West Africa-focused gold explorer Golden Rim Resources has raised A$5 million via the issue of 555.5 million shares at 0.9c per share.

Chairman Adonis Pouroulis has subscribed for $362,000 worth of shares, subject to shareholder approval.

Foster Stockbroking and LHC Mine Finance were joint lead managers.

The funds will be used to advance the Kada project in Guinea and Kouri project in Burkina Faso.

Eastern Iron has launched a $2.2 million capital raising, comprising a two-tranche $1.1 million placement and a one-for-four entitlements offer to raise $1.1 million.

CPS Capital and First Growth Advisory are joint lead managers and will underwrite the entitlement offer.

The issue will be conducted at 0.8c per share, with every two shares to come with a 1.2c option.

Mineral sands explorer MRG Metals has raised $2.1 million via the issue of 162 million shares at 1.3c each, and 162 million free-attaching 2.5c options.

Pinnacle Equities and Peak Asset Management were joint managers to the offer.

The funds will be used to advance the company's projects in Mozambique.

Fresh from raising funds for the Henty gold mine acquisition, Catalyst Metals has raised a further $1.26 million via a private placement to meet investor demand.

The company placed 600,000 shares at $2.10 each.

Indiana Resources has received firm commitments to raise $1 million in a placement and will seek an additional $250,000 in a share purchase plan.

Shares will be issued at 6c each, a 14% discount to the five-day volume-weighted average price.

Proceeds will be used for Gawler Craton exploration.

Finally, Marquee Resources has received commitments to raise $750,000 at 5c per share.

The raising will allow the company to begin its 2021 exploration programs.