Strandline Resources is conducting a placement to institutional and sophisticated investors to raise $3 million.

The raising was conducted at 11c per share, a 5% premium to the previous closing price.

Major shareholder Tembo Capital participated in the placement.

Strandline will use the funds raised to advance the Coburn mineral sands project.

Gold explorer Alt Resources is proposing to raise $2.5 million via a $2.3 million placement and a $200,000 loan from a director.

The placement is being conducted in two tranches at 3c per share, a 10.8% discount to the 15-day volume-weighted average price.

Shareholders will also receive a 4.5c 2021 option for every three shares subscribed for.

Queensland-focused Ausmex Mining Group has raised $2.5 million via the issue of convertible notes to sophisticated investors.

The funding will be used for drilling in Cloncurry and Burra in South Australia.

Sunstone Metals has received firm commitments to raise around $2 million in an oversubscribed placement.

The placement was lead managed by Morgans and conducted at 3c per share, a premium to the last closing price of 2.9c per share.

The funds will be used to advance the Bramaderos project in Ecuador.

Pursuit Minerals has received firm commitments from institutional and sophisticated investors to raise $2 million for work on its Scandinavian vanadium projects.

The placement, conducted at 3.7c per share, was lead managed by PAC Partners.

Pursuit directors have committed to invest a further $270,000, subject to shareholder approval.

Gold player Empire Resources is seeking to raise up to $1.6 million in a one-for-three pro-rata non-renounceable rights issue.

The offer is partially underwritten to $1.13 million by Mac Equity Partners.

The funds will be used to repay debt, for exploration and development, and for working capital.

Sipa Resources' previously announced share purchase plan has closed oversubscribed, raising just over the minimum $1.5 million.

As a result, underwriter Patersons Securities received no shortfall and has been granted the right to organise a placement to sophisticated and professional investors to raise up to a further $1.5 million at the same price.

Magnum Mining & Exploration has completed a capital raising via the issue of $1.25 million worth of convertible notes.

The company will use the funds raised to complete phase two trial mining at its Gravelotte emerald project in South Africa.

BMG Resources has launched a $900,000 raising to advance its Chilean lithium brine projects.

The 0.9c placement was made to new and existing institutional and sophisticated investors.

Peak Asset Management was lead manager to the placement and has been appointed as a strategic advisor.

The company will attempt to raise a further $500,000 at the same price via the issue of shares and options to eligible shareholders.

Moreton Resources has extended and increased the $1.2 million First Samuel unsecured debt facility, previously due on November 13. It has been increased to $2.7 million and the term now ends on April 1, 2019.

Finally, Guyana-focused Alicanto Minerals has raised $450,000 through a placement of 15 million shares at 3c each.

The placement price represents a 10% discount to the previous close.