Boss Energy launches $125m raising to fund mining restart at Honeymoon uranium project

Boss Energy launches $125m raising to fund mining restart at Honeymoon uranium project

Boss managing director Duncan Craib says the equity raising, along with the company’s existing cash reserves, will provide the funding required to develop Honeymoon through to the start of production. Boss Energy (ASX: BOE) has unveiled a $125 million equity raising to fund development and the restart of its Honeymoon uranium mine in South Australia to capitalise on the rising uranium price.

The company will undertake a $120 million two tranche placement, with the first tranche to comprise the issue of 42.8 million shares at $2.15 each to raise $92.1 million.

In the second tranche, the company will issue 13 million shares at $2.15 each to raise $27.9 million.

According to Boss, the $2.15 share price is a 11.2% discount to the previous closing price of $2.42 on the 15 March.It also represents a 17% discount to Boss’ five-day volume weighted average share price.Eligible Boss shareholders will be able to participate in […]

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