CAPITAL MARKETS

Orion flags convertible note funding

ORION Gold is in the process of raising $A8 million for its advanced South African zinc-copper play by issuing convertible notes with a 12% coupon and a conversion price circa-30-40% above its average trading price over the past month.

Michael Quinn
Orion flags convertible note funding

Orion said “negotiations are well progressed” with the potential investors. The funds are required after Orion last month exercised an option to acquire the company (Agama) that owns a 73.33% interest...

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