92 Energy: Raises $7.15m for Gemini Project

92 Energy Raises $7.15m for Gemini Project

• 92 Energy (92E) receives firm commitments to raise $7.15M via a share placement to fund follow-up work at the Gemini Project in Canada
• The company will issue more than 9.92 million new fully paid ordinary shares at 72 cents each to institutional, sophisticated and professional investors
• Specifically, the funds will go towards a major drilling program to follow up the discovery at the Gemini Mineralised Zone
• The money will also be used for exploration activities at 92E’s other projects in the region and as general working capital
• Proceeds will fund drilling at the Gemini Mineralised Zone where uranium was recently discovered and will be used as general working capital