TAURUS MINERALS INC

Type: Company
Name: TAURUS MINERALS INC
First reported Aug 26 2014 - Updated Aug 27 2014 - 1 reports

Deep Yellow raising $3M for uranium in Namibia

Deep Yellow  ( ASX:DYL ) has received firm commitments from sophisticated and institutional investors for a $3 million share placement at $0.017.   The placement will place  Deep Yellow  in a sound position for the medium term, and will be used to progress ... [Published Proactiveinvestors United Kingdom website - Aug 26 2014]

Quotes

"Paladin has conducted an exhaustive and wide ranging process, which we are delighted to have concluded with the introduction of one of the world's leading nuclear industry participants into our world class Langer Heinrich project. The significant cash injection from this minority interest sale will largely be applied to debt reduction, which the board considers an essential step during a time of unprecedented low uranium prices. This will help stabilise the company, establishing an incredibly strong platform that will enable us to maximise the value of our assets and ensure increased production of much needed uranium once the price is sufficient to support the planned future growth of nuclear energy in China and elsewhere" said CEO of Paladin, John Borshoff

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Deep Yellow raising $3M for uranium in Namibia [Published Proactiveinvestors United Kingdom website - Aug 26 2014]
Chinese Buy Stake in Langer Heinrich... [Published AllAfrica.com - Jan 21 2014]
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Deep Yellow raising $3M for uranium in Namibia [Published Proactiveinvestors United Kingdom website - Aug 26 2014]
Deep Yellow  ( ASX:DYL ) has received firm commitments from sophisticated and institutional investors for a $3 million share placement at $0.017.   The placement will place  Deep Yellow  in a sound position for the medium term, and will be used to progress ...
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