Total
0
Shares
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Boss Energy (BOE) has entered a trading halt to consider, plan and execute a capital raising
  • The company will remain in the halt until March 29 or when more details regarding the raise are released, whichever occurs first
  • Earlier in the month, Boss Energy announced its enhanced feasibility study (EFS) for its Honeymoon Uranium Project in Adelaide is 75 per cent completed
  • The aim of the EFS is to significantly reduce the operating costs of the project and work is expected to be completed by May
  • Shares in Boss Energy last traded at 15.5 cents on March 24

Boss Energy (BOE) has entered a trading halt to consider, plan and execute a capital raising.

The company will remain in the halt until March 29 or when more details regarding the raise are released, whichever occurs first.

Boss Energy is yet to disclose how much it intends to raise or what it will be doing with the funds once received.

Earlier in the month, Boss Energy announced its enhanced feasibility study (EFS) for its Honeymoon Uranium Project in Adelaide is 75 per cent completed.

The aim of the EFS is to significantly reduce the operating costs of the project.

The study is also aiming to incorporate cost and operational improvements identified in the 2020 feasibility study.

The EFS is on track to be finished in May for internal review.

Boss Energy last tapped investors for cash in October 2020 in regards to a $15 million placement.

The funds were raised through the issue of 225 million shares to domestic and international investors at 6.7 cents.

The company used the funds to process evaluation studies and exploration activities, and pay care and maintenance costs and general working capital.

Shares in Boss Energy last traded at 15.5 cents on March 24. The company has a $286.7 million market cap.

BOE by the numbers
More From The Market Herald

" Celamin (ASX:CNL) enters trading halt amid capital raise

Celamin Holdings (CNL) has entered into a trading halt as it plans an upcoming capital raise.
GUD Holdings (ASX:GUD) - Managing Director and CEO, Graeme Whickman

" GUD (ASX:GUD) to acquire APG for $744.6m

GUD Holdings (GUD) entered a trading halt relating to the institutional component of an accelerated entitlement offer.
MGC Pharmaceuticals (ASX:MXC) - Co Founder, CEO & Managing Director, Roby Zomer

" MGC Pharmaceuticals (ASX:MXC) halts trade following ArtemiC order

MGC Pharmaceuticals (MXC) has placed its shares in a trading halt while it plans the details of an upcoming capital raising.
Altech Chemicals (ASX:ATC) - Managing Director, Iggy Tan

" Altech Chemicals (ASX:ATC) flags capital raising

Altech Chemicals (ATC) has placed its shares in a two-day trading halt as it gets ready to raise additional capital.