Orion Gold Nl

Published : August 03rd, 2015

Listed Option Expiry Notice (3/08/15)

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Keywords :   Australia | Cobalt |

Listed Option Expiry Notice (3/08/15)

Microsoft Word - 20150803 Expiry of Listed Options

ASX Announcement / Media

Release

3 August 2015

Option Expiry Notice Re Listed Options Expiring 31 August 2015

ASX Code:ORN Issued Capital:

Ordinary Shares: 306M Options: 83M

Directors:Denis Waddell

Chairman

Errol Smart

Managing Director, CEO

Bill Oliver

Technical Director

Alexander Haller

Non-Executive Director

Management:Kim Hogg

Company Secretary

Martin Bouwmeester

Business Development Manager

Suite 2

64 Thomas Street

West Perth WA 6005

ABN 76 098 939 274

T: +61 8 9485 2685

E: [email protected]

Orion Gold NL (ASX: ORN) advises that it has been granted a waiver from Listing Rule 6.24 to the extent necessary to permit the Company not to send the notices required by paragraph 6.1 of Appendix 6A in relation to

42,500,000 listed options exercisable at $0.197849 expiring on 31 August 2015

("Options"). Accordingly, option expiry notices will not be sent to Option holders.

In accordance with ASX Listing Rules and the waiver granted by the ASX, the

Company provides the following information:

• The number of Options to which this notice applies is 42,500,000;

• On exercise, each Option entitles the holder to receive one fully paid ordinary share in the Company. If all Options were exercised, 42,500,000 fully paid shares would be issued;

• The exercise price for the Options is $0.197849;

• The due date for payment of the exercise price is 5pm (Perth WST) on 31

August 2015;

• If payment is not received by 5pm (Perth WST) on 31 August 2015, the

Options will lapse and all rights under the Options will cease;

• Official quotation of the Options will cease on 24 August 2015;

• The market price of fully paid ordinary shares in the Company on 30 July

2015 (being the last day on which the Company's shares traded prior to the date of this notice) was $0.032;

• During the three months immediately preceding the date of this notice, the highest market price of fully paid ordinary shares in the Company was

$0.038 on 26 May 2015 and the lowest price was $0.02 on 21 May and 23

June 2015;

• Exercise of the Options is not underwritten.

Kim Hogg

Company Secretary

About Orion

Orion Gold is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces. The Company has acquired quality projects in proven mineral provinces, including a substantial tenement holding in the Albany-Fraser Belt, host to Australia's two most significant discoveries of the last decade (the Tropicana Gold Deposit and the Nova Nickel-Copper-Cobalt Deposit). Part of this tenement holding was acquired from entities associated with Mark Creasy who is now a significant shareholder in Orion. The project area was previously explored by Western Areas Ltd who identified mafic-ultramafic intrusives within the project area as well as nickel-copper-cobalt-PGE anomalies. Orion's intensive, systematic exploration programs have successfully defined 34 targets to date by a combination of geological, geochemical and geophysical methods.

The Company has also secured a large tenement package on the Connors Arc in Queensland, where a significant intermediate sulphidation, epithermal gold and silver system has been identified at Aurora Flats. The project lies between the well known Cracow and Mt Carlton epithermal deposits. The Company is increasing its focus on this project, following promising reports from expert consultants.
Additionally, the Company has an interest in the Walhalla Project located in Victoria, where it is focusing on exploration for Copper-PGE and has entered into an agreement with A1 Mining regarding the gold rights on the tenements.
The Company has an experienced management team with a proven track record in exploration, development and adding shareholder value.

W:

www.oriongold.com.au



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Orion Gold Nl

EXPLORATION STAGE
CODE : ORN.AX
ISIN : AU000000GDR8
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Orion Gold is a gold producing company based in Australia.

Orion Gold holds various exploration projects in Australia.

Its main exploration properties are WALHALLA and TUBAL CAIN in Australia.

Orion Gold is listed in Australia. Its market capitalisation is AU$ 14.3 millions as of today (US$ 10.3 millions, € 9.0 millions).

