Australia's Orion Minerals falls on discounted placement

Orion Minerals

02/10/2025 02:14

** Shares of Australia's Orion Minerals ORN.AX fall as much as 5% to A$0.019, posting their biggest intraday pct drop since September 25

** Diversified miner says it has received additional commitments to increase capital raising to A$7.7 million ($5.09 million) from A$5 million at an issue price of A$0.015 per share

** Issue price represents a discount of 25% to stock's last close

** Stock has risen 26.7% so far this year

($1 = 1.5142 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))