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Peninsula Energy closes heavily oversubscribed share purchase plan

Peninsula is producing uranium from the Lance Projects.
Peninsula Energy closes heavily oversubscribed share purchase plan
Peninsula to soon outline allocations

Peninsula Energy (ASX:PEN) has been swamped by existing shareholders wanting to participate in the company's share purchase plan (SPP).

The SPP was priced at $0.50, the same as a price as the recent placement, and a recent increase in the uranium price had the offer trading in-the-money.

Peninsula last traded at $0.67.

The underwritten SPP was for A$6.5 million, and was heavily oversubscribed attracting 1340 applications for circa A$15.47 million.

A scale back is expected, with details to come.

The issue date for the SPP shares is 13 March 2017.

View full PEN profile

Peninsula Energy Timeline

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