Boss Resources Ltd. has banked A$6.8 million from an oversubscribed placement.

The Australian uranium explorer said Jan. 20 that it will use the cash to fund a pre-feasibility study for the Honeymoon uranium project in South Australia and for general working capital.

Boss received subscriptions for 104,600,000 shares at 6.5 cents each, which was a 7.7% discount to the volume weighted average price of shares for the five trading days ending Jan. 17.