Australia: Clayton Utz advising Peninsula Energy on US$15 million convertible loan facility
Last Updated: 29 April 2016

Perth, 26 April 2016: Clayton Utz is advising Perth based ASX-listed uranium miner Peninsula Energy Limited (PEN) on its convertible loan arrangements with major shareholders Resource Capital Fund VI L.P. and Pala Investments Ltd for a total of US$15 million.

The funds received under the convertible loan facilities, together with funds raised from other financing alternatives currently being negotiated, will be used for well field ramp up activities and Stage 2 final engineering designs at the Lance Projects, resource development drilling and feasibility studies at the Karoo Projects in South Africa, and general working capital purposes.

Perth partners Matthew Johnson and Rohan Mishra are leading the Clayton Utz team.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Dean Gerakiteys
By Frank Bannon
By Tosin Aro, Mark Geritz
By Meg McKechnie
By Sergio Capelli
By David Foong, Ken Ooi, Samy Mansour, Brad Vann
By Chris Boge, Daniel Maroske
By Luke Buchanan, Hayden Fielder
By Claire Smith, Lauren Smith
By Michael Richardson, Tim Jones, Anna Trevor
Tools
Print
Font Size:
Translation
Channels