Deep Yellow Limited (AU:DYL) has released an update.
Deep Yellow Limited’s Share Purchase Plan (SPP) has closed significantly oversubscribed, with applications totaling approximately A$45M against a target of A$30M. The company will proceed with a pro-rata scale-back due to the oversubscription. This capital raise, coupled with a recent A$220M placement, will fund the development of its uranium projects in Namibia and Western Australia.
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