Capital Watch: Hannans, Antilles and more
Aspirant to battery metals Hannans launched a non-waivable rights issue to raise $ 5.5 million.
The offer of four for 43 2.5c per share is fully subscribed by Euroz Hartleys.
Major shareholder Neometals will commit $ 1.8 million to maintain its 33% stake.
Gold from the West Indies raised $ 5 million in two tranches for the development of the La Demajagua gold mine in Cuba.
The company issues 65 million new shares at 7.75c each with a free option of 13c for two shares issued.
Js-First Sdn Bhd and 180 Markets were joint leaders.
Vanadium Resources placed $ 4.6 million in shares in South African mining services company Raubex Group.
The investment was made at 10.4 cents per share, a premium of 64% over the 30-day volume weighted average price.
Vanadium Resources has entered into an arm’s length mining services agreement with a subsidiary of Raubex.
Woomera mining is seeking to raise up to $ 3.2 million through a $ 1.3 million placement and a $ 1.9 million one-for-five rights offering.
The issue price of 1.9 cents per share represents a discount of 11.7% compared to the average price weighted by volumes over 15 days.
The product will be used for nickel-copper-PGE exploration.
Gold Explorer Alchemy resources has raised $ 3.1 million to fund drilling for its projects in Western Australia and New South Wales.
The company has received firm commitments for a $ 1.85 million placement at $ 1.1 cents per share and will launch a one-for-six non-waivable rights offer to raise $ 1.23 million at the same price.
Discovery Capital Partners was the leader.
from Canada Roogold Inc closed the first tranche of a C $ 5 million private placement, raising $ 2.6 million.
The placement saw Denver-based Crescat Capital become a major shareholder with Dr. Quinton Hennigh acting as an advisor.
Roogold recently acquired a large piece of land in New South Wales.
Australasian gold has received firm commitments to raise $ 2.5 million through a 45c per share placement.
Major lithium industry players Shandong Ruifu Lithium Industry Co and Tangshan Xinfeng (Hong Kong) will subscribe for $ 1 million each.
Nickel explorer Adavale Resources has received commitments for a $ 2.09 million placement at 5.5c per share, managed by Euroz Hartleys.
Shareholders will be able to participate in a share purchase plan at the same price.
The funds will be used to advance the nickel and uranium projects.
First To raised $ 1.84 million in a placement at 1.2c per share, a 15.7% discount from the 15-day VWAP.
Everblu Capital managed the offer, with funds to be used for drilling in Victoria and South Australia.
The company also plans to raise an additional $ 450,000 through an SPP.
Finally, Explorer WA Lodestar Resources completed a placement of 100 million shares at 1c each to raise $ 1 million.
The company will also issue 50 million unlisted options with free attachment on a one-for-two basis.