SMH · general
Peninsula trims debt as lender backs equity swap for US uranium project
1 hour ago
Peninsula Energy Limited reduced its debt by US$4.1 million through an equity swap on Tuesday, converting part of its convertible loan facility. The company issued approximately 19.8 million new shares at A$0.30 each, in line with its broader funding strategy. This move enhances its balance sheet as it ramps up production at the Lance uranium project in Wyoming.
Summary by Glance · Original reporting by SMH
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