Deep Yellow (ASX:DYL) raises $41M to complete DFS at Tumas Source: Business News SubscribeBe the first with the news that moves the market Deep Yellow (DYL) has raised around $40.8 million to pursue various growth opportunities at its flagship Tumas Project and other assets in Namibia The company issued just over 62.7 million shares to sophisticated and institutional investors at a price of $0.65 each A further $2 million is expected to come from a share purchase plan, which closes on March 18 this year The proceeds will be used to complete a Definitive Feasibility Study at the Tumas Project along with various exploration work at the Reptile Project and the Nova joint venture