Orion Minerals: Extends Jacomynspan project agreement

Orion Minerals Extends Jacomynspan project agreement

• Orion Minerals (ORN) and selling shareholders agree to extend the final completion date of a previously announced transaction
• The deal must become unconditional from February 27 to April 30 and the parties must agree on key principal commercial terms, which will trigger another deadline extension
• Failing to agree on terms before April 30 will terminate the initial agreement and all parties will be restored to their respective position as at February 28
• Orion currently owns 50 per cent of the total interest in the Jacomynspan Project and has advanced exploration programs
• ORN has ended the day 3.45 per cent in the green to close at 3 cents per share