09/09/2019 - 11:17

Corporate finance deals Sep 2 to 8 2019

09/09/2019 - 11:17

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

Corporate finance deals Sep 2 to 8 2019

Bardoc Gold has announced a deal to acquire the Vettersburg tenement in the north Kalgoorlie district for $60,000 and 3 million options with an exercise price of 20 cents.

 

Alicanto Minerals has raised $910,000 through a placement at 5.22 cents a share.

 

Genesis Minerals has closed its underwritten entitlements offer with valid applications received for $2.35 million of the shares on offer, leaving a $3.7 million shortfall that will be taken up by underwriter Alkane Resources.

 

Great Southern Mining has closed its option entitlement offer, raising $835,884 at 1 cent an option. Each option is exercisable at 5 cents and have a term of three years.

 

Bathurst Resources has committed to the second stage of the Crown Mountain joint venture with Jameson Resources, acquiring an additional 12 per cent stake with a subscription of $C7.5 million.

 

Range Resources has announced a deal to sell its Trinidad assets to LandOcean for $US2.5 million and the forgiveness of $US91 million in debts.

 

Eden Innovations has received $2.9 million in valid applications to its recently closed share purchase plan at 5 cents a share.

 

Babylon Pump & Power has completed a topup placement of $1.5 million at 1.516 cents a share to complement the recently completed share purchase plan at the same price.

 

Greenpower Energy has raised $900,000 through a placement at 0.1 cents a share, and plans to raise a further $460,000 through an entitlement offer.

 

GTI Resources has completed its acquisition of Voyager Energy, which owns a number of prospective uranium and vanadium projects in Utah.

 

Key Petroleum has completed a placement to raise $63,282 at 0.65 cents a share.

 

Consolidated Zinc will acquire the remaining 10 per cent interest in the Plomosas mine in return for a 1 per cent net smelter royalty.

 

Traka Resources will acquire the remaining 45.6 per cent of the Gorge Creek joint venture for 30 million shares, valuing the transaction at $390,000.

 

Valor Resources has entered an agreement to acquire Bullfich One, holder of rights to earn into the Radio Gold Mine project. Valor will issue 100 million shares to Bullfinch’s parent company Sulphide-X, and may issue up to 300 million further shares on the achievement of certain milestones.

 

Marquee Resources has completed its acquisition of Centenario Lithium.

 

RBR Group has raised $1 million through a placement at 1.4 cents a share.

 

Triangle Energy Global has raised $3.6 million through a placement at 7.5 cents a share.

 

Aldoro Resources has announced a deal to acquire Altilium Metals, which owns a number of nickel and gold assets in the Murchison region. Consideration for the deal will be 10.8 million shares. Aldoro also plans to raise $650,000 through a placement at 15 cents a share.

 

Horizon Minerals has increased its bid for Focus Minerals Coolgardie project from the $40 million value announced in February to $55 million, following Focus receiving a competing offer.

 

RTG Mining has announced a deal to acquire White Cliff Minerals’ 90 per cent stake in the Chanach gold-copper project in the Kyrgyz Republic for $US2.15 million in cash and $US0.5 million in shares.

 

African Gold  has announced it will acquire Abra Resources, which owns the Samanafoulou, Sitikili, Yatia, Golokasso gold projects in Mali. Upfront consideration consists of $125,000 in cash and 3 million African Gold shares at a deemed issue price of 16.5 cents a share.

 

Centaurus Metals has completed the acquisition of Vale’s Jaguar nickel project in northern Brazil.

 

Torian Resources has raised $440,000 through a placement at 1 cent  a share.

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