Global Uranium and Enrichment Limited (ASX:GUE) Secures $1.8 Million Placement
Placement Details
Global Uranium and Enrichment Limited (ASX: GUE) has successfully secured binding commitments to raise $1.8 million through a placement of approximately 29 million new fully paid ordinary shares at an issue price of $0.062 each. The placement will be conducted under the Company’s available placement capacity as per ASX Listing Rules 7.1 and 7.1A. Settlement for the placement is anticipated to occur on 23 January 2025, with the new shares ranking equally with existing shares.
Use of Funds
The funds raised will be directed towards a review and due diligence on complementary uranium assets, the staking of new claims, annual payments on current projects, and general working capital. Global Uranium is also involved in advanced discussions regarding possible acquisitions and joint ventures related to funding and exploration of assets. However, no binding agreements have yet been secured, indicating some uncertainty regarding the completion of these transactions.
Executive Comments
Andrew Ferrier, Managing Director of Global Uranium, expressed gratitude to new investors and ongoing support from current shareholders. He stated, “Looking ahead, we are excited by the opportunities in front of us as we continue to unlock the potential of our uranium portfolio and deliver shareholder value.”
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