This article is 6 years old. Images might not display.
Rare earths producer Northern Minerals has entered into a subscription agreement with major shareholder JHY Investments to issue 4 million convertible notes with a face value of A$1 each.
The notes will be issued in two tranches.
The $4 million proceeds will be used for working capital.
Kalium Lakes has completed a bookbuild for a placement of 9.05 million shares at 31c each to raise $2.8 million.
Kerr Allan Financial acted as lead manager with new and existing domestic and offshore institutional, sophisticated and professional investors participating.
The funds will be used for early works, the front-end engineering and design and progressing project finance for the Beyondie sulphate of potash project, as well as working capital.
Blackstone Minerals has received commitments to raise $1.2 million for exploration in Western Australia and Canada.
The placement to institutional and sophisticated investors was priced at 10c per share.
London-listed ECR Minerals has raised £680,000 (A$1.2 million) via a strategic financing, with each share to come with an attaching warrant that could bring in a further £1.77 million.
The funding will be used for exploration in Victoria.
Rare earths developer Arafura Resources has raised $1 million in a placement.
When combined with a recent share purchase plan, the company received proceeds of more than $4 million.
Chile-focused Emu has completed a placement to raise just over $1 million.
The cash raised will be used for exploration at the company's gold projects.
BBX Minerals has received commitments to raise at least $1 million via a placement to existing investors, including major shareholder Drake Special Solutions, at 15c per share.
Every two new shares will come with a 20c option.
Lithium explorer Lake Resources has raised $1 million via the issue of unsecured convertible notes.
The proceeds will be used to accelerate the prefeasibility study at the Kachi project, as well as drilling and repaying debt.
Africa-focused Chesser Resources has raised $790,000 in a placement, with directors committing to invest a further $110,960, subject to shareholder approval.
The placement, at 3.8c per share, was lead managed by Taylor Collison.
The funds raised will be used for a drilling at the Diamba Sud gold project in Senegal.
West Wits Mining has raised $665,200 via an SPP and placement, within its targeted range of $500,000-$1 million.
The funds will be used to accelerate the Witwatersrand Basin project development.
Tychean Resources has launched a non-renounceable entitlement issue at 0.3c per share to raise $577,000.
The proceeds will be used to progress the IronRinger transaction, due diligence on other opportunities and working capital.
Finally, PepinNini Lithium has raised another $170,000 at half a cent per share.
