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Mining

Peninsula Energy Ltd granted extension to outline project expansion funding

Peninsula Energy Ltd (ASX:PEN) has been granted additional time by the ASX to outline details of project expansion funding, with the extension of a voluntary suspension.

Peninsula said that it anticipates that it will be in position to make this announcement to the market on Friday 1 April 2016.

Peninsula recently received proposals, and executed one non-binding term sheet, for an Income Streaming facility to fund expansion at the Lance uranium project, located in the Powder River Basin, Wyoming, U.S.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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