30/09/2019 - 16:36

Corporate finance deals Sep 23 to 27 2019

30/09/2019 - 16:36

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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 23 to 27 2019

Blina Minerals has signed an agreement to acquire a 50 per cent stake in Colour Minerals, which owns the Barkly copper-gold project in the Northern Territory, for a consideration of $645,750 through the issue of 861 million shares at 0.075 cents a share.

 

Pura Vida Energy has completed its 35 per cent earn into Gemini Resources’ Gora and Nowa Sol projects through the completion of a $6.2 spend on the projects.

 

Metals Australia has agreed to pay $40,000 and 30 million shares to acquire three gold projects in Quebec. The Eade, Pontois, and Felicie gold projects collectively cover 26 square kilometres in the Lac Guyer greenstone belt.

 

Surefire Resources has raised $1.15 million through a placement at 0.92 cents a share.

 

Family Zone Cyber Safety has raised $4.75 million through a placement at 14 cents a share.

 

Golden Deeps has raised $1.1 million through a placement at 2.6 cents a share.

 

Magnum Mining & Exploration has closed its entitlement offer, raising $626,509 through the issue of 62.4 million options, leaving a shortfall of 38.9 million options.

 

Terrain Minerals has raised $250,000 through a placement of shares at 0.35 cents a share, a 12.5 per cent discount to the last traded price of 0.4 cents a share.

 

Caravel Minerals has closed its 1-for-7 entitlement offer, with a remaining shortfall of 12.6 million shares of the 25.8 million shares on offer.

 

Consolidated Zinc has completed its acquisition of the Plomosas mine in Mexico.

 

De.mem has raised $2.95 million through a placement of shares at 20 cents a share.

 

Sagon Resources has completed the acquisition of RareX, issuing 60 million shares as consideration, and exercised RareX’s option to acquire the Cummins Range project from Element 25 for $1 million in a 50:50 split of cash and shares.

 

Greenpower Energy has ceased operation in Guyana and is looking for a bidder for its Morabisi rare earths- lithium project.

 

Oilex has entered an agreement to acquire Senex Energy’s in 27 petroleum retention licences in the Cooper-Eromanga basin. Under the agreement Oilex will assume the the future rehabilitation liability for the project, estimated to be $1.1. million.

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