Capital Watch: Tawana, Collerina and more

RAISINGS from Tawana, Collerina, Altech, LeadFX, Kopore, Lefroy and Enterprise.
Capital Watch: Tawana, Collerina and more Capital Watch: Tawana, Collerina and more Capital Watch: Tawana, Collerina and more Capital Watch: Tawana, Collerina and more Capital Watch: Tawana, Collerina and more

Staff reporter

Lithium producer Tawana Resources has completed a placement at 40c to an institutional investor to raise A$4.87 million.

The raising was conducted in place of a $5 million conditional placement at 41c announced in April due to market conditions.

Canaccord Genuity acted as lead manager.

Collerina Cobalt has launched a one-for-10 rights issue to raise around $4 million to advance its HPA First process.

The 8c per share issue price is a 26.6% discount to the one-month volume-weighted average price of shares.

Bell Potter Securities is lead manager and will also underwrite the offer in full.

HPA developer Altech Chemicals has launched a share purchase plan to raise up to $3 million.

Shares are priced at 16.5c, the same price as a previously announced $20 million placement.

LeadFX has placed C$2.9 million worth of shares to partner InCoR Energy Materials.

The proceeds will be used for early engineering works and metallurgical test work at the Paroo Station lead mine in Western Australia.

Copper explorer Kopore Metals has completed an oversubscribed placement to raise A$2.67 million.

The placement price was 2.5c per share, an 8% discount to the last closing price.

The proceeds will be used to drill high-priority targets in Botswana.

Lefroy Exploration has raised $2.59 million in an oversubscribed share placement at 16c per share, a 3% discount to the last close.

New joint venture partner Gold Fields has exercised its full entitlement and will hold 9.9% of Lefroy following the placement.

Bridge Street Capital Partners was lead manager and bookrunner, while New Holland Capital was joint lead manager.

Finally, Enterprise Metals has received firm commitments to raise $500,000.

Somers and Partners acted as lead manager to the placement, which was conducted at 1.8c per share, a nil discount.

The proceeds will be used to advance the Murchison project.

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