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ORION MINERALS LTD (ORN)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
ORION MINERALS LTD15/02/2018
ORION MINERALS NL23/05/201715/02/2018
ORION GOLD NL24/06/200923/05/2017
GOLDSTAR RESOURCES NL24/06/2009

Shareholder links

Our website ranking of ORN: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services Melbourne
Tower 4, 727 Collins Street Docklands VIC 3008
Tel : +61 3 9615 9800
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000ORN1
Address: C/- RSM Australia Pty Ltd Level 27 120 Collins Street Melbourne, Victoria, 3000
Tel:  +61 (0)3 8080 7170Fax: +61 (0)3 8080 7174

Date first listed: 31/10/2003

Sector: Materials Industry Group: XMJ
Activities: Mineral Exploration

News & Events

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The suspension of trading in the securities of Orion Minerals Ltd will be lifted immediately following the release by ORN of an announcement regarding a capital raising.

22/06/2022

Three-tranche Placement to sophisticated and professional investors to raise up to $20 million at 2.0 cents per share (being ZAR22 cents). Committed funds for Tranche 1 and Tranche 2 total $6 million, with commitments for Tranche 3 currently being finalised. Due to the downturn in global capital markets since the Company went into a trading halt on 10 June 2022, numerous potential participants have requested additional time to finalise their involvement. Together with other funding sources, the capital raise will put Orion in a strong position to access the recently announced US$87 million funding package from Triple Flag Precious Metals to underpin the early production strategy for the flagship Prieska Copper-Zinc Mine. Funds to be used principally to progress the development of Prieska, including the commencement of mine dewatering and the completion of feasibility studies for the Early Production Scenario. In addition to the Placement, a Share Purchase Plan will be offered to provide eligible shareholders with the opportunity to subscribe for new Shares in parcels starting from $2,000 (or ZAR20,000) up to a maximum of $30,000 (or ZAR300,000) at an issue price of 2.0 cents per Share (ZAR22 cents). This will provide existing shareholders with the opportunity to participate in this capital raise at the same offer price as the Shares issued under the Placement.

22/06/2022

The Company currently expects that the voluntary suspension of trading in its securities will remain in place until the earlier of commencement of trading on Wednesday 22 June 2022 or the release of an announcement regarding a capital raising transaction.

20/06/2022

The securities of Orion Minerals Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of ORN, pending the release of an announcement regarding a capital raising.

15/06/2022

The suspension of trading in the securities of Orion Minerals Ltd will be lifted immediately, following the release by ORN of an announcement.

16/04/2019

High profile South African investors underpin $8M capital raising at 29% premium as part of key BEE ownership re-structure. In addition to the Placement, founding BEE partners to exchange their shares at Prieska Project level for Orion Shares. New BEE partners to acquire a 20% holding at the Prieska Project level and fund their proportionate share of Prieska project development costs.

16/04/2019

There has been media speculation regarding the company undertaking an $8M capital raising priced at $0.04 per fully paid ordinary share. In response, Orion confirms that it is in the process of undertaking a pivotal capital raising of approximately $8M capital raising at an issue price of $0.04 per share, together with one free attaching option for every two shares issued, to be conducted via a placement. The capital raising is likely to be underpinned by a group of high-profile black South Arican investors as part of a broader restructuring of the company's Black Empowerment Equity at operating level. The company anticipates making a material announcement upon cessation of the voluntary suspension, which the company anticipates will end at the commencement of trading on 16 April 2019.

15/04/2019

The securities of Orion Minerals Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of ORN, pending the release of an announcement.

15/04/2019

name changed from Orion Minerals NL

15/02/2018

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    06/12/2023Errol Smart1,000,000$0.170
    ZAR
    $170,000
    05/10/2023Denis Waddell-63,000,000$0.019$1,197,000
    05/10/2023Philip Kotze63,000,000$0.019$1,197,000
    27/06/2023Philip Kotze3,763,996$0.212
    ZAR
    $798,079
    09/11/2018Michael Hulmes200,000$0.027$5,400

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Denis WaddellExecutive Chairman27/02/2009
    Errol SmartManaging Director, CEO26/11/2012
    Peet van CollerCFO01/04/2023
    Patience MpofuNon Exec Director13/12/2023
    Godfrey GomweNon Exec Director16/04/2019
    Mark PalmerNon Exec Director01/02/2018
    Anthony LennoxNon Exec Director13/12/2023
    Martin BouwmeesterExecutive Director, CFO11/02/2014

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Philip KotzeNon Exec Director06/04/202315/02/2024
    Tom BormanNon Exec Director16/04/201910/10/2023
    Alexander HallerNon Exec Director27/02/200906/04/2023
    Michael HulmesNon Exec Director17/04/201816/04/2019
    Graeme SloanNon Exec Director23/07/200803/04/2013
    Christopher RobertsDirector08/09/201103/04/2013
    Sean CahoonCFO30/06/200931/01/2013

    Date of first appointment, title may have changed.