Its stock quote reached its highest recent level on December 24, 2010 at AU$ 1.12, and its lowest recent point on January 29, 2016 at AU$ 0.01.

Orion Gold has 792 419 968 shares outstanding.

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Nominations of Orion Gold Nl
7/23/2008Appoints Managing Director
7/14/2008New Board Appointment and Market Update
1/31/2008Key Appointments - Production Team Builds
Project news of Orion Gold Nl
4/29/2016Orion secures further exploration opportunity (29/4/16)
5/23/2008(Tubal Cain)Maiden 274,000oz JORC Resource for Tubal Cain
3/14/2008(Walhalla) Eureka Delivers JORC Resource - Underpins Expanded Tubal Ca...
Corporate news of Orion Gold Nl
7/14/2016Orion Secures Highly Prospective Nickel Copper Project (14/0...
6/8/2016Drilling to commence at Key Gold and Zinc-Copper Projects (0...
5/2/2016Orion to sell non core tenement package for cash and options...
4/1/2016Appointment of Company Secretary (01/04/16)
2/1/2016Sale of Walhalla Project Mining Tenement (02/02/16)
1/20/2016Change in substantial holding (18/1/16)
12/29/2015Sale of Walhalla Project Mining Tenement (30/12/15)
12/3/2015Change in Director's Interest - 3Y's
12/3/2015Change in Director's Interests - 3Y's
12/3/2015Change in Director's Interest - 3Y
12/3/2015Appendix 3B
12/3/2015Drilling Confirms New Epithermal System at Chough Prospect (...
11/26/2015Results of AGM (26/11/15)
11/26/2015Breakaway Research Flash Note (26/11/15)
9/25/2015Full Year Statutory Accounts (25/09/15)
9/22/2015High grade surface samples from Veinglorious Prospect (22/09...
8/10/2015Sale of Mining Tenement at Walhalla Project (11/08/15)
8/3/2015Listed Option Expiry Notice (3/08/15)
8/3/2015Expiry of Unlisted Options (3/08/15)
7/31/2015June Quarterly Activities Report (31/07/15)
7/30/2015Funding Secured via Shareholder Loan Facilities (30/07/15)
7/13/2015Connors Arc Epithermal Potential Further Expanded (14/07/15)
4/26/2015Exploration Update - Connors Arc & Fraser Range
4/21/2015March Quarterly Activities Report
4/21/2015March Quarterly Cash Flow Report
3/22/2015Presentation - Exploration gathering momentum on two fronts
3/22/2015Breakaway Research Report
3/18/2015Connors Arc Project - Technical Briefing & Update
3/9/2015Key Exploration Programs Resume in QLD and Fraser Range
3/8/2015Half Year Accounts- December 2014
11/18/2014Ground EM Survey Commences at Pennor Nickel-Copper Prospect
11/5/2014Orion Closes in on Drill Targets at Connors Arc
11/5/2014Breakaway Issue Research Report
10/30/2014Entitlement Issue - Dispatch of Prospectus
10/28/2014Board Room Radio Webcast - Mr Errol Smart
1/4/2012ASX Announcement
12/21/2011ASX Announcement
11/25/2011ASX Announcement
9/30/2011ASX Announcement
8/24/2011ASX Announcement
5/3/2011ASX Announcement
3/20/2011ASX Announcement
4/30/2010Quarterly Report
9/10/2008announces A$6M convertible note loan facility.
8/29/2008Relocation
8/25/2008Achieves Significant Milestone with Grant of Key Mining Lice...
7/31/2008June 2008 Quarterly Activities Report
7/29/2008 Announces Proposed Rights Issue
5/28/2008Corporate Office Relocation & Retirement of Managing Directo...
5/14/2008Goldstar Resources - Continuing Good Grades From Tubal Cain ...
4/29/2008Share Placement
4/24/2008Quarterly Activities Report - March 2008
4/7/2008Opes Prime
3/19/2008 Open Briefing. Goldstar Resources. Fast Tracking Tubal Cain
3/14/2008Launches Expanded Gold Strategy
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