CAPITAL MARKETS

Orion surges on raising, restructure

SHARES in Orion Minerals surged by as much as 45% this morning after the company announced a premium raising, Black Economic Empowerment project ownership restructure, and two high-calibre board appointments.

Orion's Prieska project

Orion's Prieska project

As flagged last week, Orion completed an A$8 million placement at 4c per share, a 29% premium to the last closing price, managed by Petra Capital. Black South African investors subscribed for $4 million...

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