Oct 24 (Reuters) - Orion Minerals Ltd ORN.AX :
* $5.5 MILLION CAPITAL RAISING SECURES FUNDING TO REACH IMPORTANT MILESTONES AND SHARE PURCHASE PLAN ANNOUNCED
* TEMBO CAPITAL MINING FUND, AFFILIATED ENTITIES CONFIRMED CONTINUED SUPPORT OF ORION THROUGH SUBSCRIBING FOR $2.5 MILLION IN PLACEMENT
* INTENDS TO UTILISE PROCEEDS RAISED FROM PLACEMENT FOR BANKABLE FEASIBILITY STUDY
* PLACEMENT IS EXPECTED TO BE COMPLETED ON OR AROUND 31 OCTOBER 2019.