Black Range Minerals (ASX:BLR) closed its partially underwritten one for two non-renounceable rights issue. This raised $2.03 million of the total $2.1 million. The money raised will be used towards production to advance the Hansen/Taylor Ranch Uranium Project in the U.S.
As quoted in the press release:
The company received acceptances for 165.1 million shares at $0.005 each, and has also received further applications for 240.2 million shortfall shares.