Sign up Australia
Proactive Investors - Run By Investors For Investors

Peninsula Energy gains a new substantial shareholder

Peninsula Energy (ASX:PEN) has a new substantial shareholder with Global X Management Company Co LLC moving to a 5.32% stake.
Peninsula Energy gains a new substantial shareholder
Peninsula shares have rebounded circa 70% since the raising.

Peninsula recently raised $8.5 million through the placement of shares at $0.50 and intends to raise up to an additional $5 million through an in-the-money share purchase plan offer.

The funding will allow Peninsula to implement a streamlined operational strategy to enhance business performance from the uranium-producing Lance Projects located in Wyoming, U.S.


Uranium re-rating

Over the past three weeks, the price of uranium has increased over 20%, potentially signalling the commodity has bottomed out.

Peninsula shares have rebounded circa 70% since the raising, with shareholders now awaiting the next news on the potential share purchase plan.

View full PEN profile

Peninsula Energy Timeline

Newswire
December 06 2016

Related Articles

bannerman-resources_BM-profile-full-sign_medium-757.jpg
October 28 2016
Bannerman CEO Brandon Munro commented: “We are delighted with the strength of the response to our placement offering."
u308_583650538afa0.jpg
November 24 2016
Broker Numis is getting bullish on uranium again following a new marketing initiative from the Kazakh government. Kazatomprom, the Kazakh-state uranium producer, is the largest producer in the world accounting for 39% of global mine production in 2015.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.