Peak Resources is aiming to raise $5.5 million through a placement at 17c per share and has also announced an SPP for shareholders to subscribe for up to $15,000 worth of shares, capped at $2 million.

The placement is being completed in two tranches with the first issuing 12.5 million shares to raise $2.6 million and the second issuing 16.8 million shares to raise $2.8 million.

Funds raised from both the placement and the SPP will be used towards exploration drilling programs, metallurgical studies and a scoping study for the Ngualla project in Tanzania.

Altius Mining has proposed a one-for-one non-renounceable rights issue at 2c per share for up to 260.3 million fully paid ordinary shares to raise $5.2 million.

Subject to negotiations with regard to whether it will be 50% or entirely underwritten, Altius expects to announce a formal decision next week.

Following a placement and a non-renounceable rights issue raising, Anatolia Energy has raised $4.5 million.

The placement collected $4.4 million from the issue of 44 million ordinary shares at 10c per share and 44 million attaching options at no cost exercisable at 18c.

The rights issue raised $81,045 from 810,465 shares at 10c per share and 810,465 attaching options at no cost exercisable at 18c.

A further $270,000 was expected to be raised once the issue of underwritten shares and options was completed.

Funds will contribute to the exploration and development program for Altius’ joint venture uranium project in Turkey.

Golden Rim Resources completed a placement to raise $2.5 million and announced an SPP to raise a further $2 million.

The placement ensured Golden Rim was fully funded to conduct a deeper diamond drilling program on the Netiana lodes, metallurgical testwork and prepare a maiden resource estimate by the end of the year.

Bell Potter was appointed lead manager to the placement.

Under Golden Rim’s SPP, shareholders can subscribe for parcels of 25,000, 75,000 or 150,000 shares issued at 10c per share.

Meanwhile, Coziron Resources has raised $2 million at 10c per share to fund the acquisition of three resource projects.

Exploration has commenced on the three projects, which include the Yarraloola iron tenement acquired from Zanthus Resources, Buddadoo from Buddadoo Metals and the King X manganese project.

Finally, Sherwin Iron has received acceptances for 31.8 million shares to raise $3.2 million, with a shortfall of 8.5 million shares.

Under the terms of its rights issue, Sherwin directors can place the shortfall by September 4, 2012.

Its shares on issue now total 718.2 million.