Anatolia Energy has kicked off a $6.2 million capital raising plan to fund development works at its Temrezli uranium project in Turkey.
The Perth-based Anatolia said today it had received firm commitments to raise $4.2 million through a share placement priced at 8 cents per share.
Anatolia said it would also raise a further $2 million through two $1 million conditional put options, under a term sheet agreement with one of its largest shareholders, Azarga Resources.
The put options will be priced at 12 cents per share.
Anatolia managing director Jim Graham said the proceeds would be used to conduct further drilling at Temrezli as well as completing an environmental impact assessment and pre-feasibility study.
Mr Graham said the company was pleased with the support the placement received from clients of lead manager RFC Ambrian.
At close of trade today, Anatolia shares were up 1.1 per cent, at 9.1 cents.