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Orion Minerals Limited ( (AU:ORN) ) has issued an update.
Orion Minerals Limited has issued a cleansing notice regarding the issuance of fully paid ordinary shares as part of a placement to sophisticated and professional investors. The company has raised funds through the issuance of shares at different prices to convert outstanding loans and compensate service providers. This strategic move is expected to strengthen Orion’s financial position and support its ongoing projects, potentially enhancing its market presence and operational capabilities.
More about Orion Minerals Limited
Orion Minerals Limited is a company incorporated in Australia, primarily involved in the mining industry. The company focuses on the exploration and development of mineral resources, with a particular emphasis on projects in South Africa.
Average Trading Volume: 1,497,710
Technical Sentiment Signal: Buy
Current Market Cap: A$180.1M
For a thorough assessment of ORN stock, go to TipRanks’ Stock Analysis page.