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ORION MINERALS LIMITED - Share Issue Notice Under Section 708a(5)(E)

Release Date: 12/08/2019 07:45
Code(s): ORN     PDF:  
 
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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
ISIN: AU000000ORN1
(“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 (BEE) equity participation at project level, achieving
accelerated compliance with the ownership aspects of South African Mining Charter 3.

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 today issued 33,706,695 Shares in the Company at $0.04 per Share and 16,853,347 Options (New
Securities), to raise $1.34M, resulting from a receipt of funds from investors for Tranche 2 commitments. This
follows the issue of 30.0M Shares at $0.04 per Share and 15.0M Options on 19 July 2019, resulting from a receipt of
$1.2M from investors for Tranche 2 commitments.

The balance of Tranche 2 Shares and Options (being $0.8M), which includes the Shares and Options associated
with the BEE restructure as announced on 16 April 2019, are expected to be issued in the near term.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Act), the Company advises as follows:

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 the Act;
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.

12 August 2019

Denis Waddell
Chairman

ENQUIRIES

Investors                              Media                                                         JSE Sponsor
Errol Smart – Managing                 Nicholas Read                      Barnaby Hayward            Rick Irving
Director & CEO
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: info@orionminerals.com.au           E: nicholas@readcorporate.com.au   E: orion@tavistock.co.uk   E: rick@merchantec.co.za

Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000




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Date: 12/08/2019 07:45:00
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