Pancontinental Oil & Gas NL has successfully completed the acquisition of 100% of the shares of Bombora Natural Energy Pty Ltd.
Pancontinental Oil & Gas NL has received commitments for a placement to sophisticated and professional investors to raise up to $2 million through the issue of up to 1 billion fully paid ordinary shares at an issue price of 0.2 cents per share.
Vector Resources has received firm commitments for a placement to sophisticated and professional investors of 157,472,151 new shares at an issue price of A$0.005 per share to raise gross proceeds of approx. A$787,360
GBM Resources Limited has completed the sale of 17,610,618 ordinary shares in Anchor Resources Pte Ltd, a company listed on the Catalist Board of the Singapore Stock Exchange, for a total amount of $1.257 million. The total original investment of 35,221,236 ordinary Anchor shares was acquired pursuant to a share swap agreement relating to GBM’s original shareholding in Angka Alamjaya Sdn Bhd, which was vended into the Initial Public Offer of Anchor in March 2016.
Image Resources NL has received commitments to subscribe for a placement of 33,648,356 new shares at a price of 9 cents each, to raise $3,028,352 (before costs). The placement commitments were received from new and existing shareholders of the Company.
Triton Minerals Limited has announced that the Company’s largest shareholder, Shandong Tianye Mining Co. Ltd (STM), has reaffirmed its commitment to Triton and its world class graphite portfolio through a strategic placement and agreement to provide technical and marketing services in China. Strategic Placement STM has agreed to subscribe to a placement in Triton of 25.625m fully paid ordinary shares in the Company (Shares) at an issue price of $0.048 per share to raise approximately A$1.23m. The Placement has been priced in line with Triton’s average share price over the past month and a premium to the last traded price.
Altech Chemicals Limited is pleased to advise that German engineering firm SMS group GmbH (SMS) has now completed a US$100,000 initial subscription of fully paid ordinary shares of the Company. The share subscription was originally announced on 16 May 2017, when Altech advised of the appointment of SMS as the engineering, procurement and construction (EPC) contractor for the Company’s proposed Malaysian high purity alumina (HPA) plant.
Diversified minerals explorer and developer, Ardiden Limited is pleased to advise that the Share Purchase Plan offered to existing shareholders closed on 7th July 2017. The SPP obtained strong shareholder support with total bids in the SPP of just over $1,000,000 were received. The price was $0.015 a share.
New Century Resources Limited (formerly Attila Resources Limited) is pleased to announce the completion of the transaction to acquire an initial 70% of the issued capital in Century Mine Rehabilitation Pty Ltd. In addition, the Company has raised $5,150,000 under the public offer pursuant to the prospectus dated 20 June 2017.
MetalsTech Limited is pleased to announce it has successfully completed a share placement to sophisticated and institutional investors to accelerate exploration and development at the Company’s 100%-owned Bay Lake High Grade Cobalt Project and its 100%-owned Cancet Lithium Project.
Caravel Minerals has issued 13,554,000 shares at an issue price of $0.05 to participants in a placement, raising $677,000.
Cape Lambert Resources Limited has entered into a binding terms sheet with Fe Limited, whereby Cape Lambert will assign to FEL 100% of the rights and obligations it has in the Kasombo Copper-Cobalt Project located in the DRC. In consideration for Cape Lambert assigning its rights in the Kasombo Project to FEL, FEL agrees to issue 25 million fully paid ordinary shares in FEL at a deemed issue price, equal to the volume weighted average closing price of FEL shares as quoted on ASX over the last five (5) trading days immediately preceding the execution of the Terms Sheet, to Cape Lambert.
Classic Minerals Limited has executed a binding agreement to secure the option to acquire a 100% interest in two exploration licences held by Sulphide Resources Pty Ltd which host a combined area of 37.5km² known as the Kat Gap Project. Classic and the Vendor have entered into a binding agreement giving Classic an option to acquire the Vendor’s interest in E74/422 and E74/467. Under the Agreement, Classic has paid the Vendor $50,000 for an 18 month option to acquire the Vendor's rights and title in the tenements for a further payment of $250,000. In addition to the option fee, CLZ must spend $140,000 on the tenements during the option period; Classic will also grant a 2% NSR royalty on production from E74/422 and E74/467 (or any replacement tenements). The acquisition includes 100% of the Vendor’s rights in the following tenements: E74/422 and E74/467.