Alligator Energy (ASX: AGE) has completed a successful IPO offering 75 million shares at $0.20 to raise up to A$15 million, and has been admitted to the ASX.
The company is targeting uranium in the Alligator Rivers uranium province, which is located in the Northern Territory.
Alligator purchased the Tin Camp Creek Tenements from Cameco Australia, and the project contains immediate drill targets.
The Alligator Rivers uranium province hosts several world class uranium resources at Ranger and Jabiluka.
The company holds 283 square kilometres under three granted tenements and has applied for 415 square kilometres under eleven tenement applications in the district.
Alligator will commence trading on the ASX at 10:30am EDST on Thursday 3 February, with around 100.8 million shares on issue.