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Share Purchase Plan - Closing Date Reminder
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
Share Purchase Plan – Closing Date Reminder
Opportunity to participate in the Share Purchase Plan closes on Tuesday, 23 July 2024 at 7:00pm
(Melbourne time) and 10:00am (South African time).
Share Purchase Plan provides Eligible Shareholders with the opportunity to subscribe for new Shares
in parcels starting from A$165 (or ZAR2,000) up to a maximum of A$30,000 (approximately
ZAR365,000) at an issue price of 1.5 cents per Share (or ZAR18 cents).
Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) reminds Eligible Shareholders that the opportunity to
participate in the Share Purchase Plan (SPP) announced on 1 July 2024 closes at 7:00pm (Melbourne time) and
10:00am (South African time) on Tuesday, 23 July 2024.
During July 2024, Orion has completed a capital raising by way of placement of new fully paid ordinary shares
(Shares) to sophisticated and professional investors to raise ~A$7.7 million (~ZAR92.3 million) (Placement).
Approximately 513 million Shares were issued under the Placement, at an issue price of A$1.5 cents per Share (ZAR18
cents).
On 1 July 2024, Orion announced that it is undertaking a SPP to provide Eligible Shareholders an opportunity to
increase their shareholding in Orion, at the same offer price as the Shares issued under the Placement.
The Company is offering existing eligible shareholders being those shareholders with a registered address in
Australia, New Zealand, South Africa, the European Union (Germany and Netherlands), Jersey (Channel Islands),
United Kingdom, Mauritius and Singapore that held Orion Shares as at 7.00pm (Melbourne time) on 28 June 2024
(Eligible Shareholders) the opportunity to purchase Shares under the SPP.
Under the SPP, each Eligible Shareholder will be entitled to apply for parcels of new Shares from a minimum parcel
of A$165 (or ZAR2,000) up to a maximum of A$30,000 (~ZAR365,000) without incurring brokerage or transaction costs.
The issue price will be A$1.5 cents per Share (being ZAR18 cents), being the same price paid by investors under the
Placement.
A copy of the SPP booklet containing further details of the SPP and Application Form was attached to the
Company's 5 July 2024 announcement and was dispatched to Eligible Shareholders. Key dates of the SPP are set
out in the timetable below.
Eligible Shareholders should read the SPP booklet before deciding whether to participate in the SPP.
On 18 July 2024, Orion's Managing Director & CEO, Errol Smart, hosted a live investor webinar to provide an update
on recent progress at the Company's two copper development assets, the Prieska Copper Zinc Mine (PCZM) and
Okiep Copper Project, both located in South Africa's Northern Cape Province.
A recording of the webinar can be accessed from Orion's website, via the following link:
https://www.orionminerals.com.au/news/videos/executive-interviews/
Timetable(i)
Record Date 7:00pm (Melbourne time) on Friday, 28 June 2024
Share Purchase Plan offer opens Friday, 5 July 2024
Share Purchase Plan offer closes 7:00pm (Melbourne time) and
10:00am (South African time) on Tuesday, 23 July 2024
Share Purchase Plan allocation announcement and Scale- Monday, 29 July 2024
back (if any)
Issue Date Tuesday, 30 July 2024
Quotation of New Shares Wednesday, 31 July 2024
Dispatch of holding statements (ASX) Monday, 5 August 2024
(i)
The timetable is indicative only and Orion may vary any of the above dates in its absolute discretion at any time, subject to the
Corporations Act, the ASX Listing Rules and other applicable laws, by lodging a revised timetable with the ASX and the JSE. Orion reserves
the right to close the Share Purchase Plan early, accept late applications or extend the Closing Date by up to 10 business days, in its sole
and absolute discretion, should it be considered necessary to do so, by making an announcement to ASX. The commencement of shares
offered under the Share Purchase Plan is subject to confirmation from ASX.
For and on behalf of the Board.
Errol Smart
Managing Director and CEO
22 July 2024
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.martinez@merchantec.com
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: 22-07-2024 08:51:00
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