A summary of last week's smaller deals that did not get included in our daily news coverage.
Key Petroleum has raised $400,000 by way of a placement at 0.32 cents a share.
Galan Lithium has announced a $2 million capital raising at 18 cents a share. The company has received $1 million in commitments to a placement, and will be raising a further $1 million through a share purchase plan.
Parkway Minerals has announced plans to acquire unlisted Australian company Consolidated Potash Corporation, and to raise $450,000 at 0.5 cents a share. As consideration for the acquisition, CPC shareholders will receive 479.6 million Parkway shares and 123.33 million partly paid shares. Parkway will also transfer 10 million Davenport Resources shares and issue an additional 11 million Parkway shares to Lions Bay Capital to repay a loan to CPC.
Westgold Resources has announced a planned demerger of its Northern Territory polymetallic assets through the listing of current subsidiary Castile Resources. Westgold Shareholders will receive one Castile share for every four Westgold shares they own, and Castile will subsequently raise 19 million through a one-for-one entitlement offer at 20 cents a share. Castile will also acquire two additional tenements from Andromeda Metals for a consideration of $650,000.
Resolute Mining has taken control of Toro Gold, having completed the acquisition of 94 per cent of Toro’s shares.
Centaurus Metals has announced a deal to acquire the Jaguar nickel sulphide project in Brazil from Vale in an asset swap deal. Centaurus will pay $US250,000 in cash and transfer ownership of its Salobo West exploration licences to Vale in consideration for the project.
De.mem has completed its acquisition of Pumptech. Tasmania.
Indiana Resources has raised $372,420 through its entitlement offer at 2.4 cents a share. Only 15.5 million of the 41.2 million shares on offer were applied for, leaving an $851,520 shortfall.
Peako has raised $578,923 through an entitlement offer at 2 cents a share.
Oilex has announced plans to acquire Holloman Energy Corporation’s PEL 112 and 44 licences in the Cooper-Eromanga basin. Consideration is cash and shares for a total deemed consideration of $145,500.
Winchester Energy has raised $2.5 million through a placement at 2.5 cents a share.
Castillo Copper plans to raise £300,000 through a convertible notes issue.
EVE Investments has raised and additional $100,000 on top of its placement announced in July.
Nickelore has completed its acquisition of Lone Star Energy, following the raising of $4.7 million in a public offer. The company is relisting as Stonehorse Energy at the completion of the reverse takeover.
