MELBOURNE, Victoria – The securities of Orion Minerals Ltd will be placed in trading halt at the request of the company, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 February 2021 or when the announcement is released to the market.
The reason for the trading halt is that Orion anticipates making a material announcement in relation to the completion of an option agreement to acquire a major copper project in the Northern Cape Province, South Africa.
The trading halt was requested until the commencement of trade on Wednesday 3 February 2021, or such earlier time as Orion makes an announcement to update the market in relation to the completion of an option agreement. Orion expects to make an announcement to the market concerning these matters before the commencement of trade on Wednesday 3 February 2021.