Corporate finance deals Jan 8 to Jan 12 2018

On 12 January 2018, Valmec completed the issue of 22,522,083 fully paid ordinary shares in the capital of the Company (Option Shares) upon the exercise of 22,522,083 listed options (ASX:VMXO) with an exercise price of $0.25 per option.

Pegasus Metals Limited (ASX:PUN) (“Pegasus” or the “Company”) is pleased to announce that it has entered into an agreement (“Agreement”) to acquire Scorpion Minerals Limited (“Scorpion”) which holds the rights to acquire up to a 70% joint venture interest in the Dablo Pd‐Pt‐Au‐Ni‐Cu (palladiumplatinum‐ gold‐nickel‐copper) exploration project (“Dablo Project”) located in Burkina Faso (“Transaction”). Pegasus is to acquire 100% of the issued capital of Scorpion for A$0.36M via the issue of a total of 12M fully paid ordinary shares in the capital of Pegasus at an implied price of 3 cents per Share. Pegasus will also assume the outstanding loan obligations of Scorpion under the A$0.5M loan facility with Investmet Limited (“Investmet”), an entity associated with Mr Michael Fotios.

 Automotive Holdings Group (ASX: AHG) has agreed to acquire two franchised automotive dealerships in the southern Auckland suburb of Manukau. The co‐located Hyundai and Mitsubishi dealerships are close to AHG’s existing Holden and Nissan dealerships in Manukau and will become part of the Group’s broader New Zealand operations. The acquisition involves a total consideration of NZ$7.5‐million for goodwill, plus stock and assets at valuation. It is subject to customary conditions, including manufacturer approvals, and is expected to settle late next month. Subject to completion, AHG will hold nine automotive franchises in Auckland.

 Trek Metals Limited (ASX:TKM) is delighted to advise that a binding term sheet (Term Sheet) has been signed to acquire 100% of the Kroussou Zinc‐Lead Project in Gabon from Battery Minerals Limited (ASX:BAT, BAT). Trek will pay Battery Minerals Limited US$400,000 in a mix of cash and securities plus a deferred consideration of shares and options, totalling US$2.5 million subject to a mineral resource of 250,000 tonnes of combined zinc‐lead metal being estimated on the Kroussou Project. Trek will also grant BAT a 2.5% NSR on the project which is subject to a 1% buyback by TKM with the payment of US$1.5million in cash.

 White Cliff Minerals Limited (“White Cliff” or “the Company”) advises that it has arranged a placement of 500,000,000 ordinary shares, at an issue price of $0.002 to raise $1,000,000 in working capital for the Company (“Placement”). The Placement has been made to clients of Gleneagle Securities Nominees Pty Ltd. The funds raised from the Placement will be used to further advance the Company’s exploration projects both in the Kyrgyz Republic and Australia

 Further to the Company’s announcements of 27 October 2017 and 17 November 2017 regarding the capital raising mandate (Mandate) with Alignment Capital Pty Ltd (ACN 167 124 754) (Alignment Capital), TikForce Limited (ACN 106 240 475) (Company) is pleased to advise: (a) it has received firm commitments for a proposed placement of 10,000,000 Shares at an issue price of $0.015 per Share to raise $150,000 from sophisticated and professional investors (Placement), together with one free attaching option for each placement share, exercisable at $0.03 on or before 31 October 2020.

The Board of Directors of Vmoto Limited (ACN 098 455 460) (Company) announces an equity capital raising of $2 million (before costs) comprising of a placement to raise $1.25 million (Placement) and a Share Purchase Plan (SPP) to raise a further $750,000.

 Regenerative medicine company Orthocell Limited (ASX:OCC, “Orthocell” or the “Company”) is pleased to report the successful completion of the Company’s Share Purchase Plan (“SPP”), with a pleasing shareholder response following the recent completion of the placement (“Placement”) in December 2017. The SPP was announced to the market on 13 December 2017 and successfully closed at 5pm AEDT on 5 January 2018. Applications for approximately 4.3m new fully paid ordinary shares were received, raising approximately A$1.5m.