23/09/2019 - 14:18

Corporate finance deals Sep 16 to 20 2019

23/09/2019 - 14:18

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

Horizon Minerals has completed the sale of its Menzies and Goongarrie gold projects to Kingwest Resources.

 

K2Fly has raised $1 million through a placement at 16 cents a share.

 

Cazaly Resources has completed the sale of 80 per cent of Mt Venn gold project to Woomera Mining.

 

Sandfire Resources has entered into a farm-in agreement with Auris Minerals, whereby Sandfire can earn a 70 per cent interest in Auris’ Cashman tenements by issuing 30,000 shares, expending at least $1.2 million on exploration, make a discovery of at least 50,00 tonnes of copper equivalent, and complete a feasibility study.

 

Jadar Lithium has announced a deal to acquire the Yamina gold project in Peru from TSX-listed Wealth Minerals for $100,000 and a 1 per cent net smelter royalty

 

OpenDNA plans to acquire digital marketing company and China market entry specialist Quality Brands International for $175,000 in cash and $491,667 in shares, with further consideration of just under $2 million contingent on reaching certain revenue milestones.

OpenDNA has also announced a planned placement to raise $500,000 at 3.8 cents a share.

 

Haranga Resources has closed its entitlement offer raising $427,206 at 3 cents a share. The company received applications for 2.7 million of the shares on offer, leaving a 12.7 million share shortfall to be placed by the underwriter.

 

Swift Media has arranged a $3.6 million convertible note debt facility.

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