Boss Energy Secures AU$205 million Funding for Multi-Mine Expansion

Boss Energy Limited (ASX: BOE) proudly announces the successful completion of a AU$205 million placement through a single tranche of new fully paid ordinary shares. The offer garnered robust interest from existing and new domestic and global institutional investors, reflecting confidence in the company. The funds raised will finance various initiatives, including the Alta Mesa transaction, Alta Mesa Project restart, exploration activities, working capital, enCore equity investment, Prompt Fission Neutron technology, and production and resource growth for the Honeymoon Project.

Managing Director Duncan Craib expresses enthusiasm, noting the exciting prospect of becoming a multi-mine In-Situ Recovery uranium producer by 1H 2024. The offer comprises ~51.9 million new shares at AU$3.95 per share. Additionally, Boss aims to raise up to AU$10 million through a Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand, providing an optional opportunity for participation. The SPP terms will be detailed in an SPP Offer Booklet, set for release around December 15, 2023. The company expresses gratitude to existing and new shareholders for their support, with advisers including Macquarie Capital, Bell Potter Securities, Canaccord Genuity, Sternship Advisers, Aitken Mount Capital Partners, and Thomson Geer.

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