Marmota has raised A$6.5 million in a placement to fund gold exploration at the Aurora Tank discovery in South Australia.

Every two new 5.3c shares will come with a two-year, 10c option.

The company said the book was significantly oversubscribed within hours of opening.

Canaccord Genuity acted as sole lead manager.

Pilbara-focused Artemis Resources has raised $5.6 million in an oversubscribed placement at 7c per share, a 12.5% discount to the last trading price.

The company initially sought $4.2 million.

A number of new Australian and UK institutional investors participated.

Canada-focused gold explorer Ardiden has received firm commitments to raise $3.5 million and has received indications of intentions to accept transfers for up to 88 million shares through the use of previously issued collateral shares to raise up to a further $1 million.

Bell Potter Securities is acting as lead manager to the placement, which is being conducted at 1.2% per share, a 1.2% discount to the 10-day volume-weighted average price.

The company said the placement was cornerstoned by leading global resource specialist funds.

Ardiden is now funded for exploration at the Pickle Lake gold project.

Theta Gold Mines will raise $4 million via the issue of 16.6 million shares at 24c per share to family offices and institutional investors.

Sanlam Private Wealth acted as lead manager.

The proceeds will be used to advance the Theta open pit starter project in South Africa.

Classic Minerals has launched a share purchase plan to raise up to $4 million.

The issue price is 0.19c per share, a 34.7% discount to the previous closing price.

The proceeds will be used to accelerate exploration at the Kat Gap and Forrestania gold projects in Western Australia.

South America-focused Los Cerros has raised $3.5 million in a private placement that was several times over-bid.

Hartleys was lead manager to the offer.

The cash will be used to advance the Quinchia gold project in Colombia.

Sarama Resources has launched a non-brokered private placement to raise up to C$3 million at 11c per share.

The proceeds from this raise will be used to undertake a variety of work including a mineral resource update on the South Houndé project, high value oxide focused exploration drilling and general technical work to support framing up of development options.

The company is based in Perth and listed in Toronto.

First Au said its SPP was 11 times oversubscribed, raising A$3.03 million and resulting in an 89% scale-back.

Directors and management subscribed for $100,000.

Krakatoa Resources has received firm commitments to raise $2.4 million in an oversubscribed placement.

Funds from the 8c per share offer will be used to advance the company's three New South Wales projects.

King River Resources is raising $2 million via the issue of 66.6 million 3c shares, with one free 6c option to be issued for every two shares issued.

The funds will be used for drilling at Mt Remarkable and Tennant Creek.

US-focused Hawkstone Mining has raised $1.77 million via the exercise of 147.5 million unlisted options.

Caravel Minerals has received firm commitments to raise $1.15 million in a placement and will seek a further $500,000 in an SPP.

The issue price for both is 4c per share.

Bridge Street Capital Partners and Chieftain Securities acted as joint lead managers.

Blaze International has raised $1.3 million in a placement it said received overwhelming interest.

CPS Capital Group is lead manager to the placement, which will be conducted in two tranches.

Aldoro Resources has completed a placement to raise $1.18 million at 9c per share.

The proceeds will be used for drilling at the Penny South and Unaly Hill South projects.

Peak Asset Management has acted as lead manager in a capital raising for base metals explorer Sabre Resources.

The placement raised $932,313 at an issue price of 0.25c, with every two shares coming with an 0.8c listed option.

Finally, Magnum Mining & Exploration has raised $250,000 as a precursor to the potential development of its Gravelotte emerald project in South Africa.