Ann: Orion Further Strengthens its BEE Partnership, page-3

  1. 38 Posts.
    lightbulb Created with Sketch. 36

    It is the shareholding in the BEE entity, which will hold the 20% interest in the Prieska Project, that has changed. Per the announcement of the BEE restructure on 16 April 2019 the 20% interest in the Prieska Project was going to be held 67% by Black Star and 33% by KNI. The shareholding in the BEE entity (Prieska Resources), which will hold the 20% interest in Repli (holder of the Prieska Project), has changed. The shareholding in Prieska Resources (the BEE entity) will now be:

    • 44.72% Safika
    • 17.31% Black Star (diluted from 67% to 17.31% with entry of Safika)
    • 37.97% KNI (increased from 33% tot 37.97% with dilution of Black Star and entry of Safika.

    Safika is a great addition to the shareholding base of the Prieska Project - although Safika is a BEE company and the Prieska Project will get the required BEE rating through them, Safika in their own right is a great business partner with a large global footprint. See link below for some info on Safika.


    https://youtu.be/AcbU2ohyokc

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $65.53M
Open High Low Value Volume
1.0¢ 1.0¢ 0.9¢ $19.03K 1.905M

Buyers (Bids)

No. Vol. Price($)
5 1530986 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 919168 4
View Market Depth
Last trade - 15.59pm 30/07/2025 (20 minute delay) ?
ORN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.