Capital Watch: Orion, Rumble and more

Orion Minerals has secured commitments for A$5.5 million with a 2.4c placement to sophisticated and professional investors to progress the resource drilling campaign at the company’s Prieska zinc-copper project in South Africa, for exploration programs on the Northern Cape South African tenements and for working capital purposes.

Capital Watch: Orion, Rumble and more Capital Watch: Orion, Rumble and more Capital Watch: Orion, Rumble and more Capital Watch: Orion, Rumble and more Capital Watch: Orion, Rumble and more

The placement will be completed over two tranches. A meeting will seek shareholder approval for the second tranche and for chairman Denis Waddell to subscribe for shares at the same price.