CAPITAL MARKETS

Capital Watch: Carnavale, Element 25 and more

CAPITAL raisings in the junior space slowed over the past week.

Staff reporter
Capital Watch: Carnavale, Element 25 and more

Carnavale Resources has raised $225,000 in a placement and will launch a non-renounceable entitlement issue to raise a further $2.29 million.

Shares are being offered at 0.3c each with every two shares to come with a free-attaching 0.7c option.

The funds will be used for exploration in Uganda and Australia.

Manganese developer Element 25 has raised $1.33 million in a share purchase plan and placement.

Cash raised will be used to accelerate the prefeasibility study on the Butcherbird project.

Kogi Iron has launched a pro-rata non-renounceable entitlement offer to raise $1.3 million.

The 1c, one-for-five offer is fully underwritten by Patersons Securities.

Aurora Minerals has launched a one-for-one underwritten entitlement offer to raise $1.17 million.

The offer, to be underwritten by Grange Capital Partners, is priced at 1c, a 21.2% discount to the 30-day volume-weighted average price.

The funds will be used to acquire new projects.

Papua New Guinea gold play Kingston Resources has received acceptances for 58.66 million shares in its entitlement offer, leaving a shortfall of 192.8 million shares.

The issue raised $938,670.

Gold explorer Riversgold has raised $218,000 via the placement of 9.93 million shares at 2.2c each.

Truscott Mining Corporation is raising up to $200,000 at 2c per share via Martin Place Securities.

Finally, Caeneus Minerals has launched a placement to raise $195,506 at 0.7c, with every new share to come with a 0.25c option.

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.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.