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Peninsula Energy opens in-the-money share purchase plan

The company is seeking to raise $6.5 million from the offer, which is underwritten.
Peninsula Energy opens in-the-money share purchase plan
Offer closes 3 March 2017

Peninsula Energy (ASX:PEN) has now opened its in-the-money share purchase plan, offering shares at $0.50, which is the same price as the recent placement.

Peninsula shares last traded at $0.78, with recent strong gains due to the uranium price increasing by around one-third.

Eligible shareholders can apply for either of the following denomination parcels: $2,500, $5,000, $7,500, $10,000, $12,500 or $15,000.

Peninsula added that applications may be scaled back based on demand, as the offer is seeking to raise $6.5 million.

Key details:

- Offer closes: 5.00 pm (Perth time) 3 March 2017.
- Issue of new shares: 13 March 2017.
- Quotation of new shares on ASX: 14 March 2017.
- Dispatch of holding statements: 14 March 2017.

View full PEN profile

Peninsula Energy Timeline

December 06 2016

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