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Peninsula Energy rewards Wayne Heili with unlisted options

Peninsula delivered positive free cash flow during the June quarter 2017.
Peninsula Energy rewards Wayne Heili with unlisted options
Peninsula has found an opportunity in a low uranium price environment

Peninsula Energy Ltd (ASX:PEN) is a uranium producer from its Lance Projects in the U.S., and under a recent management transition process,  Wayne Heili was appointed managing director and chief executive officer.

Heili is approaching his six-month anniversary and the board has recognised this contribution by resolving to grant 900,000 unlisted $0.50 options which will vest in equal proportions over a 3 year period.

READ NOW: Peninsula delivers positive free cash generation from uranium sales

Peninsula‘s wholly-owned subsidiary Strata Energy Inc. began in-situ uranium recovery operations from the Ross Permit Area at Lance in December 2015.

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