Capital Watch: Pacifico, Todd River and more

THE week kicks off with a large number of raisings in the junior space.
Capital Watch: Pacifico, Todd River and more Capital Watch: Pacifico, Todd River and more Capital Watch: Pacifico, Todd River and more Capital Watch: Pacifico, Todd River and more Capital Watch: Pacifico, Todd River and more

Staff reporter

Euroz Securities has acted as lead manager to Pacifico Minerals' placement to raise $4.6 million.

The 0.8c issue price represents an 11.1% discount to the last traded price.

Pacifico is now fully funded to complete an optimised prefeasibility study for the Sorby Hills lead-zinc-silver project by January 2020.

Base metals explorer Todd River Resources has raised $2.9 million for a new drilling program at the Mt Hardy zinc-copper project in the Northern Territory.

The raising comprises a $1 million placement and a one-for-three underwritten non-renounceable pro-rata entitlement offer to raise $1.9 million.

Cornerstone shareholder S2 Resources will take up its full entitlement and will sub-underwrite a portion of the offer.

The balance of the offer will be underwritten by Hartleys and sub-underwritten by other existing and new shareholders.

Silver developer Investigator Resources has raised $2.2 million via a placement of 91.67 million shares and 30.6 million options.

PAC Partners acted as lead manager, with the funds to be used to advance the Paris project and look for new base metals and gold opportunities.

Victory Mines has raised $116,000 in a placement at 0.1c per share, and will seek to raise a further $1.47 million via an entitlement issue to be underwritten by DJ Carmichael.

It comes as the company entered into an option over the Copper Mountain project in the Pilbara.

Western Australian explorer Metalicity is aiming to raise $1.1 million via a one-for-four rights issue and a placement.

The funds will be used to drill the Kookynie gold project in the Eastern Goldfields.

GTI Resources has launched a non-renounceable pro-rata entitlement offer to raise $1 million for exploration in Utah and Western Australia.

The offer is being underwritten by lead manager CPS Capital Group.

The company will look to undertake an additional placement of $600,000 to sophisticated investors.

Caravel Minerals is seeking to raise up to $1.03 million via a pro-rata, non-renounceable rights offer at 4c per share.

The offer is not underwritten and the minimum subscription is $250,000.

The funds will be used to advance the Calingiri copper project.

Gold explorer Syndicated Metals has raised $1 million to accelerate work at the Newington project.

Every two 0.8c shares will come with a three-year, 2c option.

Alicanto Minerals has received firm commitments to raise $910,000 in a placement to sophisticated investors.

Finally, Chile-focused gold explorer Emu has raised $676,000 in a placement.