PERTH (miningweekly.com) – ASX- and TSX-listed Bannerman Resources was hoping to raise up to A$2-million through a share purchase plan (SPP), announced on Thursday.
The SPP would allow eligible shareholders to subscribe for up to A$15 000 of new shares, priced at 5.2c each. The SPP would open on March 11, and would close on April 2.
Bannerman said that funds raised would be used to operate the Etango uranium heap leach demonstration plant, in Namibia, and for working capital purposes.
The demonstration plant was set for completion later this year.