ORN Other Administrative Neutral
ORION MINERALS LIMITED - Appendix 2A Application for Quotation of Shares
Orion Minerals Limited
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What this filing means
Orion Minerals has issued a routine administrative notice confirming the submission of three applications for the quotation of shares on the ASX following recent capital raises.
Bull case
- The formal application for the quotation of shares finalises the administrative requirements of the company's recent capital-raising activities.
- The quotation ensures the newly issued shares will be officially listed and tradable on the exchange.
Bear case
- The submission of three separate quotation applications highlights the extent of recent share issuance and the associated dilution for existing shareholders.
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