Orion Minerals finalizes share placements, settles advisory fees with equity

Orion Minerals Limited (Orion) has completed several share issues, including the finalization of its July Placement and a portion of its broader Placement, raising a total of A$2.5 million from investors. The company issued 133,333,333 shares at A$0.015 per share, securing A$2.0 million, and an additional 44,230,769 shares at A$0.011 per share, raising A$0.5 million. Further firm commitments for A$5.7 million under the Placement are pending issue.

In addition to capital raising, Orion settled outstanding advisory fees through equity. Webb Street Capital (Pty) Ltd received 14,178,323 shares at a deemed issue price of A$0.011 per share for its services related to the July Placement. BPDT & Co. Pty Ltd also received 3,272,726 shares at the same deemed price for its professional services.

These share issues fall within Orion's 15% capacity for equity securities without shareholder approval, as per ASX Listing Rule 7.1, with some Webb Street Shares approved at a general meeting on August 28, 2025. The company confirms compliance with relevant sections of the Corporations Act 2001.