Uran managing director Kate Hobbs took a canny approach to supporting the US-focused uranium explorer’s much needed rights issue last month. With only $210,000 in the bank at the end of June, Uran announced a 1-for-2 non-renounceable rights issue pitched at 1.5 cents per share to raise up to $1.2 million. Ms Hobbs subscribed for just over 4.01 million shares, tipping $60,167 into Uran’s coffers, before immediately on-selling her newly acquired stock for the same amount. Ms Hobbs remains a big investor in the company with over 8.08 million Uran shares and 2.02 million options.
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