Deep Yellow Ltd (ASX:DYL) has received a notice of initial substantial holder from Exploration Capital Partners 2014 Limited Partnership..
The group is a registered holder of circa 322 million shares, or a 13.04% stake.
Deep Yellow recently appointed John Borshoff as the new managing director and CEO.
Borshoff is best known for founding Paladin Energy Ltd (ASX:PDN) in 1993 and taking the company from junior explorer to a globally recognised, multi-billion dollar uranium mining company.
According to Borshoff, Deep Yellow represents the ideal platform to establish a high quality and strategically positioned uranium company and create shareholder value.