Capital Watch: Aeon, Volt and more

EQUITY markets reopen for junior explorers following the holiday period.

Capital Watch: Aeon, Volt and more

Aeon Metals has launched a A$5 million share purchase plan at 28c per share.

Proceeds of the SPP will be used to further pay down debt to OCP Asia Group.

Volt Resources has raised $4.7 million via the exercise of listed options, with 90% of optionholders exercising before the deadline.

The shortfall was underwritten by Empire Capital Partners and Cove Capital.

The proceeds will be used to advance the Bunyu graphite project in Tanzania.

DevEx Resources will undertake a one-for-two non-renounceable rights issue at 0.8c per share to raise up to $2.84 million.

Major shareholder and chairman Tim Goyder will take up his full entitlement, while other directors will take up all or part of their entitlements.

The cash will be used to advance the Dundas lithium project and West Arnhem copper-gold-uranium project.

The exercise of 24 million listed 10c options has raised $2.4 million for Zenith Minerals.

The new funds will be used to advance projects in WA, Turkey and North America.

Celamin Holdings has raised $1.55 million in a placement to existing shareholders and clients of Patersons Securities.

Funds will be used for enforcement of the final arbitration award over the Chaketma phosphate project in Tunisia.

White Cliff Minerals has raised $1 million via a placement in two tranches.

The proceeds of the placement, made to clients of Gleneagle Securities Nominees, will be used for exploration in the Kyrgyz Republic and Australia.

Fe is currently raising $1 million at 3c per share for work at the Kasombo copper-cobalt project in the Democratic Republic of Congo.

Kalia has placed 80 million shares at 1.4c per share to investors introduced by Bell Potter.


Dome Gold Mines has placed 300 million shares at 20c per share to raise $600,000, as well as 3.3 million options.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.


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