ASX-listed Alligator Energy will raise A$25.5-million in a share placement to institutional and sophisticated investors to fund work at its Samphire uranium project, in South Australia. The company on Wednesday said it had received firm commitments for the placement of 491-million shares, at a price of 5.2c each, with one free attaching option to be issued for every two new shares, exercisable at 7.8c a share and with a two-year expiry date.
PERTH – ASX-listed Alligator Energy will raise A$25.5-million in a share placement to institutional and sophisticated investors to fund work at its Samphire uranium project, in South Australia.
The shares will be issued under Alligator’s existing placement capacity, and will not require shareholder approval. In addition to the share placement, Alligator will also undertake a share purchase plan , aimed at raising a further A$3-million, and also priced at 5.2c each. The SPP will open on September 26 and close on October 17.
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