22/07/2019 - 15:45

Corporate finance deals Jul 15 to 19 2019

22/07/2019 - 15:45

Bookmark

Save articles for future reference.

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

Corporate finance deals Jul 15 to 19 2019

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.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options