Corporate finance deals Jul 22 to 26 2019

MEC Resources has placed $800,000 of the $1.3 million shortfall of its recent entitlement offer.

Bulletin Resources has acquired an 80 per cent interest in the Lake Rebecca gold project from Matsa Resources for $125,000 and a 1 per cent smelter royalty.

BBX Minerals has raised $1 million through a placement at 20 cents a share. The company has also issued 2.1 million shares in lieu of payments to contractors and joint venture partners.

Canyon Resources has raised $4 million through a placement at 16 cents a share.

New Zealand Coastal Seafoods’ reverse takeover of xTV Networks has progressed further with the successful completion of the company’s $5 million public offer priced as 2.5 cents a share.

Ansteel has completed its acquisition of Gindalbie Metals.

Artemis Resources has raised $2.7 million through a share purchase plan. The price of the offer was 80% of the five-day-volume-weighted price of the shares on the date of issue, which calculated to be 31 cents a share.

Latitude Consolidated has completed its acquisition of a 70 per cent interest in the Mbeta Lithium project in Zimbabwe for a total consideration of $US100,000.

Liontown Resources has announced an agreement to acquire Westgold Resources’ lithium royalties relating to the Buldania Lithium project for a consideration of $2 million.

Chalice Gold Mines has completed the sale of its Quebec gold projects to O3 Mining.

Marenica Energy has raised $1.6 million through a placement at 10 cents a share.