ASX:PEN

3 stories mentioning ASX:PEN

Every FINWIRES story that references ASX:PEN, newest first.

Peninsula Energy Executes Definitive Agreement for $30 Million Debt Facility With Soul Patts Affiliate

Peninsula Energy (ASX:PEN) executed a definitive investor facility agreement with SP Financing, an affiliate of Soul Patts (ASX:SOL), giving effect to the terms of its previously announced $30 million senior secured convertible note debt facility, according to a Wednesday Australian bourse filing.The company said the terms of the facility agreement are materially consistent with those previously announced and detailed in its prospectus and notice of meeting, with drawdown of the $30 million remaining subject to customary conditions precedent being satisfied before July 31, the filing added.Peninsula Energy's shares fell past 1% in recent Wednesday trade, while Soul Patts' shares added about 1%.

ASX:PENASX:SOL

Asia32d ago

Peninsula Energy Obtains $56 Million Funding Package to Support US Uranium Project

Peninsula Energy (ASX:PEN) secured a $56 million financing package to fast-track mine development and production expansion at its flagship Lance uranium project in Wyoming, according to a Thursday filing with the Australian bourse.The package includes a fully underwritten institutional placement for the issuance of about 62.4 million shares at a price of AU$0.35 each to raise about AU$21.8 million, as well as a one-for-11 accelerated entitlement offer to eligible shareholders at the same share price to generate up to AU$14.2 million.It also includes a binding commitment from Washington H. Soul Pattinson for a $30 million convertible note debt facility, per the filing. The facility contains conversion rights that permit Washington H. Soul Pattinson to convert the debt into Peninsula shares at a price of A$0.35 each.Washington H. Soul also provided a firm commitment for up to AU$14.4 million in the equity raising by Peninsula, the company said.

ASX:PEN

Asia61d ago

Peninsula Energy Says Citigroup Becomes Substantial Holder

Peninsula Energy (ASX:PEN) received notice that Citigroup Global Markets Australia and its affiliated entities became a substantial holder of the company on Monday, according to a Wednesday filing with the Australian bourse.Citigroup now owns 25.9 million shares in the company, representing a 5.79% total voting power, the filing said.The company's shares rose 1% in recent Wednesday trade.

ASX:PEN