A private equity funder of ASX-listed Orion Minerals has continued its support of the company by providing it with a new unsecured $1-million loan facility.
The terms of the loan facility, provided by Tembo Capital Mining Fund II, include that any amount capitalised under the load facility will be automatically set off against the amount to be paid by Tembo for the issue and allotment of ordinary shares in Orion to Tembo under any capital raising to be undertaken by the company before October 31.