This article is 4 years old. Images might not display.
Gold explorer Kin Mining has raised $2.64 million in a placement to its four major shareholders.
The issue was completed at 4.5c, a 9.8% premium to Kin's last traded price before the announcement.
The funds will be used for a phase two drilling program at the Cardinia gold project near Leonora in Western Australia.
Manganese developer Element 25 has entered into a controlled placement agreement with Acuity Capital for up to $2 million of standby equity capital over 23 months.
Use of the placement facility is at Element 25's discretion.
PNX Metals has received $1.1 million via the exercise of options by a substantial shareholder.
The options were exercised at 1.5c, a premium to the company's share price.
The company raised an additional $500,000 at 1.5c in a placement to sophisticated investors to fund work at the Fountain Head gold project.
Oro Verde has withdrawn its $500,000 share purchase plan due to market conditions.
The company recently raised $1.15 million in a placement to fund work at the Makuutu rare earths project.
Golden Rim Resources has received commitments from investors and directors to raise $457,000 at 0.6c, a 21% discount to the 15-day VWAP.
The funds will be used to advance the Kouri gold project in Burkina Faso.
