Capital Watch: Corazon, Cradle and more

THE past two weeks saw cash continue to flow in for juniors to fund exploration.
Capital Watch: Corazon, Cradle and more Capital Watch: Corazon, Cradle and more Capital Watch: Corazon, Cradle and more Capital Watch: Corazon, Cradle and more Capital Watch: Corazon, Cradle and more

 

MiningNews.Net

Corazon Mining has received commitments from institutional and sophisticated investors to raise around A$3.4 million for cobalt and nickel exploration.

The company will issue 226 million shares at 1.5c per share in the placement managed by Hartleys.

Major shareholder Hanking Australia Investments participated to maintain its 11.5% stake.

Cradle Resources has issued 24.2 million shares at 12c per share to raise $2.9 million.

The proceeds will be used to advance the Panda Hill niobium project in Tanzania.

Rare earths developer Northern Minerals has completed a private placement to sophisticated investors to raise $2.15 million.

The company said the placement followed strong interest from several parties following the announcement of project enhancement initiatives for the Browns Range project.

Superior Resources is raising up to $1.8 million for Queensland base metals exploration.

The raising was conducted via an oversubscribed $625,619 placement and $1.2 million pro-rata rights issue.

The issue price for both offers was 0.9c, with every two new shares to come with a free-attaching 1.6c option expiring in August 2019.

NTM Gold has raised $1.5 million in a heavily oversubscribed placement to new and existing shareholders at 5c per share.

Funds will be used to accelerate drilling at the Redcliffe project.

King River Copper has placed 40 million shares at 3c each to raise $1.2 million.

The company is now fully funded to complete current metallurgical test work, complete the scoping study on the Speewah vanadium-titanium-iron project and drill the Mt Remarkable gold project.

Protean Energy has raised $1 million in a placement managed by CPS Capital.

The proceeds will be used to accelerate work on the Daejon vanadium project in South Korea.

AIM-listed Metal Tiger has agreed to invest a further £300,000 in Thor Mining via a placement at a 20% premium.

Metal Tiger will receive a one-for-one warrant expiring in two years.

Dome Gold Mines has reached agreement to place 4.3 million shares at 20c per share to raise $875,497.80.

The company has also issued 4.4 million unlisted options.

Finally, Pacifico Minerals has received binding commitments to raise $750,000.

Every two new 0.6c shares issued with come with a free-attaching option, exercisable at 1.5c within two years.

The proceeds will be used to drill the Borroloola copper project in the Northern Territory.

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