Australia's Orion Minerals slides on discounted placement
22/05/2026 06:54
**Shares of Australia's Orion Minerals ORN.AX drop 6.9% to A$0.027, hitting their lowest level since May 8 ** Diversified miner gets commitments for private placement at around A$15.4 million, at 2.2 Australian cents per share ** Issue price represents a ~24% discount to last close ** ORN up over 28% YTD (Reporting by Shruti Agarwal in Bengaluru) ((Shruti.Agarwal@thomsonreuters.com))
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