29/07/2019 - 16:42

Corporate finance deals Jul 22 to 26 2019

29/07/2019 - 16:42

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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 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.

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