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Peninsula Energy invites shareholders to information sessions during November

Peninsula continues to advance the transition of its Lance Projects in Wyoming, USA, from an alkaline ISR operation to a low pH ISR operation.

Peninsula Energy Ltd - Peninsula Energy invites shareholders to information sessions during November
The company’s key asset is its Lance Projects in the US state of Wyoming

Peninsula Energy Ltd (ASX:PEN) has invited shareholders and prospective shareholders to attend information sessions that will be held by the company during November 2019.

Managing director and CEO Wayne Heili will host the information sessions and will provide shareholders with an update on the company and its operations at the Lance Projects in Wyoming, USA.

This will include progress on the transition to low pH operations at the Lance Projects as well as an update on the uranium market.

Finance director and CFO David Coyne will accompany Heili at the information sessions and will also be available to answer any questions.

Information session dates and times

  • Sydney – Tuesday, November 12, 2019

         - Time: 2.00pm – 3.00pm (AEST)

         - Address: Sofitel Sydney Wentworth – Canberra Room 61-101 Phillip St, Sydney NSW 2000

          - (Afternoon tea provided)

  • Melbourne – Wednesday, November 13, 2019

       - Time: 2.00pm – 3.00pm (AEST)

        - Address: The Westin Melbourne – Westin Room IV 205 Collins St, Melbourne VIC 3000

        - (Afternoon tea provided)

  • Perth – Friday, November 15, 2019

       - Time: 11.00am – 12.00pm (AWST)

       - Address: Parmelia Hilton Perth – Karri Room 14 Mill St, Perth WA 6000

        - (Morning tea provided)

To register your attendance, please send an email to [email protected] including your name, contact number and the session that you wish to attend.

Debt restructure

Peninsula has recently agreed terms for a proposed restructure of the existing US$17 million convertible note facilities.

These terms include a planned significant reduction to the principal outstanding and an extension of the repayment date for the balance owing to 22 April 2021.

Peninsula will repay most outstanding loans through a partial monetisation of its contract regarding uranium concentrate sales and purchases worth around US$10-11 million.

If the contract monetisation completes by April 30, 2020, the repayment date of residual debt will be extended to April 22, 2021.

Quick facts: Peninsula Energy Ltd

Price: 0.17 AUD

ASX:PEN
Market: ASX
Market Cap: $50.23 m
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Watch

Peninsula Energy reviews highlights of the September quarter

Peninsula Energy Ltd (ASX:PEN) managing director and CEO Wayne Heili outlines the achievements made by the uranium producer during the quarter. The producing Lance Projects in Wyoming are expected to be the first US uranium ISR project authorised to use an industry-leading method, which will...

on 12/11/19

2 min read