Brazilian gold producer Orinoco Gold has launched a 19-fo-10 renounceable entitlement issue to raise up to A$5.4 million, at 0.2c per share.
The offer is fully underwritten by Empire Capital Partners, with Orinoco joint venture partner AngloGold Ashanti to take up its entitlement and sub-underwrite up to a maximum holding of 19.9% ($1.4 million).
The funds will be used to advance the Cascavel mine and for working capital.
Gold developer Geopacific Resources has raised $4.3 million in an oversubscribed placement to fund project financing due diligence.
The placement, managed by Petra Capital, was completed at 0.85c, a 23% discount to the last traded price.
Resource Capital Funds divested its 17% stake in the company in a block trade, in conjunction with the placement.
Meteoric Resources has appointed CPS Capital as lead manager, broker and underwriter to a $2.64 million capital raising to fund the acquisition of the Juruena gold project in Brazil.
Roughly 264 million shares will be issued at 1c each in two tranches.
The company will also seek to raise an additional $750,000 via a share purchase plan at the same price.
Investor DGO Gold has completed a $2.1 million raising to institutional and sophisticated investors.
It takes the total raised recently to $4.77 million.
AIM-listed Cadence Minerals has raised £1.3 million through a placement to fund initial exploration on its Australian lithium assets, ongoing due diligence and project review across several other potential investments.
Earlier this month, Cadence picked up a 4% exposure to thcentree lithium prospects in Australia as part of earn-in deal with two private companies, Lithium Technologies and Lithium Supplies, that was originally focused on Argentina.
Centaurus Metals was seeking to raise $1.65 million but increased the offer to $2.2 million due to oversubscriptions.
LC Capital subscribed for 10% of the placement, which was priced at 0.55c per share and came with a one-for-one free 1.2c option.
Pinnacle Equities was the lead manager.
Centaurus will use the funds to reassess the options for its Jambreiro iron ore project in light of higher prices and demand in Brazil.
Metals Australia has launched a one-for-three non-renounceable entitlement offer to raise around $1.6 million.
Each 0.18c share will come with a 0.35c option, expiring in June 2022.
Funds raised will be used to accelerate the maiden drilling at the Lac Rainy graphite project.
Brisbane-based Diatreme Resources has completed a $1.5 million placement to progress its Galalar silica project.
Hartleys acted as lead manager and Diatreme reported strong support from new sophisticated and professional investors.
Papua New Guinea-focused Crater Gold Mining has completed a shortfall placement of 35 million shares at 1.5c per share to raise $525,000 to Hong Kong-listed China New Economy Fund.
The placement has now raised a total of $14.2 million, representing a 61.9% take-up.
Estrella Resources has received firm commitments to raise $500,500 at 1.3c per share, a 13% discount to the last traded price.
GTT Ventures managed the placement, which included one free 5c 2021 option for every two new shares subscribed for.
The proceeds will go towards nickel and gold exploration in Western Australia.
Great Southern Mining has placed $250,000 worth of shares to a sophisticated investor.
Finally, Venus Metals Corporation has received an application from a professional and sophisticated invest for a private placement of 600,000 new shares at 17c each to raise $102,000.