Capital Watch: PolarX, Anson and more

THIS week's capital raisings in the junior mining space.
Capital Watch: PolarX, Anson and more Capital Watch: PolarX, Anson and more Capital Watch: PolarX, Anson and more Capital Watch: PolarX, Anson and more Capital Watch: PolarX, Anson and more

Staff reporter

PolarX has received firm commitments to raise $3.76 million via a placement lead managed by Aetas Global Capital and Morgans.

The company will also launch a share purchase plan to raise up to an additional $1 million.

The issue price for both offers is 3.8c.

The funds will be used for a 3000m drilling program at the Zackly East project in Alaska.

Anson Resources has announced plans to raise up to $3 million for its Paradox brine project in Utah.

The company has launched an SPP to raise up to $2 million, which will be underwritten to $1 million by Pendragon Capital.

A top-up placement to raise $1 million will follow.

The issue price will be a 20% discount to the five-day volume-weighted price.

Burkina Faso explorer Golden Rim Resources has received commitments for a placement to raise $2.7 million.

The company will issue 442.6 million shares at 0.61c per share, with every two shares to come with a 1c option.

RareX has raised $2.3 million in a strongly supported placement to fund drilling at Cummins Range.

Canaccord Genuity acted as lead manager to the placement, which was conducted at 5c per share.

Suspended explorer Kula Gold is planning to raise $1.94 million at 2c per share to allow its shares to be reinstated to trading.

The raising comprises a three-for-two non-renounceable rights issue to raise $1.76 million and a proposed placement to raise $176,000.

The funds will be used for exploration at the Kurnalpi-Lake Rebecca project.

Dampier Gold has executed a mandate with Alto Capital to raise $1 million via a two-tranche placement to sophisticated investors.

The funds will be used for gold exploration near Kalgoorlie.

Dark Horse Resources has raised $675,000 in a private placement and will seek up to a further $750,000 in an SPP for exploration in Scandinavia.

Pinnacle Equities was lead manager to the placement, which was conducted at 0.15c per share.

Platina Resources has raised $904,000 in a non-brokered private placement at 2.1c per share.

The funds will be used to advance the Challa gold project and Munni Munni platinum group metals project.

Datt Capital has cornerstoned an $857,000 placement by Strategic Energy Resources.

Melbourne-based Datt will chip in $500,000, having been attracted to SER due to its portfolio, which it said had the potential for tier one discoveries.

AustSino Resources Group has raised $325,000 in a placement to Solcorp Investments at 1.3c per share.

PepinNini Lithium has raised $128,470 in a placement of 128.47 million shares at 0.1c each.

Finally, Jindalee Resources has raised $110,000 via a placement to a corporate sophisticated investor at 30c per share.