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Peninsula Energy's substantial holder continues to lift stake

The company is producing uranium from the Lance Projects.
Peninsula Energy's substantial holder continues to lift stake
Global X now holds 7.46%, up from 6.40%

Peninsula Energy's (ASX:PEN) substantial holder, Global X Management Company Co LLC, has once again advised the company of an increased position.

Global X now holds 7.46%, up from 6.40%.

The company is producing uranium from the Lance Projects which have a mine life of at least 20 years, underpinned by 53.7 million pounds, the largest uranium ISR JORC-Code compliant resource in North America.


Share purchase plan underway

Peninsula currently has a share purchase plan open, offering $15,000 at $0.50 a share, the same price as the recent placement.

The company is expected to receive very strong interest as the offer is heavily in the money, with shares currently trading at $0.78.

View full PEN profile

Peninsula Energy Timeline

Newswire
December 06 2016

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