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Aguia Resources has entered into a bought deal private placement financing agreement to sell 14.2 million units at C36c per unit to raise $5 million.
Each unit comprises one common share and half a purchase warrant, with each warrant entitling the holder to acquire one share at 60c within 36 months.
A syndicate of underwriters have been granted an overallotment option to purchase up to an additional 2.1 million units, which would net another $750,000.
Lithium hopeful Lake Resources has secured commitments to raise A$4.5 million in an oversubscribed private placement after initially seeking $4 million.
Every two 13.5c shares issued will come with a 20c free-attaching option exercisable by December 15.
Patersons Securities and Hunter Capital Advisors were joint lead managers to the placement.
VDM Group has announced a $4 million placement to Hong Kong sophisticated investor CF International Development.
The issue price of 1c per share is a premium of 900% to the last trading price of VDM shares.
The proceeds will be used to advance the Cachoeiras do Binga copper project in Angola.
Diamond producer Frontier Diamonds is seeking additional funding of up to $4 million via the issue of unsecured loan notes.
The funds will be used to fast-track bulk sampling and diamond recovery at the Bellsbank exploration project.
Marquee Resources has raised $2.65 million in a heavily oversubscribed placement lead managed by Hartleys.
Shares at being issued at 35c each, with every two shares coming with a 50c option, exercisable by June next year.
The proceeds will be used to accelerate exploration at the Werner Lake cobalt project in Ontario.
Ferrum Crescent has raised £1 million via a placement, subject to shareholder approval.
The raising will provide working capital and fund a scoping study at the Toral zinc project in Spain.
Finally, King River Copper has entered into commitments with unrelated parties for the underwriting of a portion its June 2018 options.
The company has secured commitments from F.P.S., Sesna and The Kings Ransom to underwrite 60 million of the 124.4 million options at 10c each.
