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() is offering shareholders more time to consider its $28.7 million retail entitlement offer due to delays in postal delivery times of the Prospectus over the New Year holiday period.
The fully underwritten offer is part of a broader $69.4 million raising to complete construction of Stage 1 of the Lance Uranium Projects in Wyoming.
Peninsula has already received $16.8 million of this funding through a placement priced at $0.02 to Resource Capital Fund VI and completed the A$23.9 million accelerated institutional component of its renounceable entitlement offer.
This will allow the company to commence uranium production and achieve positive cashflow in the second year.
Peninsula is offering shareholders 0.615 new shares priced at $0.02 for every share held. This includes one free attaching option for every two shares subscribed.
The offer now closes on 30th January 2015.
In December Peninsula secured an additional uranium concentrate sale and purchase agreement with a major U.S. power utility from 2016 to 2024.
Together with the existing 2011 sale & purchase contract the company will deliver up to almost 2 million pounds of U3O8 through to 2024.
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