🕐14.06.13 - 02:54 Uhr

URANEX LIMITED [ASX: UNX] - 100% OF OPTIONS SHORTFALL SUBSCRIBED





Fortbridge Media Release

Uranex Limited [ASX: UNX] - 100% of options shortfall subscribed

Uranex Limited (ASX: UNX) has advised that under the terms of the Prospectus dated 17 April 2013, the Board has placed the remaining 168,270,307 options, at an issue price of $0.01 each, to investors who include sophisticated, professional and investors with a connection to the Company.

The sum raised from the shortfall placement amounts to $1.68 million thus the total amount raised from the Rights Issue will be $2.12 million before costs.

Rod Chittenden, the CEO, commented that, “the Company is delighted to now be fully funded from what has been a very difficult market environment. These funds will be utilised during the current exploration season at the companys highly prospective Nachu Graphite Project in Tanzania.”

An update on the details of the next exploration phase will be released to the market late next week.

Please see the link below for more details.

For further information, please contact:

Rod Chittenden
Chief Executive Officer
Tel: + 61 (0)3 9621 1533

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