CAPITAL MARKETS

Capital Watch: Dateline, Nelson and more

A quieter week for raisings in the exploration space

Staff reporter
Capital Watch: Dateline, Nelson and more

Colorado-focused Dateline Resources has raised A$4.1 million via a placement to institutional and sophisticated investors at 9c per share.

Managing director Stephen Baghdadi and director Tony Ferguson will subscribe for $208,000 and $100,000, respectively, subject to shareholder approval.

PAC Partners managed the raising.

The funds will be used for the Gold Links and Colosseum gold projects.

Gold explorer Nelson Resources has launched a two-for-seven renounceable rights issue to raise up to $2 million.

The issue is priced at 4.7c per share, a 20% discount to the 10-day volume-weighted average price, and every two new shares will come with a free 8c option.

Directors will participate for their full entitlement and sub-underwrite a portion of any shortfall.

Kula Gold has received firm commitments to raise $1.8 million via a single tranche placement at 5c per share.

Foster Stockbroking was lead manager.

The funds will be used for exploration on kaolin and gold projects in Western Australia.

Rare earths explorer Red Mountain Mining has received $791,914 from the exercise of 0.8c options.

Just under 99 million options were exercised, while 39.6 million expired unexercised.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.