Share Purchase Plan Closed
Perth, July 6, 2016 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (DYLLF:OTCMKTS) (Deep Yellow or the Company) is pleased to announce that the Company's Share Purchase Plan (SPP) closed on Friday 1st July 2016 with subscriptions for 188,150,000 ordinary shares.
The Company has instructed its share registry to allot and issue the SPP shares raising a total of $752,600.
"The Directors are very pleased with the support received from our shareholders" said DYL's Managing Director, Mr Greg Cochran. "The level of acceptances is very encouraging for our management team as we undertake further testwork on the Company's Tumas Project in Namibia with a view to advancing it to the next step, defining development parameters."
Following the issue of these shares the Company will have 2,135,927,004 shares on issue.
An Appendix 3b in respect of the shares issued and setting out relevant details can be viewed in the link below.
To view Appendix 3b, please visit:
http://abnnewswire.net/lnk/60ENI2HP
About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, Tier-1 uranium company to produce 10+Mlb p.a.
The Company's portfolio contains the largest uranium resource base of any ASX-listed company and its projects provide geographic and development diversity. Deep Yellow is the only ASX company with two advanced projects - flagship Tumas, Namibia (Final Investment Decision expected in 1H/CY24) and MRP, Western Australia (advancing through revised DFS), both located in Tier-1 uranium jurisdictions.
Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio - ARP, Northern Territory and Omahola, Namibia with ongoing M&A focused on high-quality assets should opportunities arise that best fit the Company's strategy.
Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long term to provide baseload power supply and achieve zero emission targets.
Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
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