Energy Ventures (ASX: EVE) is looking to move forward the ongoing technical assessment of the Aurora uranium deposit in the United States with a $1.6 million capital raising closing soon.Funds from the raising will mainly be put towards Feasibility Studies on the Aurora Project, located in Oregan, U.S.
The company is undertaking a incompletely underwritten non-renounceable rights issue, offering 1 new share for every 7.5 shares held at an issue price of $0.035.This is a 15% discount to the company’s recent share price.Up to $750,000 of the Rights Issue is underwritten.
All Energy Ventures shareholders who are registered as at 5pm (AEDT) on 9 February 2012 and who have a registered address in Australia or New Zealand can contribute in the Aurora metallurgical results. Initial results from metallurgical testing at Aurora illustrate that the project has potential for well-organized removal of internal waste with minimal uranium losses.
No comments:
Post a Comment