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DevEx Resources is pleased to announce it has received firm commitments to raise a total of $4.6 million through a two-tranche placement to sophisticated and professional investors to underpin an accelerated exploration program across its key copper-gold projects in the Lachlan Fold Belt of NSW.
The placement is being conducted at 8c per share and directors will chip in $600,000, subject to shareholder approval.
Bell Potter Securities is lead manager.
Mexico-focused Azure Minerals is conducting a $4 million placement to institutional and sophisticated investors at 17c per share.
Patersons Securities acted as lead manager and bookrunner.
The cash will be used to relaunch exploration at Alacran.
New World Cobalt is raising $2 million via the issue of 100 million shares at 2c per share, a 10% discount to the 20-day VWAP.
Every four new shares in the offer, lead managed by Peloton Capital, will come with a 4c 2022 option.
Proceeds from the placement will be used to advance exploration at the Tererro VMS project in New Mexico.
WA explorer Bryah Resources has raised $2 million for copper and gold drilling.
Directors got shareholder approval to subscribe for a combined $150,000.
Peru explorer Inca Minerals has launched a one-for-four renounceable rights issue to raise up to $1.6 million.
The issue is prices at 0.2c per share, a 50% discount, with every three shares to come with two listed 7c options.
Broken Hill Prospecting is seeking to raise $500,000 in a placement and $1.1 million in a share purchase plan.
The issue price for both offers is 2.5c, with the proceeds to advance the La Paz rare earth project in Argentina.
Tin developer Kasbah Resources has secured an additional $1.3 million convertible loan from Pala Investments.
The funds will be used to keep the Achmmach project in good standing and for working capital.
Twenty Seven Co's previously announced SPP has closed oversubscribed, raising $558,000, $58,000 above the target.
The funds will be used to drill the Rover project in WA.
Athena Resources has completed a placement to Hong Kong's Goldway Mega Trade to raise $391,000.
Gulf Manganese Corporation has agreed to place 64 million shares at 0.6c each to Acuity Capital to raise $385,000.
Finally, Metalicity has placed $203,063 worth of shares at 0.6c per share for the Kookynie gold project.
