January 31, 2024
Peninsula Energy Ltd. (ASX:PEN, OTCQB:PENMF, Not Rated, David A. Talbot) has completed a Securities Purchase Plan (SPP) for gross proceeds of A$10M by issuing 133.3M SPP shares at A$0.075/SPP share. Each SPP share consists of one common share and half an option exercisable at A$0.10. Combined with an earlier A$50M private placement of 666.7M common shares, the company has raised total gross proceeds of A$60M. This should cover a significant part of the estimated US$53.4M (~A$80M) remaining capex required to implement the LoM plan (read note) and Peninsula is well-placed to start production in Dec/24. Read more
Company Specific Disclosure Details
Peninsula Energy Ltd. – ASX:PEN – 1,2,3
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