Deep Yellow Limited - Share Purchase Plan Closed
06.07.2016 | ABN Newswire
Perth - Deep Yellow Ltd. (ASX:DYL) (OTCMKTS:DYLLF) (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 Ltd. (ASX:DYL) (PINK:DYLLF) is an ASX-listed, Namibian-focussed advanced stage uranium exploration company. It also has a listing on the Namibian Stock Exchange. Deep Yellow’s operations in Namibia are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd.
The Company is currently conducting metallurgical testwork and evaluating fast track development options for its Tumas/Tubas surficial calcrete palaeochannel deposits which are amenable to various physical beneficiation and upgrading techniques that have been successfully tested over the last four years.
Deep Yellow also holds the Omahola Open Pit Alaskite Heap Leach Project on which value engineering studies are being conducted to supplement the recently completed preliminary economic analysis.
Contact:
Deep Yellow Ltd.
Greg Cochran, Managing Director
Phone: +61-8-9286-6999
Email: info@deepyellow.com.au
www.deepyellow.com.au
