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South Africa-focused Stonewall Mining has entered into two subscription agreements for a combined A$6 million in private placements.
The company will issue $4 million worth of shares at 4c per share, and $2 million at the 20-day volume-weighted average price at the time of issue.
Existing major shareholder Fineway Creation will subscribe for $1.5 million, while new investor, Hon Kong-based Chinese billionaire Mingliang Zhu, will subscribe for $4.5 million in two tranches.
The funds will be used to advance the feasibility study for the Theta Hill open pit project.
Copper-zinc developer Venturex Resources is conducting a share purchase plan to raise up to $3 million.
The funds will be used for early works and to order long-lead items for the Sulphur Springs project.
Shares will be issued at 18c, an 18% discount to the 10-day volume weighted average price.
Arafura Resources has launched an underwritten share purchase plan to raise $3 million.
Patersons Securities is lead manager and underwriter to the offer, with shares to be issued at a 20% discount to the five-day VWAP before the issue date.
The funds will be used to progress the Nolans neodymium praseodymium project in the Northern Territory.
Sipa Resources has taken advantage of market interest to raise $1.5 million in a placement to be used for Paterson Province exploration.
The top-up placement, lead managed by Patersons Securities, is in addition to the recent $1.5 million SPP.
Tungsten-focused King Island Scheelite has raised $1.375 million via an oversubscribed placement to sophisticated and professional investors.
Shares were issued at 8c each, a 10% discount to the five-day VWAP.
Mac Equity Partners acted as lead manager, with funds to be used to advance the Dolphin project to a development decision.
Celamin Holdings' SPP raised $622,500, 92% of the maximum sought.
The company then raised a further $336,502 via a top-up placement to sophisticated investors.
The funding will be used to continue legal action for the recovery of the Chaketma project, initial exploration on new permits and working capital.
