CAPITAL MARKETS

Capital Watch: Eumeralla, WCP and more

A bumper pre-Easter Capital Watch as companies race to market.

MiningNews.Net

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Eumeralla Resources has closed its A$6 million capital raising fully subscribed and will change its name to Ausmex Mining Group ahead of relisting next month.

WCP Resources has completed a bookbuild to raise $5 million at 9c per share to mainly US institutional and sophisticated investors.

The proceeds will be used to accelerate work at the Piedmont lithium project in the US.

Strategic Energy Resources launched a partially underwritten one-for-two non-renounceable entitlement issue to raise $2.1 million.

KSLcorp is underwriting the offer to $1.2 million, with funds to be used for gold and mineral sands exploration.

Empire Resources’ placement has closed fully subscribed to raise $2.01 million.

The placement will fund ongoing work at the Penny’s Find gold project.

Dark Horse Resources has raised $1.5 million in the institutional component of a broader $3.48 million raising.

Altech Chemicals has raised $2 million via a placement at 14c to existing cornerstone shareholder MAA Group Berhad.

Gold explorer De Grey Mining has received firm commitments from clients of DJ Carmichael for a placement at 6.5c per share.

The oversubscribed placement will raise $1.82 million for Pilbara gold drilling.

Uranium hopeful Marenica Energy is raising $1.7 million via a placement and rights issue.

Andromeda Metals has launched what it says is an attractively priced rights issue at 0.8c, a 20% discount to the last closing price.

The company is aiming to raise $1.6 million for its Australian gold projects.

Battery metals explorer Sayona Mining has launched a share purchase plan to fund development of the Authier lithium project in Canada.

The SPP, which is lead managed and underwritten by Patersons Securities, aims to raise $1.5 million.

Cohiba Minerals has closed its rights issue oversubscribed, raising $976,801.

Finally, Castillo Copper has raised $500,000 as part of the acquisition of copper and cobalt company Qld Commodities.

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