Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

$1.1M Placement to Advance Lyndon Uranium Project

by admin September 30, 2024
September 30, 2024
$1.1M Placement to Advance Lyndon Uranium Project

Odessa Minerals Limited (ASX:ODE) (“Odessa” or “the Company”) is pleased to announce it has received firm commitments from professional and sophisticated investors for a Placement to raise $1,112,500 (before costs) (“Placement”) by way of a two tranche placement of fully paid ordinary shares (“New Shares”).

Highlights:

Oversubscribed Placement to sophisticated investors raises $1.1M via two tranche placementProceeds to be utilised to continue exploration and drilling the Lyndon Uranium project, including key targets at Relief Well and Baltic Bore.

Tranche 1 comprising of 225 million New Shares will be issued immediately utilising the Company’s existing placement capacity under ASX Listing Rule 7.1/7.1A. Tranche 2 comprises 331.25 million New Shares which are subject to shareholder approval at the Company’s AGM in November, including a subscription by Non- Executive Chairman Mr Zane Lewis for $100,000 of New Shares.

The issue price of A$0.002 per New Share represents a discount of nil to the last closing price of $0.002 on 25 September and a 23.9% discount to the 15-day volume weighted average price of $0.0263.

Proceeds from the Placement will be utilised to continue exploration at Odessa’s projects including:

Exploration and drilling of the Company’s Lyndon Uranium ProjectGeneral working capital purposes.

Zane Lewis, Chairman of Odessa, said: “I am very pleased to receive commitments for $1.1M from highly supportive group of long term investors, who share our vision at Odessa. This placement will ensure Odessa is well funded for the upcoming exploration and drilling program at Lyndon.”


Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
CleanTech Lithium PLC Announces Interim Results
next post
Lithium Universe LtdBecancour Lithium Refinery – Preliminary Feasibility Study

Related Posts

Crypto Market Recap: Senator Cruz Supports Bitcoin Mining...

April 3, 2025

AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK...

May 15, 2025

8 Surgical Robotics Stocks

September 25, 2024

Pan American to Buy MAG Silver in US$2.1...

May 13, 2025

Seismic Disruptions Could Cost Copper and Rhenium Industries...

July 20, 2024

Top 3 Canadian Biotech Stocks of 2024

July 4, 2024

RUA GOLD Closes C$5.75 Million Brokered Offering Including...

February 21, 2025

Element79 Gold Corp. Announces AGSM Results and Director...

September 25, 2024

Alvopetro Announces Upcoming Investor Conference

October 18, 2024

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 19, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • ‘Doctor Strangelove with a mustache’: Bolton blasted for ‘profiteering’ off US secrets by White House advisor

      August 27, 2025
    • EPA urged to axe funds for ‘radical’ climate project accused of training judges, state AGs rally

      August 27, 2025
    • Bolton may be in hot water as FBI investigation expands beyond controversial book

      August 27, 2025
    • EPA urged by state AGs to axe funds for ‘radical’ climate project accused of training judges

      August 27, 2025
    • Intel rival SkyWater pitches itself as all-American firm as Trump mulls more equity deals

      August 27, 2025

    Categories

    • Business (1,083)
    • Investing (2,915)
    • Politics (3,567)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved