Search
Orion is exploring for copper and zinc at its Prieska project in Africa.

Tembo invests in Orion

Zinc and copper explorer Orion Minerals has received a $3 million investment by private equity group Tembo Capital to fund work at its projects in Africa, and has flagged a further $1.8 million capital raising.

Melbourne-based Orion, which until earlier this month was named ‘Orion Gold’ and held its head office in Perth, said Tembo had subscribed for 125 million shares at 2.4 cents each to give it a 12.4 per cent stake in the business.

Tembo, which also holds $3 million in Orion convertible notes, had the option to invest up to $4.8 million in Orion, leaving the Africa-focused explorer with the option to seek a further $1.8 million from other investors by way of a placement.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
375thPeel Mining-3%22%
388thGold Road Resources-5%31%
396thOrion Minerals-6%-41%
442ndBMG Resources-14%-40%
652ndHannans-48%-19%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/12/16
$20k Issued
30/12/16
$20k Issued
30/12/16
$60k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

140th↑Orion Minerals$745k
164th↑Gold Road Resources$463k
165th-Hannans$445k
167th↑BMG Resources$432k
168th↑Peel Mining$423k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Orion Minerals

424thErrol Smart$340k
thMartin Bouwmeester$266k
827thDenis Waddell$168k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer