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DEEP YELLOW LIMITED — Capital/Financing Update 2014
Jul 22, 2014
64808_rns_2014-07-22_b8bf89c5-7758-4424-8425-1b255bdf586a.pdf
Capital/Financing Update
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23 July 2014
ASX ANNOUNCEMENT
NON RENOUNCEABLE ENTITLEMENT ISSUE CLOSED
Advanced stage uranium explorer Deep Yellow Limited (‘Deep Yellow’ or the ‘Company’) (ASX:DYL) is pleased to confirm that the Company’s 1 for 8 Non Renounceable Entitlement Issue closed on 18 July 2014.
The Company has received applications for shares to be issued under the Entitlement Issue of 89,013,543 ordinary fully paid shares at 1.7 cents each to raise a total of $1,513,230.23.
“In light of current market conditions the Directors are very pleased with the support received from our shareholders” said DYL’s Managing Director, Mr Greg Cochran. The level of acceptances at approximately 44% of available entitlements is very encouraging for our management team as we cautiously progress our projects in Namibia.”
The Directors are currently considering allocation of the balance of 113,118,169 shortfall shares and will advise the market in due course.
Subject to the clearance of funds, the Company’s share registry will be instructed to attend to allotment and issue for initial acceptances on Friday 25 July 2014.
Yours faithfully
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MARK PITTS Company Secretary
Level 4, 502 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