 | | Uranio Limited finalised its Initial Public Offering having successfully raised $4,586,000 and listed on 29 January 2008 |
| | | |
| | Former Summit Resources Limited Managing Director Alan Eggers and Minvest Securities (New Zealand) Limited (a key resources investment fund managed and advised by Alan Eggers) have taken a combined key cornerstone investment of 16.8% of Uranio Ltd. |
| | | |
| | Alan Eggers has agreed, through his consulting company, Wesmin Consulting Pty Ltd, to provide professional, geological and corporate services to Uranio Ltd. |
| | | |
| | In addition to these cornerstone investors, Deep Yellow Limited will hold a 9.8% interest in Uranio Ltd. |
| | | |
| | Dr Robert Wrixon appointed as Managing Director |
| | | |
| | First pass drill program at Siccus Project completed in March 2008 |
| FAST FACTS: |
CAPITAL STRUCTURE |
| Target Subscription: | | Shares |
|
| Founders/Directors | | 5,000,000 |
| Sees/Others | | 7,500,000 |
| Shares issued to Deep Yellow | | 3,849,379 |
| Shares issued pursuant to Prospectus | | 22,930,000 |
|
| Total Issued Capital | | 39,279,379 |
|
| Options: | | Exercise Price |
|
5,000,000 Founder Options
(expiry 30/06/10) | | $0.20 |
3,849,379 Vendor Options
(expiry 21/01/12) | | $0.20 |
| Market Capital: | | |
|
| At offer price of $0.20 per share | | $7,855,876 |
| Net cash following completion of offer | | $4,100,000 |
DIRECTORS |
|
| Dr Robert C Wrixon | | Managing Director |
| Mr Marcello Cardaci | | Chairman |
| Mr David Riekie | | Non-Executive Director |
INVESTMENT HIGHLIGHTS
+ A 70% interest in a joint venture with Deep Yellow Limited over three uranium projects.
+ A 70% interest in the existing Siccus Joint Venture.
+ Highly prospective for uranium based on geological proximity to delineated uranium deposits.
+ Experienced Board with a strong resource focus.
+ Uranium industry experience, expertise and backing.
+ 52.2% cash backing on listing.
SUMMARY OF IMPORTANT DATES
Listing Date Tuesday, 29 January 2008
OVERVIEW OF PROJECTS |
| Project | Location | Exploration Model |
|
| Siccus JV | SA | Sandstone Uranium Deposit |
| Ponton North | WA | Sandstone/Lignite Uranium |
| Anketell | WA | Sandstone Uranium Deposit |
| Gardner Range | WA | Unconformity Uranium Gold |
| | | Proterozoic Gold Deposits |