Errawarra Resources has raised A$4.25 million via a placement to clients of CPS Capital Group.

 

The two-tranche placement was priced at 12c per share, a 25% discount.

 

The proceeds will be used for exploration at Andover West and Errabiddy in Western Australia

 

Cuba-focused Antilles Gold has received binding commitments to raise $2.28 million via a placement and will launch a share purchase plan to raise up to a further $2 million.

 

EverBlu Corporate is acting as lead manager to the placement.

 

The issue price is 2.3c per share, a 20% discount.

 

Orexplore Technologies is seeking to raise up to $4.1 million for business development, operations and working capital.

 

The company is undertaking a two-tranche placement to raise $1.8 million and will launch a one-for-two pro-rata non-renounceable entitlement offer to raise up to $2.3 million.

 

Morgans Corporate is managing the placement and underwriting the entitlement offer, both of which are priced at 4.5c per share.

 

Gold explorer Nexus Minerals has launched a one-for-five renounceable entitlement offer to raise up to $3.25 million.

 

The issue is priced at 5c per share, a 25.4% discount, with every two new shares to come with a free-attaching option.

 

The offer is being partially underwritten to $2 million by lead manager Mahe Capital.

 

Iceni Gold has completed a heavily oversubscribed capital raising of $2.75 million, including $430,000 from the board and management.

 

The two-tranche placement was priced at 7c per share with every two shares to come with an option, exercisable at 10.5c each within two years.

 

Morgans Corporate acted as lead manager with Evolution Capital as co-manager.

 

Metal Bank has launched a capital raising to accelerate exploration in Australia and Jordan.

 

The company has received binding commitments to raise $1.15 million and will launch a one-for-seven non-renounceable entitlement offer to raise up to $1.5 million.

 

Both offers are priced at 3.4c per share, a 24% discount, and are managed by Panthea Capital.

 

Uranium explorer Okapi Resources has conducted a placement of 25 million shares at 6c each to raise $1.5 million.

 

The placement will include a one-for-one option.

 

Golden Rim Resources has raised $1.5 million via the issue of a convertible note to shareholder Capital DI.

 

The note matures in six months and can be converted by Capital at any time.

 

ABx Group has raised $1.5 million in a placement to professional and sophisticated investors.

 

The placement and recent grant funding fully funds the ALCORE pilot plant in New South Wales.

 

Star Minerals has received firm commitments to raise $600,000 at 4c per share, including a one-for-one option.

 

The funds will be used to advance the Tumblegum South gold project and West Bryah copper-gold project.

 

An investment fund associated with Fleet Space Technologies will make a direct equity investment of $250,000 in Thor Energy via a share subscription at 4c per share. 

 

The investment is part of a collaboration on the Alford East project.

 

Orion Metals has raised $200,000 via a placement at 0.46c per share.

 

Finally, Patagonia Lithium has launched a non-renounceable entitlement issue of loyalty options to raise $146,412.