Argonaut, as Co-Manager to the Placement, has been successful in raising £24.1 million for Berkeley Energia Limited (ASX/AIM: BKY) (“Berkeley” or “the Company”) via a capital raising to institutional and other investors at an issue price of 45 pence per share, together with Joint Bookrunners, Peel Hunt LLP and Tamesis Partners LLP.
Funds raised will be applied to accelerate the development of the Salamanca mine including funding the construction of the crushing circuit at the centralised processing plant.
Commenting on the successful completion of the placement, Berkeley Energia Managing Director, Paul Atherley said, “We are delighted with the strong institutional support for this financing which allows us to accelerate the development of the Salamanca mine. This successful financing is a positive endorsement of the Salamanca project, a US$100M project that will be Europe’s only major uranium mine and one of the world’s biggest producers.
We are extremely encouraged by the ongoing strong local support for the project and in return we continue to be absolutely committed to the rejuvenation of the local community. The Salamanca project will revitalise a region badly hit by long term unemployment, creating over 450 full time jobs and 2,000 indirect ones, once in full production.”
Argonaut is delighted to provide support to Berkeley and looks forward to continue working with the Company.
Additional information regarding Berkeley and the capital raising can be found on the Company’s website at www.berkeleyenergia.com.