Deep Yellow Limited (ASX: $DYL) has successfully completed Tranche 2 of the Placement, issuing 64,738,565 ordinary fully paid shares to qualified investors and Directors at A$1.225 per Share, raising approximately A$79.5M before costs.
The completion of Tranche 2 Placement marks a significant milestone for Deep Yellow Limited. We are pleased with the successful issuance of shares, which reflects the confidence and support from our qualified, institutional, sophisticated, and professional investors. The funds raised will further strengthen our financial position and support the Company's strategic initiatives. We appreciate the ongoing commitment and participation of our Directors in this Placement, demonstrating their belief in the long-term prospects of Deep Yellow Limited.
Deep Yellow Limited (ASX: $DYL) has concluded the successful issuance of 64,738,565 ordinary fully paid shares under Tranche 2 of the Placement, raising approximately A$79.5M before costs. The completion of this Placement enhances the Company's financial resources, providing a solid foundation for pursuing its corporate objectives. With the support of qualified investors and Directors, Deep Yellow Limited is well-positioned to execute its strategic plans and drive sustainable growth. The Company remains focused on advancing its projects and maximizing value for its stakeholders, leveraging the proceeds from the Placement to propel its initiatives forward.