Vancouver-based Lion One Metals has completed a US$25 million capital raising for its Tuvatu alkaline gold project in Fiji, with funding from US-based Nebari Natural Resources. 

 

A further $12 million in debt can be drawn down if needed.

 

Ora Gold has confirmed an A$8.85 million renounceable rights issue to clear its debts and fund drilling of its Crown Prince prospect and the broader the broader Garden Gully gold project in Western Australia.

 

The raising is fully underwritten by Canaccord Genuity and is priced at 0.3c, a 65% discount.

 

Takeover target Vango Mining has struck a short-term $5 million unsecured credit facility from Kongwell Management, repayable in June. It can draw down funding until Catalyst Metals secures control, or its offer is declared unconditional.

 

Emerald Resources-controlled Bullseye Mining has launched a 1:21 entitlement issue to raise up to $6.4 million at 29c per share.

 

Emerald, which owns 59% of the privately-owned WA gold explorer, intends to take up its full entitlement of $3.8 million.

 

Lode Resources is $4.4 million richer following placement priced at 30c per share managed by PAC Partners' DealAccess to fund drilling at its Webbs Consol silver and Uralla gold projects in New South Wales.  

 

Commitments from Arrow Minerals' directors and sophisticated and institutional investors have been secured as part of a $2.7 million placement organised by Euroz Hartleys.

 

The raising is priced at 0.55c, a 5% discount, and will be used primarily to accelerate exploration activities at the Simandou North iron project in Guinea as part of an unsecured, interest-free shareholder loan to Amalgamated Minerals.

 

Reward Minerals has raised $2.6 million at 8c to advance its WA sulphate of potash ambitions in an 8c per share entitlement offer underwritten by Lazarus Corporate. Executive director and major shareholder Dr Michael Ruane will sub-underwrite the offer for $1 million.  

 

The cash will be used to further develop Reward's new potash processing technology and to advance the KP Lake project.

 

Funding has been secured by Greenstone Resources for gold exploration at its flagship 277,547 ounce Burbanks deposit and to optimise outcomes for the Mt Thirsty nickel-cobalt project, which is being prepared for a spin-out.

 

The junior raised $3.3 million at 2.5c, with a range of brokers facilitating the placement.

 

Nimy Resources had raised $3.2 million at 26.5c from a placement, with non-executive chair Simon Lill putting in $26,500.

 

The funds will be used to explore the for rare earth elements, lithium and nickel deposits at the Mons project, WA.

 

Peak Asset Management has facilitated a $2.75 million placement at 20c for Cannindah Resources to support drilling and exploration program at the Mt Cannindah project in Queensland. 

 

Reach Resources has secured commitments for $2 million at 0.4c to fund acquisition and exploration of its new WA tenements, withing with Westar Capital. 

 

It has also settled a $450,000 loan owed to Bath Resources by the issue of $300,000 worth of shares.

 

PAC has secured commitments for $1.74 million to underwrite a non-renounceable entitlement offer for Thomson Resources at 0.2c, an almost 90% discount to recent trading.

 

First Au has raised $1.5 million at 0.3c for exploration of its Haunted Stream gold project in Victoria and its new WA lithium tenements. 

 

Peak was lead manager to the raising.

 

Metal Tiger has sold 170,000 shares in Sandfire Resources for $1.06 million to partially repay a debt facility.

 

Junior Emu has announced a rights issue seeking $1.5 million at 0.2c to fund work at its Condingup and Merredin rare earth projects in WA and Georgetown project in Queensland.

 

The raising was underwritten by GBA Capital. 

 

Locksley Resources has launched an entitlement offer priced at 6c to raise up to $840,000.

 

US-focused Alderan Resources is seeking up to $500,000 at 0.7c, a 15% discount. DealAsset is supporting the raise.

 

PAC is helping Gold Mountain raise $334,000 at 0.1c via an option issue. 

 

Finally, PAC is also supporting Lightning Minerals, which has issued a prospectus seeking $25,000 at 0.1c via the issue of loyalty options.