This article is 7 years old. Images might not display.
Image Resources has placed 40 million shares at 10c per share to raise $4 million.
The placement, which will fund the next stage of work at the Boonanarring project ahead of financing, was heavily oversubscribed.
Euroz Securities was sole lead manager.
Hannans is raising $3.6 million via a placement and share purchase plan prices at 1.27c per share.
Funds will be used for lithium exploration, due diligence for potential new projects, and working capital.
Barra Resources’ share purchase plan has closed heavily oversubscribed, with applications received for $3.79 million.
The company was seeking $1 million and accepted oversubscriptions of $1.25 million.
Hot on the heels of a scoping study, Consolidated Zinc has received firm commitments for a placement of 163.4 million shares at 1.2c per share to raise $1.96 million.
Patersons Securities acted as lead manager to the raising, which will be conducted in two tranches.
Middle Island Resources has completed a $1.9 million private placement to new and existing institutional and sophisticated investors.
The proceeds will be used to advance the Sandstone gold project in Western Australia.
Bell Potter Securities and Patersons acted as joint lead managers.
Korea-focused Peninsula Mines has raised $1.9 million in an oversubscribed placement for exploration.
Major shareholder Aurora Minerals agreed to commit $100,000, subject to shareholder approval.
Aus Tin Mining has entered into agreements to raise $1.45 million at 1c per share.
Directors and management have also elected to convert $300,000 worth of fees into shares.
After replacing the board last week, the news directors of Argent Minerals have secured a heavily oversubscribed $1.2 million placement to sophisticated investors.
Each new 3c share will come with a free-attaching 10c option exercisable by June 2019.
Rare earth player Rift Valley Resources has received firm commitments to raise $1.5 million at 3c per share.
The proceeds will be used for the advancement of the company’s Angolan projects.
Indiana Resources has launched a non-renounceable pro-rata one-for-three entitlement offer at 6.5c per share to raise $1.17 million for project generation.
Cazaly Resources has completed a $750,000 issue of convertible notes.
Caravel Minerals and MRG Metals each raised around $400,000 this week, while Enterprise Metals’ SPP raised $328,000.
