CAPITAL MARKETS

Capital Watch: Alligator, Anax and more

This week's capital raisings in the junior sector

Staff reporter
Capital Watch: Alligator, Anax and more

The exercise of loyalty options has pulled in $8.2 million for Alligator Energy.

The proceeds will be used to advance the Samphire uranium project.

Anax Metals has received firm commitments to raise $4 million at 9.1c per share, equal to the last trading price.

Bell Potter Securities was lead manager.

Anax is developing the Whim Creek project in the Pilbara.

Potash developer Trigg Mining's $3.3 million rights issue has closed oversubscribed.

The company will complete an additional placement to raise a further $700,000 on the same terms to accommodate the demand.

Javelin Minerals has launched a $2.57 million raising to fund 2022 exploration, managed by Shaw and Partners.

The company has received commitments to raise $2.07 million in a placement and will seek to raise an additional $500,000 via a share purchase plan.

The issue price is 0.1c. More than 1.95 billion shares will be issued.

Finally, Carnavale Resources has received commitments to raise $2.24 million, with directors Ron Gajewski and Andrew Beckwith committing to subscribe for an additional $400,000.

The size of the placement was increased due to demand.

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