Peninsula seeks $40M at deep discount to destroy debt

PENINSULA Energy is going all-in in the wake of US president Donald Trump’s backing for the nuclear sector by raising A$40.3 million, and Canaccord Genuity is along for the ride, underwriting a massive capital raising that exceeded the junior’s most recent market capitalisation.

Peninsula seeks $40M at deep discount to destroy debt Peninsula seeks $40M at deep discount to destroy debt Peninsula seeks $40M at deep discount to destroy debt Peninsula seeks $40M at deep discount to destroy debt Peninsula seeks $40M at deep discount to destroy debt

Lance needs around six months to resume production as soon as the markets are there.

The nine-for-five renounceable entitlement offer will wipe out Peninsula's $26 million in debts to Resource Capital Fund, Pala Investments and Collins Street Value that almost undid the company last

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