April 15 (Reuters) - Orion Minerals Ltd ORN.AX :
* NOTES RECENT MEDIA SPECULATION REGARDING COMPANY UNDERTAKING AN $8M CAPITAL RAISING PRICED AT $0.04 PER FULLY PAID ORDINARY SHARE
* CONFIRMS IT IS IN PROCESS OF UNDERTAKING CAPITAL RAISING OF ABOUT $8M AT AN ISSUE PRICE OF $0.04 PER SHARE
* EXPECTED IMMINENT GRANT OF MINING RIGHT FOR FLAGSHIP PRIESKA ZINC-COPPER PROJECT IN SOUTH AFRICA'S NORTHERN CAPE PROVINCE Source: Further company coverage: ORN.AX