Specialty Metals International has launched a pro-rata non-renounceable entitlement offer to raise up to A$2.9 million.

Shareholders will be able to subscribe for one share for every five held at 1.8c each, a 42% discount to the previous close.

The offer is fully underwritten by Rymill Global Venture, with the proceeds to be used for working capital following the completion of the acquisition of Mt Carbine Quarries.

Brazil-focused Aguia Resources has completed a private placement, raising $2.5 million.

The new funding will be used for the Rio Grande copper project and Tres Estradas phosphate project.

Pursuit Minerals is seeking to raise up to $1.63 million, comprising an $890,000 placement in two tranches and a $740,000 rights issue.

The issue price for the offers is 1c per share.

The funds will be used to advance Scandinavian projects, look for new opportunities and for working capital.

Greenland-focused Ironbark Zinc is seeking to raise as much as $1.5 million via a share purchase plan at 1.5c each.

The company is working towards development of the Citronen zinc project.

Gold explorer Nova Minerals has launched a $1 million SPP after the company received commitments to raise $500,000 in a separate placement.

The issue price is 2c per share, a 5.7% discount, with funds to be mainly directed to the Estelle gold project.

Kalamazoo Resources has raised $1.2 million via a strongly supported placement for exploration on its Victorian gold projects.

Shares will be issued at 12c per share, a 1.2% discount to the 15-day volume-weighted average price of shares, with every two shares to come with a 25c option expiring in one year.

New Talisman Gold Mines has raised NZ$715,000 in an SPP.

The proceeds will be used for pilot plant testwork for the Talisman mine.

Finally, Alice Queen has received binding commitments to raise $400,000 in a placement priced at 1.2c, with every two new shares to come with an 18-month 2c option.