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DEEP YELLOW LIMITED — Capital/Financing Update 2013
Aug 22, 2013
64808_rns_2013-08-22_77bbc7ed-447a-499c-9c57-ecc946c1929c.pdf
Capital/Financing Update
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ASX Announcement
ASX: DYL
23 August 2013
Termination of Unmarketable Parcel Facility
Deep Yellow Limited (ASX: DYL) advises that the Unmarketable Facility which the Company had put in place earlier this year has been terminated.
The Company had announced earlier this year that an Unmarketable Parcel Facility would be put in place to assist holders of unmarketable parcels sell their holdings. The Company has elected not to proceed with the Facility given the state of the capital markets and the likely ultimate returns to shareholders.
For further information regarding this announcement, contact:
Mark Pitts Phone: +61 8 9286 6999 Company Secretary Email: [email protected]
For further information on the Company and its projects - visit the website at www.deepyellow.com.au
About Deep Yellow Limited
Deep Yellow Limited is an ASX-listed, Namibian-focussed advanced stage uranium exploration company. It also has a listing on the Namibian Stock Exchange.
Deep Yellow’s operations in Namibia are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). Its flagship is the Omahola Project currently under Pre-Feasibility Study with concurrent resource drill-outs on the high grade Ongolo Alaskite – MS7 trend. It is also evaluating a stand-alone project for its Tubas Sand uranium deposit utilising physical beneficiation techniques it successfully tested in 2011.
In Australia the Company owns the Napperby Uranium Project and numerous exploration tenements in the Northern Territory and in the Mount Isa District in Queensland.
Level 1, 329 Hay Street, Subiaco, WA 6008 / PO Box 1770, Subiaco, WA 6904 Tel : 61 8 9286 6999 / Fax : 61 8 9286 6969 / ABN 97 006 391 948 Email: [email protected] / Website: www.deepyellow.com.au