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.
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