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Peninsula Energy Limited (ASX:PEN)
ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.245 -0.125 (-33.78%)+
Announcement
Release
9 Jun 2026 8:42AM
Price at Release
$0.370
Full Release
Summary
Peninsula Energy Limited announced the successful completion of its Retail Entitlement Offer, part of a fully underwritten A$36.1 million equity raising initiative. The offer aimed to raise A$6.9 million, receiving applications for A$2.7 million, with the shortfall to be covered by underwriters Canaccord Genuity and Shaw and Partners. The funds raised, including a US$30 million convertible debt facility arranged with Soul Patts, aim to strengthen Peninsula's financial position to support operations at the Lance Uranium Project.
Key Points
- Retail Entitlement Offer aimed to raise A$6.9 million
- Received applications for approximately A$2.7 million
- Shortfall to be covered by underwriters Canaccord Genuity and Shaw and Partners
- Total equity raising amounted to A$36.1 million
- US$30 million convertible debt facility with Soul Patts
- Funds to enhance financial flexibility for Lance Uranium Project operations
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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