Capital Watch: Anson, Ardiden and more

A SUMMARY of capital raisings in the junior space this week.
Capital Watch: Anson, Ardiden and more Capital Watch: Anson, Ardiden and more Capital Watch: Anson, Ardiden and more Capital Watch: Anson, Ardiden and more Capital Watch: Anson, Ardiden and more



Anson Resources has agreed to place 20 million shares at A8.8c apiece to Zhongfan Group to raise $1.76 million.

The funds raised from the placement will be used to fast-track drilling at the Paradox lithium project to delineate a JORC resource.

Ardiden has raised $1.25 million in an oversubscribed placement to sophisticated and institutional investors.

The company’s strategic Chinese partner Yantai is participating, along with the Ardiden board.

The cash will be put towards the development of the Seymour Lake lithium project.

Hampton Hill Mining has launched a non-renounceable pro-rata entitlement offer at 2.5c per share to raise up to $1.47 million.

The funds will be used for working capital, to repay loans and maintain exploration tenements.

New South Wales explorer Helix Resources has completed an oversubscribed $1.2 million for drilling at the Collerina copper project.

Taylor Collison was lead manager to the placement, which had an issue price of 3c per share.

Golden Rim Resources has entered into a US$1 million drill-for-equity agreement with Ausdrill over the Kouri gold project in Burkina Faso.

Barra Resources has announced a $1 million share purchase plan for its cobalt and gold projects.

The issue price of 4.5c per share represents a 23% discount to the five-day volume-weighted average price.

Spectrum Rare Earths will start field work on its Pilbara ground after raising $888,888 in an oversubscribed placement.

DJ Carmichael and Alto Capital were joint lead managers.

GWR Group has launched an SPP to advance the Hatches Creek and Wiluna West projects.

The issue price is 8.5c, a 15% to the closing price prior to the announcement.

FYI Resources has completed an oversubscribed $600,000 placement to advance high-purity alumina studies.

Finally, gold explorer Tychean Resources has completed a fully underwritten non-renounceable entitlement offer to raise $385,000.