A$1.3 MILLION PRIVATE PLACEMENT
Uranium and energy company Dynasty Metals Australia Ltd (ASX: DMA) (“Dynasty”)
today announced that it has agreed to issue 5,000,000 shares at a price of $0.26 per
share to institutional and sophisticated investors to raise A$1,300,000.
This increases the Company’s issued capital to 38.5 million shares. Appendix 3B will
follow.
The funds raised will be used to accelerate exploration activities and advance Dynasty’s
growing energy portfolio. The Company is focused on uranium exploration in Western
Australia, the Northern Territory and Botswana (upon grant).
Dynasty Metals Managing Director Rita Brooks said; “This placement enables us to
move more aggressively on our uranium targets and capitalise on strong sector growth.”
“Supplementing these plans, we continue to develop a suite of projects across Australia,
including Coal Seam Gas,” Ms Brooks said.
An extensive seismic program will commence this weekend over the recently granted
Special Prospecting Authority (SPA) for Coal Seam Gas in the North Perth Basin.
A$1.3 MILLION PRIVATE PLACEMENTUranium and energy company...
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