Strandline Resources has raised A$5.5 million through an oversubscribed placement at 12c per share, a 5% premium to the 30-day volume-weighted average price of shares.

Major shareholder Tembo Capital participated in the placement, which was lead managed by Hartleys with support from Morgans.

Placement proceeds will be used to advance the Coburn and Fungoni mineral sands projects.

Nickel play Axiom Mining has launched a one-for-five non-renounceable entitlement offer to raise up to $4.2 million.

Every new 4c share will come with a 10c option, expiring in April 2021.

The cash is being raised to meet current and past expenditure occurred on the San Jorge mine in the Solomon Islands.

Queensland producer Consolidated Tin Mines has completed a private placement to investor Tiesong Duan to raise $4 million.

It comes after the suspended company placed $20.99 million worth of shares to China's Wealth Pointer Global.

The company will use the funds to repay liabilities, for feasibility studies and exploration, to upgrade mining facilities, and for working capital.

Congo-focused Amani Gold has completed a bookbuild to raise $3 million via the issue of 1.5 billion shares at 0.2c each.

Hartleys is lead manager.

It comes after Amani announced the acquisition of the Gada Gada project, near its Giro project, earlier this week.

Hawkstone Mining has received firm commitments for a $2.4 million placement.

The company reported excess demand for the placement, which was conducted at 2c and lead managed by PAC Partners.

The proceeds will be used to accelerate exploration at the Big Sandy lithium clay project in Arizona.

West African explorer Mako Gold has completed an oversubscribed placement and launched a non-renounceable rights issue.

The company received firm commitments for a placement at 8.5c per share to raise $721,439. Resolute Mining participated to increase its stake from 19.45% to 19.9%.

Resolute will also participate in Mako's one-for-four rights issue to raise a further $1.52 million.

As part of a merger with Andes Resources, Metminco will conduct a $2.3 million capital raising on a pre-consolidation basis price of 0.2c per share.

Sandfire Resources has agreed to contribute $1.16 million to become a 15% shareholder.

The fundraising will allow a maiden drilling program at the Chuscal gold project in Colombia.

US-focused explorer Alderan Resources has received firm commitments to raise $1.6 million in two tranches at 3.2c per share.

Every two new shares will come with a 10c option, exercisable in 36 months.

Toronto-listed Lithoquest Diamonds will conduct a private placement to raise C$1.5 million to advance the North Kimberley diamond project in WA.

Each of the 15 million units being offered comprises one share and a net smelter royalty on the project, determined at a ratio of 1% per $1 million raised.

Great Western Exploration has launched a one-for-five non-renounceable entitlement issue to raise up to A$800,000 for high-impact drilling at the Yandal West gold project.

CPS Capital is lead manager and will underwrite the offer up to $400,000.

Directors and key shareholders have committed to subscribe for $240,000.

PAC Partners will partially underwrite Corazon Mining's current $1 million SPP up to $500,000.

PAC has also agreed to act as lead manager to place any potential shortfall.

Archer Exploration has raised $300,000 to fund growth projects.

The company placed 4.28 million shares at 7c each to investors introduced by Sequoia Wealth Management.

Finally, Twenty Seven Co has raised $178,000 at 0.2c, plus a one-for-two 0.7c option, for exploration.