Orange Minerals NL (ASX:OMX)

ALERT: Price-sensitive ASX Announcement for OMX

Current share price for OMX : $0.064 0.004 (6.67%)⁺

Announcement

Placement

Release

30 Apr 2026 9:58AM

Price at Release

$0.060

Full Release

Summary

Orange Minerals NL announced it has received firm commitments to raise $1.675 million through a placement of partly paid shares (PPS) at $0.05 each with an additional unpaid amount of $0.05. A total of 33.5 million PPS will be issued, with 21 million utilizing the company's existing placement capacity and 12.5 million subject to shareholder approval. The placement also involves commitments of $625,000 from directors. The raised funds will be directed towards exploration activities in Australia and Ghana. Investors will receive a 1-for-2 attaching option, exercisable at $0.20 by 2028, subject to shareholder approval. The PPS will only be quoted once fully paid, with an obligation for full payment within five years. Additionally, a 6% fee will be paid to AFSL holders participating in the placement along with broker options.

Key Points

$1.675 million raised via issue of partly paid shares
21 million PPS issued under 15% placement capacity
12.5 million PPS issued subject to shareholder approval
Directors committed $625,000 in the placement
Funds to be used for exploration in Australia and Ghana
Investors receive a 1-for-2 attaching option at $0.20
PPS are unquoted until fully paid in five years
Forfeiture possible if unpaid PPS remain after 14 days
6% fee to AFSL holders and broker options issued

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.