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As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay
July 5 (Reuters) - Orion Metals Ltd <ORM.AX>::ENTERED INTO MEMORANDUM OF UNDERSTANDING WITH MAYFAIR RESOURCES GROUP PTY LTD.CO AND MAYFAIR TO COOPERATE ON AN EXCLUSIVE BASIS TO PROCURE ACQUISITION BY CO OF IDENTIFIED ASSETS.
March 8 (Reuters) - Orion Metals Ltd <ORM.AX>::ENTERED INTO AN EXCLUSIVE BINDING TERMS SHEET WITH WINFIELD MINERALS PTY LTD ON 5 MARCH.TERMS SHEET IN RESPECT OF SALE AND PURCHASE OF 4 MINING LEASES COMPRISING TOP CAMP PROJECT.
Aug 30 (Reuters) - Orion Metals Ltd <ORM.AX>::ENTERED INTO TENEMENTS SALE AGREEMENT WITH PVW RESOURCES NL, PVW TANAMI PTY LTD AND RICH RESOURCES INVESTMENTS.UNDER AGREEMENT, PVW TANAMI HAS AGREED TO BUY RRI'S 65% INTEREST IN SEVEN EXPLORATION TENEMENTS IN TANAMI WEST PROJECT IN WA.
Orion Metals Ltd <ORM.AX>: Board changes <ORM.AX> . Conglin Yue has resigned as a director and CEO . Yi Yang has been appointed as a non-executive director and chairman of the company .
Orion Metals Ltd:Says Orion Metals Limited entered into an investment agreement with excellence holding hk ltd.Says 200 million shares will be issued by orm to the subscriber for $0.005 each to raise a total of A$1 million in new funds.
Orion Metals Ltd:Says that Conglin Yue and Australia Conglin International Investment Group Pty Ltd has an interest in 105,582,576 ordinary shares of the company, representing 72.77 pct. of total voting power.Previously, Conglin Yue and Australia Conglin International Investment Group Pty Ltd had an interest in 61,047,576 ordinary shares of the company, representing 68.90 pct. of total voting power.
Orion Metals Ltd:Issues 50,000,000 fully paid ordinary shares at an issue price of A$0.02 per share.Shares were issued to two major shareholders pursuant to placement agreements with each shareholder, to raise total of $1,000,000 to enable continued development of Orion's REE projects, pursuit of new exploration opportunities and for general working capital purposes.
Orion Metals Ltd:Enters into agreements with two of its major shareholders for placement of a total of 50,000,000 shares at price of A$0.02 per share to raise A$1,000,000.In addition to share placements, the company intends to undertake share purchase plan (SPP) under which eligible shareholders will be given opportunity to apply for up to A$15,000 worth of shares in the company.Funds raised by share placements and SPP will be used by the company to progress its wholly owned REE and gold Tanami West Project in Western Australia and REE and base metals Mt Surprise Project in Queensland.Funds will also used for assessing new exploration opportunities and general working capital purposes.Enters into share subscription agreement with Australia Conglin International Investment Group Pty Ltd (ACIIG) under which ACIIG will subscribe for 41,035,000 shares at a price of A$0.02 to raise A$820,700.Also enters into share subscription agreement with Jien Mining Pty Ltd under which Jien will subscribe for 8,965,000 shares at a price of A$0.02 to raise A$179,300.
Orion Metals Ltd:Says that it has withdrawn from the Broughton Crek Project joint venture with Broughton Minerals Pty Ltd to concentrate on its key assets.Says the Orion board's decision to withdraw from the Broughton Crek Project is reflective of the high level of expenditure that would be required under the curent farm-in and joint venture terms before Orion earns an interest in the project.
Orion Metals Ltd:Says it is reporting exploration results for a recent round of RC drilling conducted across Broughton Creek Joint Venture tenement, EPM 16209, located in the Mt Isa District of Queensland.Says the RC drill program comprising 17 drill holes ( a total of 1,476 meters of drilling) was designed to test radiometric anomalies identified by earlier detailed exploration work for potential uranium and rare earth element mineralization.Says the RC drill results were of low order for uranium and rare earth elements and there were coincidental gold and base metal results.
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