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Deals

LNGL sells Magnolia assets for $3.5m

Perth-founded Liquefied Natural Gas Ltd is selling its Magnolia offshore LNG asset to a privately held UK company for $US2.25 million ($3.5 million), with the sale also including entities behind the project.

Adriatic Metals buys Canadian explorer

Adriatic Metals has signed a binding agreement to purchase Toronto-listed Tethyan Resource Corp for around $16 million.

Juniors to raise $6.7m

Gold explorers Great Southern Mining and Fraser Range Metals have launched new capital raisings today, with the proceeds to fund exploration programs in Western Australia and NSW.

Aurenne signals fourth WA acquisition

UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.

St George raises $3.6 million

St George Mining has launched a new capital raising to secure further funding for its Mt Alexander nickel-copper sulphide project in Western Australia, with the next major drill program to begin this month.

Apollo sells projects for $7m

Apollo Consolidated is selling a portion of its interest in two overseas gold projects, with the proceeds to fund drilling and development studies on its Lake Rebecca project in Western Australia.

WA explorer seeks $9m

West Perth-based Predictive Discovery has received commitments to raise up to $6.9 million from a share placement and is seeking to raise up to a further $2.1 million to progress its gold discovery in Guinea.

$2.5m raising to boost Nuheara sales

Personal hearing technology developer Nuheara has launched a $2.5 million capital raising to help bolster its sales growth in Europe and the United States.

AVZ in $16m raising

AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.

Australian Potash seeks $5m

Perth-based Australian Potash has sought further funding for its Lake Wells project in Western Australia after announcing a $5.15 million capital raising.

Newcrest raises $1bn

Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.

Auteco raises $5m for exploration

Auteco Minerals is set to proceed with further exploration of its recently acquired Pickle Crow gold deposit in Canada’s Ontario province after the company gained financial backing from international and Australian institutional investors.

De Grey to raise $31m

Gold junior De Grey Mining is raising $31.2 million from a share placement to continue exploring its Mallina project in the Pilbara, with a focus on the recently announced Hemi discovery.

First Graphene seeks $6.2m

Graphite company First Graphene is planning to raise $6.2 million from a rights issue to expand its production facility in Henderson and increase marketing initiatives.

Antipa gets spending boost from Rio

Rio Tinto will spend $9.2 million exploring Antipa Minerals’ Citadel project in Western Australia this year, following a review of the joint venture agreement that considered the impacts of COVID-19.

Galileo to raise $5m

Galileo Mining has received commitments to raise $5 million through a share placement, including from IGO, as it seeks to ramp-up exploration activities at its Fraser Range project in Western Australia.

Pioneer seeks new owner

Pioneer Credit has started to engage with potential buyers of the business and is also seeking to refinance its $220 million debt, after last week’s collapse of the Carlyle Group takeover.

IGO to gain 18% stake in New Century

IGO will take up nearly one fifth of shares in New Century Resources under a $51.1 million capital raising announced today.

Northern Minerals seeks $27m

Rare earth explorer Northern Minerals is seeking up to $27 million from a capital raising to fund its development projects, as well as cover costs associated with the Browns Range pilot plant.

Salt Lake to raise $20m

Salt Lake Potash has moved a step closer to developing its Lake Way project in Western Australia after receiving $20 million in commitments from a capital raising.

Corporate lawyers pivot to new priorities

Perth’s top corporate lawyers have been busy helping their clients navigate the fallout from COVID-19.

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