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News: ORN Orion Gold Nl enters investment agreement reached with Tembo Capital

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    12/04/17
    10:20
    Post #: 24020769

    April 12 (Reuters) - Orion Gold Nl (ORN)

    • Cornerstone investment agreement reached with Tembo Capital
    • Tembo Capital has agreed to become a cornerstone investor in Orion via share placement to acquire up to a 19.9% stake in Orion
    • Agreement to raise up to approximately $4.7 million at an issue price of 2.4 cents per share
    • Placement funds will be used to advance the Co'S advanced volcanogenic massive sulphide zinc-copper projects in South Africa and as working capital
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