Victorian gold producer AuStar Gold has arranged a placement to raise A$5.5 million in two tranches, with every five new 0.45c shares to come with a 1c option expiring in two years.
The company will also give shareholders the opportunity to participate via a $1 million share purchase plan, with the option to accept oversubscriptions of up to a further $1 million.
The proceeds will be used to accelerate exploration at the Rose of Denmark and Morning Star gold mines, accelerate trial mining and production, regional exploration, and working capital.
Valor Resources has received firm commitments to raise $3 million in a placement to sophisticated investors at 1c per share.
CPS Capital Group was lead manager, with funds to be used to advance the Berenguela project in Peru.
Phosphate producer Avenira has received commitments to raise $2.8 million, with major shareholders Agrifos Partners, Tablo Corporation and Agrifields participating to the tune of $2 million.
The proceeds will be used for the Baobab expansion feasibility study.
Amani Gold has raised $2.7 million to advance the Giro gold project in the Democratic Republic of Congo.
The company placed 116.6 million at 1.5c each to raise $1.75 million, and will issue convertible notes with a face value of $953,000.
Furniture company turned explorer AssembleBay has upped its planned $2.5 million capital raising to $3 million due to strong demand.
The funds are being raised for the acquisition of ScandiVanadium Australia.
Graphite-vanadium developer Mustang Resources has received commitments to raise $2.4 million in a private placement led by DJ Carmichael and Jett Capital.
Directors will chip in $258,000, subject to shareholder approval.
Every two new 1.37c shares will come with a two-year 2c free-attaching option.
Conico is seeking to raise $1.2 million via a non-renounceable pro-rata rights issue at 4.8c.
The funds will go towards the Mt Thirsty prefeasibility study.
Citigold Corporation has launched an SPP at 0.63c per share to fund ongoing work at the Charters Towers gold project.
Finally, Tao Commodities will raise around $153,750 via the issue of options.
