CAPITAL MARKETS

Capital Watch: Toro, White Rock and more

This week's capital raisings in the junior mining space

Staff reporter
Capital Watch: Toro, White Rock and more

Toro Energy has received commitments to raise $5 million at 1.1c per share, including a one-for-two option.

Canaccord Genuity and Petra Capital were joint lead managers.

The funds will primarily be used for the Lake Maitland uranium project.

White Rock Minerals has launched a $4.75 million capital raising to fund the ramp-up of its Woods Point gold mine.

The company will raise $1.3 million via a placement and $3.45 million via one-for-five non-renounceable entitlement offer, managed by Viriathus Capital.

The issue price is 7c, a 28% discount to the previous close.

Nickel and lithium explorer Auroch Minerals has received firm commitments for a $2.65 million placement.

New shares will be issued at 4.8c each.

Canaccord Genuity was lead manager to the placement.

Zeus Resources has lodged a prospectus for a one-for-one non-renounceable offer priced at 1c per share.

If fully subscribed, the offer would raise $2.2 million.

Cuba-focused Antilles Gold is raising $2 million via the issue of 64 million shares at 3.3c each.

The funds will be used for drilling at the El Pilar copper-gold deposit.

Chairman Brian Thomas will subscribe for $99,000 worth of shares and will provide a $1 million convertible note to the company.

Kaolin producer Suvo Strategic Minerals has raised $2 million at 4c per share.

Every four shares will include an option, exercisable at 10c by December 2025.

Tempus Resources' previously announced C$1 million non-brokered private placement has been upsized to $1.3 million.

The funds will be used for drilling at the Elizabeth-Blackdome gold project in Canada.

Advance Metals will place 100 million shares at A1c per share, plus a one-for-three option, to raise $1 million.

Spark Plus will manage the issue, which will be conducted in two tranches.

Finally, Nagambie Resources has placed $140,000 worth of shares to Southern Cross Gold at a 6.1% premium, increasing Southern Cross' shareholding to 10%.

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