Raising $15m at 3.1c. Participants in the Placement will receive one free attaching option for every two new Shares with an exercise price of $0.047 per option and a 2-year expiry.
Proceeds will be utilised as part of Alligator’s Field Recovery Trial at the Samphire Uranium Project to fund additional resource and exploration drilling at Samphire, discovery drilling at Big Lake Uranium Project, business development opportunities, general working capital and the costs of the Placement.
Hmmm feel like they have jumped the gun here and with a 22.5% discount to last traded price? You would think they could have pulled off 10% dicount with no options in the current market environment.
AGE Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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