Corporate finance deals Sep 17 to 21, 2018

Vango Mining, which is focused on the exploration and development of the Plutonic Dome Gold Project located in the Midwest Region of Western Australia is pleased to announce an off-market takeover offer to acquire all of the ordinary shares in Dampier Gold. Dampier Gold shareholders who accept the Offer will, subject to the fulfilment or waiver of the conditions to the Offer, receive two Vango ordinary shares for every seven Dampier Gold ordinary shares they hold. Based on the ASX closing price of Vango Shares on 14 September 2018 of 19.5 cents, the Offer values each Dampier Gold Share at 5.6 cents. This represents a 86.7% premium to the closing price of Dampier Gold Shares on the ASX on the same date of 3.0 cents. On the basis of the 1 and 3 month volume weighted average prices of the shares traded in both companies on the ASX, the Offer represents premiums of 98.3% and 98.7% respectively.

Estrella Resources advises that the non-renounceable entitlement issue of one (1) quoted Option for every three (3) Shares held to raise approximately $163,961 as announced to the ASX on 23 August 2018, closed on 14 September 2018. The Company received total application proceeds for the Entitlement Issue Options of $72,784. Accordingly, the Company advises the results for the Entitlement Issue are:

Number of Entitlement Issue Options subscribed for: 72,783,633

Number of shortfall Options: 91,177,464

Total Number of Options offered under the Offer: 163,961,097

Bass Metals has entered into a second underwriting agreement for the exercise of an additional $2.0 million worth of the Company’s listed option series. This follows the successful completion via the early exercise of options of an initial $4.5 million option expiry underwriting.

Pioneer Resources, is pleased to announce a significant farm-out Agreement with Novo Resources Corp. which will fast track exploration at the Company’s 100%-held Kangan Gold Project, located within the Pilbara of Western Australia. Under the terms of binding agreements and subject to certain regulatory approvals, Novo will: Pay to Pioneer a signing fee of $200,000 cash; Issue 100,000 fully paid common shares in Novo (worth circa $380,000 at current market prices); Sole fund $0.5 million of exploration expenditure within 2 years to achieve a 70% Earned Interest and then may elect to form a Joint Venture (JV); and Novo will continue to sole fund all JV expenditure prior to a “Decision to Mine” being made. Novo will also subscribe to $1.0 million in Pioneer shares at $0.02 per share.

Marenica Energy advises that it has completed a capital raising to raise a total of $1,178,000, before costs. The placement of 11,780,000 fully paid ordinary shares at an issue price of 10 cents per Share plus 5,890,000 attaching Options which will be granted on the basis of one Option for every two Shares subscribed, will raise a total of $1,178,000, before costs. The unlisted options will have an exercise price of $0.17 per share, exercisable within two years of grant (“Option”).

Decimal Software is pleased to announce that it has entered into a binding Scheme Implementation Agreement with Sargon Capital Pty Ltd under which Sargon has agreed to acquire 100% of the issued shares in the Company for 1.41 cents cash per share by way of a Court approved scheme of arrangement. The cash consideration of 1.41 cents per Decimal share offered under the Proposal represents a 76% premium to the last closing price of Decimal shares of 0.8 cents, and a 35% premium to the 30 day VWAP of Decimal shares on ASX prior to the date of this announcement.

Inca Minerals has today completed a placement of 32,961,000 Shortfall Shares, each with an attaching free Shortfall Option, at an issue price of 0.5 cents per share. The Placement was issued to existing shareholders on 19 September 2018 using shortfall securities arising out of the offers detailed in the Company’s Prospectus dated 2 August 2018. The Placement raised a total of $164,805 and now means a 64.5% take-up of the offers under the Prospectus. The funds raised will be used for exploration at the Company’s zinc-silver-lead projects in Peru and for working capital.

Trek Metals is pleased to advise that it has received commitments from new and existing sophisticated and professional investors for the issue of approximately 115.4 million new shares at an issue price of $0.013 per share to raise $1,500,000 before costs.

Sabre Resources announced on the 16 August 2018 an offer of fully paid ordinary shares and one free attaching option per share under a share purchase plan. The SPP closed on the 19 September 2018. The Company has today issued 1,733,326 fully paid ordinary shares and 1,733,326 Options exercisable at $0.03 each on or before 31 October 2019 to raise $27,000 from receipt of funds from SPP participants. As announced on the 16 August 2018, the SPP was underwritten to the extent of $500,000. On receipt of the funds from the underwriter the company will issue 33,333,333 fully paid ordinary shares and 33,333,333 Options exercisable at $0.03 each on or before 31 October 2019.

RCR Tomlinson today announces the successful completion of its underwritten 1 for 1.65 accelerated pro-rata non-renounceable entitlement offer announced on Tuesday, 28 August 2018. The retail component of the Entitlement Offer closed on Wednesday, 19 September 2018. Approximately 2,821 applications were received from eligible retail shareholders under the Retail Entitlement Offer raising approximately $14.4million at the offer price of $1.00 per new RCR share. The Retail Entitlement Offer achieved a take-up rate of approximately 47%. This follows the successful completion of the institutional component of the Entitlement Offer on Thursday, 30 August 2018, which raised approximately $70 million.

The approximately 16.0 million New Shares not taken up under the Retail Entitlement Offer will be allocated to various sub-underwriters of the Retail Entitlement Offer