Mineral sands developer Strandline Resources has completed a $6.5 million raising via a placement and rights issue.

The offer was underwritten with the shortfall to be picked up by Tembo Capital, increasing its stake to 37.6%.

Southern Gold has withdrawn a A$10 million institutional placement at 14c initiated last month in favour of a $4 million placement at 10c.

Metal Tiger will still cornerstone the raising, subscribing for $2.2 million.

Southern said the offer would boost its cash to about $5.5 million, enough for at least 12 months' work.

Castle Minerals has withdrawn its $1.4 million entitlement offer due to market volatility.

Magnetite Mines has launched a five-for-four renounceable rights issue to raise $1.2 million for the Razorback iron prefeasibility study.

The offer is priced at 0.1c, a 75% discount to the 30-day volume-weighted average price of shares.

Lead manager Mahe Capital will underwrite the offer to $250,000.

Directors will subscribe for their full entitlements, with chairman Peter Schubert to sub-underwrite an additional $5639.

Dual-listed Euro Manganese has announced a non-brokered private placement of 8.7 million shares at C11c and 401,888 CDIs at A13c to raise just over C$1 million.

The proceeds will be used to advance the Chvaletice project in the Czech Republic.

Arrow Minerals has received commitments to raise A$335,000 via the issue of 67 million shares at half a cent each.

Directors have subscribed for 13 million of the shares, subject to shareholder approval, with funds to be used for exploration in Burkina Faso.

Finally, Graphex Mining has withdrawn its $250,000 SPP due to market conditions.