Consolidated Zinc has raised $A3.5 million in an oversubscribed placement to sophisticated investors and Singapore-based trading group Funan Group.

The company raised $1.3 million in a placement at 4.5c per share, lead managed by DJ Carmichael, while Funan will provide $2.2 million in funding.

Funds will be used to advance the Plomosas zinc project in Mexico.

Artemis Resources has raised $2.3 million in an oversubscribed placement at 0.1c per share.

Due to the issue of 2.3 billion shares, the company’s shares on issue will increase to 3.6 billion.

The company has already started drilling in the West Pilbara.

Dual-listed Uranium Resources has completed a private placement of 2.5 million shares to raise $US1 million.

The company, which recently merged with Anatolia Energy, will use the funds to advance the Temrezli project in Turkey.

Finally, Cazaly Resources has completed a bookbuild for a placement of 8.3 million shares at A3c per share to raise $205,000.

Each share will come with a free-attaching option.

 

Joint managing directors Nathan McMahon and Clive Jones have provided an additional $200,000 in funds via convertible notes.