07/10/2019 - 09:51

Corporate finance deals Sep 30 to Oct 4 2019

07/10/2019 - 09:51

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A summary of the smaller deals from last week, which did not get included in our daily news coverage.

Corporate finance deals Sep 30 to Oct 4 2019

Exore Resources has raised $10 million through a placement at 8.5 cents a share.

 

DevEx Resources has raised $4.6 million through a placement at 8 cents a share.

 

New World Cobalt has raised $2 million through a placement at 2 cents a share.

 

Norwest Minerals has closed its 1-for-3 entitlement offer, raising $3.1 million at 15 cents a share.

 

Strategic Elements has closed its $1 million share purchase plan heavily oversubscribed, with applications exceeding $2.2 million.

 

Azure Minerals has raised $4 million through a placement at 17 cents a share.

 

Red Mountain Mining has announced plans to acquire the Mt Kokeby kaolin project for 310 million shares and $500,000.

 

Great Boulder Resources has closed its 4 cents a share entitlement offer raising only $437,424 of the $1.3 million sought.

 

The ASX has delisted Cleveland Mining Corporation after three years of continuous suspension of trade in its shares.

 

Black Cat Syndicate has raised $5 million through a placement at 43 cents a share.

 

Gulf Manganese Corporation has placed 64 million shares at 0.6 cents a share, raising $385,000.

 

Metalicity has raised $203,063 through a placement at 0.6 cents a share to a sophisticated investor.

 

Southern Cross Electrical Engineering has announced an underwriting deal for its previously announced $7 million dividend reinvestment plan. The $6.4 million shortfall will be placed by Euroz Securities and Moelis Australia.

 

Sacgasco has raised $400,290 through an option entitlement offer.

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