Perth, May 9, 2017 AEST (ABN Newswire) - Deep Yellow Limited ('Deep Yellow' or the 'Company') (ASX:DYL) (OTCMKTS:DYLLF) 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                                                 Date
Announcement of Offer                                 5 May 2017
Lodgement of Appendix 3B with ASX                     5 May 2017
Prospectus lodged at ASIC and ASX                     5 May 2017
Notice 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 2017
Prospectus (together with Entitlement and 
Acceptance Form) despatched to Shareholders           16 May 2017
Opening Date                                          16 May 2017
Closing Date                                          30 May 2017
Shares quoted on a deferred settlement basis          31 May 2017
Notification to ASX of under subscriptions            2 June 2017
Allotment date with respect to Shares and Options     6 June 2017

To view the Notice Letter, please visit:

About Deep Yellow Limited

Deep Yellow Limited ASX DYLDeep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) Namibian-focussed advanced stage uranium exploration company. It also has a listing on the Namibian Stock Exchange (NSX.DYL). Deep Yellow's operations in Namibia are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd.

The Company recently completed metallurgical testwork and is evaluating fast track development options for its Tumas Project which consists of surficial calcrete palaeochannel deposits which are amenable to physical beneficiation and upgrading techniques.

Deep Yellow also holds the Omahola Open Pit Alaskite Heap Leach Project on which value engineering studies are being conducted to supplement the recently completed preliminary economic analysis.



John Borshoff
Managing Director/CEO
T: +61-8-9286-6999
F: +61-8-9286-6969

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