This article is 6 years old. Images might not display.
The company said it had been unable to receive conditional approval from the ASX in respect of lifting the suspension on its shares trading.
As a result, the company said it cancelled its planned non-renounceable entitlements issue and would refund application monies.
It was considering a new entitlement issue and said it was arranging an independent expert report on its proposed acquisition of the remaining 40% of its ferro-tungsten joint venture in Vietnam.
Pacifico Minerals has launched a three-for-seven non-renounceable entitlement offer to raise up to $2.84 million for the acquisition and evaluation of the Sorby Hills lead-zinc-silver project.
The offer will be conducted at 0.6c per share, with every two new shares to come with a free-attaching 1.5c option.
The entitlement offer follows a recently completed $1.28 million placement.
Discovery Capital Partners and PAC Partners are joint lead managers to the offer.
Redstone Resources aims to raise up to $2.15 million in a partially underwritten pro rata, non-renounceable entitlement offer.
It said the offer at 1.7c represented a significant discount of 25% to the July and August volume weighted average share price, and the last traded market price prior to the prospectus being lodged.
It will use the funds for exploration at its West Musgrave copper project in Western Australia.
Inca Minerals said there was a 52% take-up of its recent non-renounceable, pro rata entitlement offer.
The junior offered one new share for every 10 held, at an issue price of 0.5c, with a free attaching option with an exercise price of 1.2c.
It raised more than $680,000 which it will use towards exploration at its Greater Riqueza and Cerro Rayas projects in Peru and for additional working capital.
Finally, Nagambie Resources has invited eligible shareholders to take part in a share purchase plan at 6.2c per share, a 17.2% discount to the previous five days' VWAP.
It plans to use the funds raised to extend its sulphide-gold drilling program at its Nagambie Mine project in Victoria, plus carry out IP surveys over the mine area and Wandean gold discovery to the northwest, and for general working capital.
