Deep Yellow Limited (ASX:DYL) Entitlement Offer Notice Letter Despatched

Entitlement Offer Notice Letter Despatched

Perth, May 9, 2017 AEST (ABN Newswire) - Deep Yellow Limited ('Deep Yellow' or the 'Company') (

DYLLF:OTCMKTS) advises the attached letter was sent to shareholders today, 9 May 2017 in accordance with the notice requirements for the recently announced non-renounceable entitlement offer (the Offer).

Through the Offer the Company is seeking to raise up to approximately $15,117,405 before expenses by issuing up to approximately 60,469,620 fully paid ordinary shares (Shares) at an issue price of $0.25 per Share on the basis of 7 Shares for every 15 Shares held on the record date and up to approximately 60,469,620 listed options on the basis of 1 free attaching option for every 1 Share issued. (Refer to the attached Notice Letter in the link below for full details of the Offer.)

As a reminder the following table sets out the key dates for the Offer.

-----------------------------------------------------------------------Event                                                 DateAnnouncement of Offer                                 5 May 2017Lodgement of Appendix 3B with ASX                     5 May 2017Prospectus lodged at ASIC and ASX                     5 May 2017Notice sent to Shareholders                           9 May 2017"Ex" Date (date Shares are quoted ex-rights)          10 May 2017                                                      5.00pm (WST), Record Date to determine Entitlements                 11 May 2017Prospectus (together with Entitlement and Acceptance Form) despatched to Shareholders           16 May 2017Opening Date                                          16 May 2017Closing Date                                          30 May 2017Shares quoted on a deferred settlement basis          31 May 2017Notification to ASX of under subscriptions            2 June 2017Allotment date with respect to Shares and Options     6 June 2017-----------------------------------------------------------------------

To view the Notice Letter, please visit:
http://abnnewswire.net/lnk/9H0426KH

About Deep Yellow Limited

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, leading uranium company producing 10+ Mlb pa. The Company's portfolio consists of two advanced projects in Tier-1 uranium mining jurisdictions - flagship Tumas in Namibia and Mulga Rock, Western Australia.

Deep Yellow's future growth is underpinned by its highly prospective exploration portfolio - Alligator River, Northern Territory and Omahola, Namibia with ongoing M&A focused on high quality assets should opportunities arise that best fit the Company's strategy. Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long-term to provide baseload power supply and achieve zero emission targets. Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.