Sign up Australia
Proactive Investors - Run By Investors For Investors

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

Related Articles

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.
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."
Berkeley Energia and its Spanish uranium story
March 15 2017
Salamanca, says the group, will be one of the globe's top ten producers and among the lowest cost producers

© Proactive Investors 2017

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

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use