Orminex Limited announced a private placement of 266,666,667 shares at a price of AUD 0.03 per share for gross proceeds of AUD 8,000,000 on September 2, 2021. The transaction will includes participation from existing major shareholders and new sophisticated investors including PT Amman Mineral Internasional for AUD 1,000,000, Directors for AUD 580,000 subject to shareholder's approval at the upcoming 2021 annual general meeting on October 28, 2021. The transaction is expected to close on October 29, 2021.