Entitlement Offer Notice Letter Despatched
Perth, May 9, 2017 AEST (ABN Newswire) - Deep Yellow Limited ('Deep Yellow' or the 'Company') (
ASX:DYL) (DYLLF:OTCMKTS) advises the attached letter was sent to shareholders today, 9 May 2017 in accordance with the notice requirements for the recently announced non-renounceable entitlement offer (the Offer).
Through the Offer the Company is seeking to raise up to approximately $15,117,405 before expenses by issuing up to approximately 60,469,620 fully paid ordinary shares (Shares) at an issue price of $0.25 per Share on the basis of 7 Shares for every 15 Shares held on the record date and up to approximately 60,469,620 listed options on the basis of 1 free attaching option for every 1 Share issued. (Refer to the attached Notice Letter in the link below for full details of the Offer.)
As a reminder the following table sets out the key dates for the Offer.
-----------------------------------------------------------------------Event DateAnnouncement of Offer 5 May 2017Lodgement of Appendix 3B with ASX 5 May 2017Prospectus lodged at ASIC and ASX 5 May 2017Notice sent to Shareholders 9 May 2017"Ex" Date (date Shares are quoted ex-rights) 10 May 2017 5.00pm (WST), Record Date to determine Entitlements 11 May 2017Prospectus (together with Entitlement and Acceptance Form) despatched to Shareholders 16 May 2017Opening Date 16 May 2017Closing Date 30 May 2017Shares quoted on a deferred settlement basis 31 May 2017Notification to ASX of under subscriptions 2 June 2017Allotment date with respect to Shares and Options 6 June 2017-----------------------------------------------------------------------
To view the Notice Letter, please visit:
http://abnnewswire.net/lnk/9H0426KH
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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