Orion Minerals Limited (AU:ORN) has released an update.
Orion Minerals Ltd has requested a voluntary suspension of its shares from the Australian Securities Exchange, effective immediately, as it prepares to announce a forthcoming capital raising initiative. The suspension is set to last until either the announcement is made or trading resumes on July 1, 2024, whichever occurs first. This strategic move aims to manage market reaction and provide the company with time to finalize the details of their capital raising efforts.
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