The Anglo American Sefa Mining Fund (AASMF) will become a shareholder of ASX- and JSE-listed Orion Minerals. This follows after the parties agreed to restructure Orion subsidiary Repli Trading, with Orion to issue shares to AASMF in consideration of preference shares held by the fund in Repli, which were issued to AASMF as part of a seed capital investment which assisted the previous owners of Orion’s flagship Prieska zinc/copper project, in the Northern Cape, to undertake early drilling and engineering work.
