Capital Watch: Metminco, AustSino and more

JUNIOR explorers, including Metminco, AustSino, Sarama and Technology Metals, hit the market to raise funds.

Capital Watch: Metminco, AustSino and more Capital Watch: Metminco, AustSino and more Capital Watch: Metminco, AustSino and more Capital Watch: Metminco, AustSino and more Capital Watch: Metminco, AustSino and more

Dual-listed Metminco has announced a seven-for-two renounceable rights issue to raise around A$5.1 million, along with a placement to raise $190,000.

Both issues are being conducted at 1c, and every three new shares will come with a two-year 1.3c option.

Patersons Securities has been appointed as lead manager and underwriter, though the extent of the underwriting has not been finalised.

The funds will be used to accelerate drilling in Colombia.

AustSino Resources Group (formerly Padbury Mining) has raised $4.44 million as it looks to be reinstated to trading after a lengthy suspension.

A Chinese investor subscribed for 300 million sha...