Black Cat Syndicate has launched a $10 million share placement, with three other Western Australian-based explorers also seeking funds to progress their gold and copper projects.
Gold explorer Anova Metals will appoint a new managing director upon completion of a proposed $3.9 million capital raising, while also entering into a loan agreement with a Hong Kong-based investment group for $2.5 million.
Caravel Minerals has announced the resignation of its entire board today, while the outgoing directors have agreed to withdraw legal proceedings against incoming director Alasdair Cooke.
West Perth-based Caravel Minerals has been forced to call a general meeting to vote on the election of two new directors, who are part of a dissident group that had also wanted shareholders to vote on the removal of three existing board members.
Sophie Raven has been appointed company secretary of Australian Potash. Leigh-Ayn Absolom has resigned as company secretary but remains as the company's financial controller.
Managing director Tim Dobson has been made redundant in a company restructure that has redirected all activities to Anova Metals' Perth office and closed its Brisbane office.
It's the kind of story that would be big news in so many places.
A couple of boffins come together with a pair of money men, see a gap in the market, and set up a business.
