26/08/2019 - 09:09

Corporate finance deals Aug 19 to 23 2019

26/08/2019 - 09:09

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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 19 to 23 2019

Carnarvon Petroleum has closed its share purchase plane, having raised $3.5 million.

 

Inca Minerals has raised $150,000 through a placement at 0.375 cents a share.

 

Global Vanadium has increased the size of its previously announced placement from $250,000 to $600,000.

 

Tempus Resources has announced plans to acquire the Blackdome-Elizabeth gold project in British Colombia for a total of $C685,000.

 

Vanadium Resources has closed its share purchase plan, raising $5,000 at 8.5 cents a share.

 

Estrella Resources has issued 800,000 shares at a deemed price of 1 cent a share to a drilling services provider in lieu of payment for work performed.

 

Jindalee Resources has raised $1.05 million through an entitlement offer at 30 cents a share. The company placed the $339,023 shortfall soon after the close of the offer.

 

RMG has raised $195,000 through a placement at 1.3 cents a share.

 

Wellard’s proposed sale of the M/V Ocean Swagman to Nova Marine Carriers subsidiary Trim Shipping has fallen through. Wellard has resumed negotiations with Heytesbury who had made an earlier lower bid for the ship.

 

Black Rock Mining has completed a $3 million placement of shares at 7 cents a share.

 

BlackEarth Minerals has raised $1.7 million through a placement at 6 cents a share.

 

BPH Energy will acquire a 10 per cent stake in cannabis company Patagonia Genetics for 150 million shares and $100,000 in cash. BPH may acquire a further 39 per cent holding for $700,000 and 450 million shares.

 

De Grey Mining has completed its acquisition of Indee Gold.

 

Fraser Range Metals Group has announced a deal to acquire Wildcat Resources, which holds the Mount Adrah gold project in NSW. Consideration consists of 63.9 million shares at a deemed price of 1.6 cents a share and 134 million performance shares.

 

Marindi Metals has completed its entitlement offer raising $2.2 million at 0.1 cents a share. Acceptances totalled less than half the shares on offer, with the remainder being raised through a shortfall placement.

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