Wrap Text
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
Share Issue – Notice under Section 708A(5)(e)
Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) refers to its announcement on 22 May 2026 that it
secured firm commitments to raise approximately $15.4 million (~ZAR181.5 million)1 via a Placement to
sophisticated and professional investors, to advance both of its key copper projects in the Northern Cape
Province of South Africa.
The capital raising, which is being conducted via a placement to sophisticated and professional investors,
comprises the issue of approximately 698 million fully paid ordinary shares (Shares) at an issue price of 2.2 cents
(ZAR26 cents) per Share and approximately 349 million attaching options with an exercise price of 3.1 cents
(ZAR37 cents) per option and an expiry date of 36 months after the date of issue (Placement Options)
(together, Placement Securities) (Placement).
Orion has today issued 393,846,154 Shares and 196,923,076 attaching Placement Options to raise ~$8.7 million,
following receipt of funds from investors for commitments pursuant to the Placement raising. This completes
the issue of Placement Securities under the Placement.
As part of the fees payable to the supporting brokers, Orion agreed to issue additional options to brokers with
an exercise price of 2.2 cents (ZAR26 cents) per option (being the same price as the price per Share paid by
investors under the Placement), and an expiry date of 36 months after the date of issue (Broker Options).
Orion has today issued 23,630,769 Broker Options, finalising the issue of Broker Options to supporting brokers.
Orion has also today issued 23,627,134 Shares at a deemed issue price of 2.2 cents per Share (being the same
price as the price per Share paid by investors under the Placement) and 11,813,567 options with an exercise
price of 3.1 cents per option, and an expiry date of 36 months after the date of issue, to Webb Street Capital
(Pty) Ltd (Webb Street) in lieu of cash payment for services provided by Webb Street (Broker Fee). Webb Street
is a South African advisor engaged by Orion to provide professional services in South Africa, including the
Placement referred to above.
Orion has also today issued 2,909,088 Shares at a deemed issue price of 2.2 cents per Share (being the same
price as the price per Share paid by investors under the Placement) and 1,454,544 options with an exercise
price of 3.1 cents per option, and an expiry date of 36 months after the date of issue, to BPDT & Co. Pty Ltd
(BPDT) in lieu of cash payment for professional services provided to Orion by BPDT (Advisor Services).
The issue of the Placement Securities, Broker Options, Broker Fee Shares and options and Advisor Services
Shares and options fall within Orion's 15% capacity for issues of equity securities without shareholder approval
afforded by ASX Listing Rule 7.1.
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 Shares 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 and section 674A 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.
For and on behalf of the Board.
Denis Waddell
Chairman
4 June 2026
ENQUIRIES
Investors Media JSE Sponsor
Avishkar Nagaser Nicholas Read Monique Martinez
Executive: Corporate Communications Read Corporate, Australia Merchantec Capital
and Investor Relations
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
2
Date: 04-06-2026 08:59:00
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.
Sharenet Sites 
