Avoca, Marengo, View, Niagara all find funds

West Perth based gold and copper explorer Avoca Resources today finalised a $15 million one year facility with Societe Generale CIB Australia Branch to advance development of the company's Trident Gold Project at Higginsville in Western Australia and to provide working capital.

Meanwhile, diversified metal company Marengo Mining announced a $12.5 million capital raising to underpin the company's next phase of activity at its Yandera Copper-Molybdenum project in Papua New Guinea, including pre-feasibility study and ongoing program of diamond drilling designed to increase the initial 371 million tonne copper-molybdenum resource.

View Resources has approved a $16.5 million project loan facility with Investec Bank.

West Perth based nickel miner Niagara Mining Ltd is also in capital raising mode, looking to raise up to $9.5 million for working capital purposes including the exploration and development of its Windarra Nickel Project.

The placement of up to 25 million shares will be made to US and Australian institutional investors.