Bannerman Resources' (ASX:BMN) recent $2 million capital raising bore fruit as shareholder Resource Capital Fund VI L.P invested a further $860,000 to add 16,538,461 shares to its 21.05% holding.
RCF VI took up its holding as part of the share purchase plan and took advantage of a shortfall to take its holding to 77,648,273 shares in Bannerman Resources.
The raising, which was struck at $0.052 per share will be used to operate the Heap Leach Demonstration Plant recently constructed by Bannerman at its 80% owned Etango Uranium Project.
The project is one of the largest globally undeveloped uranium deposits, located in Namibia near to Rio Tinto’s (ASX:RIO) Rössing uranium mine, Paladin Energy’s (ASX:PDN) Langer Heinrich uranium mine and CGNPC’s Husab uranium mine - under construction.
First test results from the demonstration plant are due in the June 2015 quarter and should provide a barometer of progress and also be watched closely by potential joint venture partners and investors, alike.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.41 |
Change
-0.090(2.57%) |
Mkt cap ! $700.4M | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.50 | $3.36 | $3.521M | 1.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2871 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.44 | 2000 | 1 |
View Market Depth
| Last trade - 16.11pm 12/09/2025 (20 minute delay) ? |
| BMN (ASX) Chart |