Deep Yellow raises A$15m

June 1, 2017

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Uranium explorer Deep Yellow has closed its A$15-million from a non-renounceable entitlement issue to shareholders.

Some 19.5-million fully paid ordinary shares, and a further 19.5-million options, representing around A$4.9-million, was subscribed for by shareholders. The offer was made on the basis of seven new shares for every 15 shares held, at an issue price of 25c each, with one free attaching option, exercisable at 50c each and expiring in June 2022.

Category: General