CAPITAL MARKETS

Capital Watch: Celsius, Greenvale and more

A quieter week for small-cap capital raisings

Staff reporter
Capital Watch: Celsius, Greenvale and more

Celsius Resources has received firm commitments for a $6 million at 3.6c per share, an 10% discount to the last closing price.

Ironside Capital was lead manager and bookrunner to the strongly supported offer.

The cash will fund a scoping study and drilling at the MCB copper-gold project in the Philippines.

Greenvale Mining has placed 15 million shares at 20c each, a modest premium, to raise $3 million.

The placement was made to a single institutional investor introduced by Evolution Capital Advisors.

The placement gives Greenvale a cash balance of more than $10 million to advance its Alpha torbanite project and Georgina iron oxide-copper-gold project.

Laverton gold explorer Magnetic Resources has received binding commitments to raise $2.6 million in a placement lead managed by Viriathus Capital.

The placement price is $1.42 per share, a 12% discount to the five-day average.

Crater Gold Mining has secured a $2 million unsecured loan facility from its major shareholder Freefire Technology, primarily to fund works on its Crater Mountain project in Papua New Guinea. The first $200,000 is available to draw down immediately. The loan is repayable within 12 months of first drawdown and comes with an 8% per annum interest rate.

Fin Resources has firm commitments for a placement to raise $1.6 million to fund its entry into the Onslow North solar salt project.

Non-executive director Jason Bontempo seeking shareholder approval to put in an additional $150,000.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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