Okapi Resources: Completes “oversubscribed” $5.1m capital raising

Okapi Resources Completes “oversubscribed” $5.1m capital raising

• Okapi Resources (OKR) completes a “heavily oversubscribed” placement to raise $5.1 million
• The company received binding commitments from private investors for around 34.2 million new shares at 15 cents per share
• Okapi will undertake the placement in two tranches and use the first portion of the new funds to nab a 19.9 per cent shareholding in uranium tech company Ubaryon
• OKR will use the funds from the second tranche to progress its portfolio of uranium assets in North America, where drilling has been planned at three projects this year
• OkapiResources is up 17.65 per cent, trading at 20 cents at 2:12 pm AEDT