Under the SPP, each eligible shareholder was entitled to apply for parcels of new shares from a minimum parcel of A$165, or R2 000, up to a maximum of A$30 000, or R365 000.
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Investment company Utshalo founder and consultancy AmaranthCX CEO Paul Miller says the outcome of Orion's SPP is a "narrative-changing" result, particularly the funds raised from South African investors for a junior mining company.
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Investment company Utshalo founder and consultancy AmaranthCX CEO Paul Miller says the outcome of Orion's SPP is a "narrative-changing" result, particularly the funds raised from South African investors for a junior mining company.
"It shows what is possible on the South African public markets," he highlights.
Utshalo, which aims to "reawaken the country's public markets", has signed up more than 749 investors to its platform and makes a valuable contribution to the publicity and digital marketing of junior mining companies.