Cauldron Receives Firm Commitments for Placement and Fully Underwritten Rights Issue to Raise circa $2.268 Million Highlights • Cauldron has received firm commitments to raise up to $637,922 via a Placement at $0.007 per share • Placement supported by sophisticated and professional investors • Cauldron has entered into an underwriting agreement to raise an additional $1,630,244 via a fully Underwritten Rights Issue also at $0.007 per share • Cauldron has appointed Mr Jonathan Fisher as Chief Executive Officer – refer separate ASX announcement of earlier today • Cauldron has refreshed its management team and will concentrate on executing a strategy focussed around its Yanrey Uranium Project which is host to the Bennet Well Uranium Deposit, the fifth largest undeveloped uranium deposit in Western Australia, and which is amenable to ISR leaching.
CXU Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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