The funds raised under the Rights Issue will primarily be used for:
• Four Mile Uranium Project November 2014 cash call (due in December) to maintain its participating interest in the Project.
• Costs awarded to Quasar and Heathgate in 2012 and 2013 in the Court proceedings commenced by Alliance concerning access to books, records and agreements pertaining to the Four Mile Joint Venture which are currently the subject of assessment by the Court
• Costs of the Offer
• General working capital, including legal fees in relation to matters currently before the Court
AGS Price at posting:
10.5¢ Sentiment: Sell Disclosure: Held