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Orion halts share trading amid raising speculation

Copper developer Orion Minerals has gone into a trading halt on the ASX, pending a proposed capital raise.

Reports emerged on Tuesday that Orion was looking to raise some A$25-million in a share placement, priced at 3.6c a share to fund Orion’s Prieska copper project, and the acquisition of the nearby Okiep copper complex (OCC).