A summary of last week's smaller deals that did not get included in our normal coverage of the daily news.
Classic Minerals has closed its share purchase plan, raising $709,500 out of the maximum $$900,000.
Graphex Mining has received subscriptions to purchase 12,534,605 fully paid ordinary shares at $0.20 cents per share to raise $2.5 million through a placement to professional and sophisticated investors.
Titanium Sands has announced plans to acquire a package of mineral sands tenements adjacent to its existing Mannar Island project. Titanium Sands will acquire Bright Angel, a Mauritian company controlled by existing Titanium Sands shareholder Robert Nelson. Post-acquisition, Mr Nelson’s holding in TSL will increase from 15.75 per cent to 49.2 per cent.
Adx Energy has entered a funding agreement, issuing $1.2 million in convertible notes. The loans will accrue interest at 10 per cent per annum, and can be converted to shares at the lower of 0.7 cents a share or the price of any capital raising during the term of the loan.
Cycliq Group has raised $170,000 through a placement at 0.1 cents a share.
Artemis Resources has announced plans to acquire Rincon Resources, which owns the South Telfer gold project. Consideration for the deal is $2.7 million in Artemis shares with additional performance rights.
Marindi Metals has raised $416,000 through a placement at 0.1 cents a share. The company aims to raise a further $2.22 million through a 1-for-1 entitlement offer.
4DS Memory has issued 65 million shares to raise $3.25 million at 5 cents a share. The company has also launched a share purchase plan to raise a further $750,000 at the same price.
Korab Resources has raised $14,000 through a placement at 3.5 cents a share.
White Cliff Minerals has announced plans to sell its 90 per cent holding in the Aucu copper-gold project in Kyrgyzstan to Pangea Gold Corporation for $US1.8 million.
Australian Mines’ $5 million share purchase plan has closed oversubscribed. A total of $5.8 million was raised, with the company accepting the oversubscriptions. While Australian Mines had previously said it might top up the SPP with a further $5 million placement, it has chosen not to seek such a placement.
Marquee Resources has raised $1 million through a placement at 10 cents a share.
St George Mining has raised $3 million through a placement at 10 cents a share. Moho Resources contributed $500,000 to this total, obtaining a 1.37 per cent holding in St George.
