Gold explorer Catalyst Metals has entered a farm-in and joint venture agreement with major shareholder St Barbara to explore its Drummartin project in Victoria.
Catalyst Metals has announced that Gold Exploration Victoria, a subsidiary of Hancock Prospecting, has agreed to subscribe for a $13.02 million placement of Catalyst shares.
Three local resources companies have announced successful raisings worth a total of $12 million today, with uranium hopeful Vimy Resources, gold focused Explaurum and gold explorer Catalyst Metals all raising capital.
Catalyst Metals chairman Nathan McMahon says he will defer his salary as the company begins its strategy to reduce its non-core assets in light of the financial crisis.
Perth-based molybdenum miner and explorer Catalyst Metals Ltd has launched an options offer to raise up to $115,000 for working capital, after raising $3.2 million in its share float earlier this year.
The Directors of Catalyst Metals Limited are pleased to announce that the initial public offering to raise $3.2 million has closed as of Monday 10th July, and was well oversubscribed.