WA-based juniors Titan Minerals, Coziron Resources, Galan Lithium, Anglo Australian Resources, and Big River Gold have announced share placement activity on the ASX today.
Titan raised $6 million at an issue price of 15 cents each, with proceeds to be used to fund the company's strategic initiatives and for working capital purposes.
The company has a focus on gold exploration in Ecuador.
Coziron received $3 million at 1 cent per share, with capital raised to go towards undertaking exploration programs at its Ashburton magnetite project.
Galan raised $1 million via a private share placement at 18 cents each, and will undertake a share purchase plan to raise up to a further $1 million.
The funds raised will go towards commencing pre-feasibility study work at the Candelas North of its Hombre Muerto project.
Anglo Australian raised $1.4 million at 6.5 cents each for drilling at its Mandilla gold project.
Big River received $1.5 million at 1.5 cents each to fund the definitive feasibility study at its Borborema gold project in Brazil.
Pinnacle Corporate Finance was lead manager to the placement.