Additional Information
Market: ASX
Sector: General Mining - Uranium & Lithium
EPIC: MEY
Latest Price: A$0.01  (8.33% Ascending)
52-week High: A$0.05
52-week Low: A$0.01
Market Cap: A$7.06M
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Marenica Energy
www.marenicaenergy.com.au

Marenica Energy's  (ASX: MEY) strategy is to focus on the evaluation of the Marenica Project as well as to identify and acquire other uranium opportunities globally.

The Company's principal asset is the Marenica Uranium Project located in the uranium rich Damara Province in Namibia. The project covers 527sq km, with high prospectivity for both secondary and primary uranium deposits.

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Marenica Energy director David Sanders makes share purchase in the company

19th Nov 2010, 10:54 am

Marenica Energy (ASX: MEY) director David Sanders has made his first purchase in the company, by buying 100,000 shares on market.

The purchase is around a $9,000 investment, with the trades including 68,356 shares at $0.09 and 31,644 at $0.091.

Earlier in the month Marenica made significant steps toward underwriting the future development of its flagship Uranium project in Namibia, by securing $5 million of debt and equity funding from China’s Hanlong Energy Limited.

The funding deed signed with Hanlong will provide immediate funding of $3 million through a $2 million convertible note and $1 million share placement at A$0.07 per share.

 

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