Capital Watch: Jameson, Prairie and more

THIS week's capital raisings in the junior space.
Capital Watch: Jameson, Prairie and more Capital Watch: Jameson, Prairie and more Capital Watch: Jameson, Prairie and more Capital Watch: Jameson, Prairie and more Capital Watch: Jameson, Prairie and more

Staff reporter

Coal developer Jameson Resources has raised $4.74 million in a placement of 39.5 million shares at 12c each.

Major shareholder AustralianSuper has subscribed for about $1 million to take its stake from 14% to just under 15%.

Euroz Securities acted as lead manager.

The proceeds will be used to advance the Crown Mountain hard coking coal project in British Columbia.

Fellow coal player Prairie Mining has launched a $4 million share purchase plan to fund business development opportunities.

The issue price is 25c per share, a 25% discount to the last closing price.

Alaska-focused Resolution Minerals has received firm commitments from institutional and sophisticated investors to raise $3.6 million and will seek a further $1 million in a share purchase plan.

Palisades Goldcorp supported the placement, which is being conducted at 7c per share and will come with a one-for-one 12 option, expiring in three years.

PAC Partners and Taylor Collison were joint lead managers.

Palisades Goldcorp will also participate in Equus Mining's $3.5 million placement, lead managed by Taylor Collison.

Palisades and Tribeca Investment Partners have each committed to $1 million, with evert 0.9c share to come with a 1.5c option.

The funds will be used to drill the Cerro Bayo gold-silver project.

Impact Minerals has received firm commitments for a placement of 216.3 million shares at 1.5c each to raise $3.25 million for exploration at Broken Hill.

Xcel Capital and 180 Markets were joint lead managers.

US-focused Eagle Mountain Mining has received firm commitments to raise $3 million via a placement at 13c per share.

PAC Partners and Taylor Collison acted as joint lead managers to the placement, which was strongly supported by Australian and European institutional investors.

The issue will fund drilling at the Oracle Ridge copper project in Arizona.

Lithium explorer Sayona Mining has raised $2.75 million in a heavily oversubscribed placement of the shortfall from a March rights issue.

The funds will support a bid for North American Lithium, advance Quebec lithium projects and for Pilbara gold exploration.

Nickel explorer Adavale Resources has announced a $1.71 million capital raising at 1c per share, with each share to come with a December 2023 3c option.

CoPeak Corporate is fully underwriting the issue.

Anson Resources has received firm commitments to raise $900,000 in a top-up placement, and while finalising it, decided to accept oversubscriptions to take the total to $1.16 million.

The proceeds will be used to develop the Paradox brine project in Utah.

AustSino Resources Group has raised $1.05 million via a placement to non-related investors.

The funds will be used to provide financial support to Sundance Resources.

High Grade Metals has lodged a prospectus for a one-for-four non-renounceable rights issue at 0.5c each to raise $565,000 for working capital.

Finally, Surefire Resources has launched a pro-rata, non-renounceable rights issue to raise up to $314,077 and will raise $259,077 in an option placement.

CPS Capital Group is underwriting both issues.