Perth, 26 April 2016: Clayton Utz is advising Perth based ASX-listed uranium miner Peninsula Energy Limited (PEN) on its convertible loan arrangements with major shareholders Resource Capital Fund VI L.P. and Pala Investments Ltd for a total of US$15 million.
The funds received under the convertible loan facilities, together with funds raised from other financing alternatives currently being negotiated, will be used for well field ramp up activities and Stage 2 final engineering designs at the Lance Projects, resource development drilling and feasibility studies at the Karoo Projects in South Africa, and general working capital purposes.
Perth partners Matthew Johnson and Rohan Mishra are leading the Clayton Utz team.