UraniumSA placement

UraniumSA has announced it has successfully arranged to raise $4 million before costs through the placement of 20 million fully paid ordinary shares at 20 cents each.

UraniumSA is pleased to announce it has successfully arranged to raise $4 million before costs through the placement of 20 million fully paid ordinary shares at 20 cents each.

The funds raised by the placement will be used to sustain the pace of regional exploration and the drill out of resources within the Mullaquana project tenement, and to commence exploration drilling in the Joint Venture ground to the south of the Mullaquana tenement.

BGF Equities Pty Ltd has managed the placement, which has been made to institutional and sophisticated investors.

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