12/08/2019 - 17:27

Corporate finance deals Aug 12 to 16 2019

12/08/2019 - 17:27

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A summary of last week's smaller deals that did not get included in our daily news coverage.

Corporate finance deals Aug 12 to 16 2019

Meteoric Resources has raised $2.7 million through a placement of shares at 3.2 cents a share.

 

Metalsearch has announced plans to acquire the Abercorn alumina project in Queensland for $350,000 in cash and $1.4 million in shares.

 

VDM Group has acquired Seabank Resources' stake in the Cape Bengo project in Angola for 650 million VDM shares.

 

Sun Resources has raised $615,000 through a placement at 0.2 cents a share.

 

Oilex Ltd with Perseville Investing Inc and Terra Nova Energy (Australia) Pty Ltd to acquire up to a further 51.4997% interest in the Petroleum Exploration Licenses (PELs) 112 and 444 licenses in the Cooper-Eromanga Basins in South Australia. Oilex will acquire an interest of 30.833% in the Licenses for consideration of 9,166,333 ordinary shares in the company at a deemed price of 0.3 cents and $65,000 in cash for a total consideration of $92,499. In addition, the company has been granted an option to acquire a further 20.6667% participating interest in the Licenses. The Option can be exercised for consideration of 20,666,700 ordinary shares in the Company at a deemed price of 0.3 cents for a total consideration of $62,000.

 

Lithium Consolidated has announced a deal to sell the Tonopah lithium project to Argosy Minerals for an upfront payment of $US50,000 and a potential future milestone payment of $500,000.

 

Impact Minerals has signed an agreement to sell a sub-block of the EL8505 exploration licence in New South Wales to Alkane Resources for $101,000.

 

European Metals has raised £750,000 through a placement at 16 pence a share (roughly 32.2 cents).

 

Adveritas has raised $2.8 million at 10 cents a share in a placement to institutional and sophisticated investors.

 

Sabre Resources has announced a deal to acquire the Beacon Gold project for a consideration 6 million shares. Sabre also plans to raise $650,000 through a placement of 135 million shares at 0.4 cents a share.

 

Greenpower Energy is acquiring the Golden Ant gold project in Queensland. Consideration will consist of a $20,000 option fee, $50,000 in cash and $50,000 in shares on exercising the option, and up to $1.65 million in milestone performance payments.

 

Global Energy Ventures has raised $3 million through a placement at 15 cents a share.

 

Peako has completed the placement of the shortfall of its recent entitlement offer, raising a further $178,022 bringing the total raised to $756,945.

 

Stemify has raised a further $500,000 in oversubscriptions to its placement announced in June, bringing the total raised to $2.25 million. The company has also converted $1.37 million of total debt to shares.

 

Schrole has raised $800,000 through a placement at 0.8 cents a share.

 

CV Check has raised $3 million through a placement at 16 cents a share.

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