Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) advises that, following Board approval for its FY20 program/budgets and the Company's recent successful capital raising, it is about to embark on an important year in the development of the Company.
Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.
Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) refers to its recently announced capital raising and is pleased to advise that, in addition to the successful $9 million placement (Placement), the Company's Share Purchase Plan (SPP) has closed.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) reminds shareholders, following a number of enquiries, that the Company's Share Purchase Plan is due to close this Friday 28 June 2019, in accordance with the timetable below.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to announce that further to the announcement on 4 June 2019, settlement of the $9 million placement has taken place. The Placement was very well received, with demand exceeding the funds the Company sought to raise through the Placement.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) provides the latest Company's presentation.
The Directors of Deep Yellow Limited ABN 97 006 391 948 (ASX:DYL) (OTCMKTS:DYLLF) are pleased to announce that the Company has received commitments from qualified, institutional, sophisticated and professional investors to raise approximately $9 million (before costs) through the issue of 29,032,258 fully paid ordinary shares in the Company at an issue price of $0.31 per Share.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to advise it has appointed New York-based investor relations firm, Columbus Circle Corporate Relations to represent the Company in North America. CCC has a combined experience of more than 50 years in this line of business and has strong ties to the investment, banking and media sectors internationally.
In March Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) announced an updated Mineral Resource Estimate for Tumas 1&2, Tumas 1 East and Tumas 3 West which has resulted in the combined Measured, Indicated and Inferred Mineral Resource Estimate over these deposits increasing to 67.4Mlb grading 352ppm eU3O8.
Deep Yellow Limited (ASX:DYL) is pleased to advise that Japan Oil, Gas and Metals National Corporation (JOGMEC), who are sole funding the Nova Joint Venture (Nova JV) in Namibia, have approved a program and budget of $1.05M over the next 12 months.
Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is pleased to report encouraging drilling results on EPL3497 where new continuous mineralisation has been identified in the Tumas 1 East palaeochannel area along Tributary 5.