Orion Proposes 20-For-1 Share Consolidation Ahead Of AGM
Closing price · 2026-10-27: $0.023 · -4.17%
Orion Minerals has proposed consolidating every 20 existing shares into one, reducing its ordinary shares on issue from about 9 billion to about 448 million; the company says the move is intended to better suit its current stage and may reduce administrative costs. Shareholders are due to vote on the proposal at the November AGM, where Orion is also seeking approval to issue shares to BPDT & Co. in lieu of cash for services.