CAPITAL MARKETS

Capital Watch: Matador, Aurumin and more

This week's capital raisings in the junior exploration space

Staff reporter
Capital Watch: Matador, Aurumin and more

Canada-focused gold explorer Matador Mining has upsized its previously announced $4.5 million placement to $5 million.

The company placed an additional $496,000 to an existing large shareholder.

Gold explorer Aurumin has launched a one-for-seven non-renounceable entitlement offer at 15c per share to raise up to $3 million.

Lazarus Corporate Finance is underwriting the offer up to $2 million.

The funds will be used for exploration at the Sandstone gold project.

Asra Minerals has received binding commitments to raise $2.7 million via a placement of 128.6 million shares.

Every four 2.1c shares will come with three free-attaching listed options with an exercise price of 3.5c.

GBA Capital acted as lead manager.

Marmota has raised $2.5 million via a placement managed by Viriathus Capital.

Every two new 5.3c shares will come with an attaching option, exercisable at 10c within two years.

Inflection Resources has announced a non-brokered private placement to raise gross proceeds of up to C$1.5 million through the sale of up to 15 million units at 10c per unit, comprising one common share and one share purchase warrant exercisable into one further share at 15c within two years.

Crescat Portfolio Management has agreed to increase its shareholding from 2.4% to 8.5% by investing $560,000.

US-focused Alderan Resources has received firm commitments for a two-tranche placement to raise A$1.3 million.

The company reported strong demand from new and existing shareholders for the 1c per share placement (including a 1:2 option), while Alderan directors will subscribe for an additional $150,000 worth of shares.

DealAccess was the lead manager.

Diamond developer Newfield Resources has placed 2.8 million shares at 35c each to raise $1 million.

The proceeds will be used to advance the Tongo diamond project.

First Au has raised $900,000 for drilling in Victoria and Western Australia.

Peak Asset Management left the 0.8c per share raising.

Finally, Southern Hemisphere Mining has raised $879,983 via a single-tranche placement at 2c per share.

The funds will be used to advance the Colina2 and Llahuin projects.

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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