CAPITAL MARKETS

Capital Watch: Excelsior, Burey and more

Raisings from Excelsior, Burey, Global Geoscience, Alloy, Maximus and Core

Kristie Batten

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Excelsior Gold has raised $A4.55 million in an oversubscribed placement lead managed by Patersons Securities.

The company issued 75.8 million shares at 6c per share, a 12% discount to the 30-day volume-weighted average price.

The Kalgoorlie North project is now fully funded to production.

Congo-focused Burey Gold has completed a bookbuild via private placement to sophisticated and professional investors to raise around $2.15 million.

The placement, managed by Hartleys, will be undertaken in two tranches, with the second tranche comprising free-attaching options.

Cygnet Capital will manage a placement of 500 million Global Geoscience shares at 0.2c per share to raise $1 million.

The placement will be conducted in two tranches with proceeds to be used for working capital.

Alloy Resources has received firm commitments from professional and sophisticated investors to raise $700,000.

Bell Potter acted as lead manager to the placement, which will see 100 million shares issued at 0.7c per share.

After completing a $200,000 private placement, Maximus Resources has launched a share purchase plan.

Funds raised will be used to advance the Spargoville project.

Finally, Core Exploration has announced a fully underwritten one-for-four non-renounceable rights issue at 0.3c per option to raise up to $130,000.

The options have a 5c exercise price within 22 months.

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