Deep Yellow Limited (AU:DYL) has released an update.
Deep Yellow Limited has successfully completed the second tranche of its share placement, raising approximately A$79.5 million by issuing over 64 million new shares at A$1.225 each. The placement received the necessary shareholder approval and the new shares have been allocated to a mix of institutional, professional investors, and company directors. This capital raise is part of the company’s growth strategy and the shares are now fully traded on the Australian Securities Exchange.
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