosed to the market for the
purposes of section 708A(6)(e) of the Act has been disclosed to ASX Limited.
22 July 2019
Investors Media JSE Sponsor
Errol Smart – Managing Director Nicholas Read Barnaby Hayward Rick Irving
Denis Waddell – Chairman Read Corporate, Australia Tavistock, UK Merchantec Capital
T: +61 (0) 3 8080 7170 T: +61 (0) 419 929 046 T: +44 (0) 787 955 1355 T: +27 (0) 11 325 6363
E: firstname.lastname@example.org E: email@example.com E: firstname.lastname@example.org E: email@example.com
Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000
Date: 22/07/2019 09:14:00
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.
Email this JSE Sens Item to a Friend.