Okapi raising $2m to advance US and Canadian uranium projects

‘$2m if I can lick my own eyeball? You’re on.’ Picture: Getty Images share

Okapi has received strong backing from new and existing institutional and sophisticated investors for a placement to fund uranium development in the US and drilling in Canada.

The company received binding commitments for the $2m placement of about 10.5 million new shares priced at 19c each that includes one free attaching option exercisable at 30c and expiring on 19 July 2024 for every two shares subscribed.

Proceeds will be used to progress development of the Tallahassee uranium project in Colorado, which has a resource of 48.9Mlbs of U3O8, and preparatory drilling at the Newham Lake and Perch projects in Canada’s Athabasca Basin.The placement will be carried out under Okapi Resources’ (ASX:OKR) existing placement capacity with settlement expected on Friday, 4 November 2022.“We are pleased at the support we received from shareholders and welcome a number of […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.