Capital Watch: Eagle Mountain, Twenty Seven Co and more

THIS week's capital raisings in the junior mining space.
Capital Watch: Eagle Mountain, Twenty Seven Co and more Capital Watch: Eagle Mountain, Twenty Seven Co and more Capital Watch: Eagle Mountain, Twenty Seven Co and more Capital Watch: Eagle Mountain, Twenty Seven Co and more Capital Watch: Eagle Mountain, Twenty Seven Co and more

Staff reporter

US-focused Eagle Mountain Mining has raised $1.5 million via a strongly supported placement managed by PAC Partners and Taylor Collison.

The company has received a further $1.35 million via the exercise of options by an entity associated with managing director Charles Bass.

The funds will be used to extend drilling at the Oracle Ridge copper mine in Arizona.

Twenty Seven Co has received firm commitments to place 433 million shares at 0.6c each to raise $2.6 million in two tranches.

The oversubscribed placement will allow the company to exercise an option to acquire OZ Gold and continue exploration at Mt Dimer and Rover.

Graphite developer Black Rock Mining has completed a placement to raise $2 million.

The 4.9c per share placement price represented an 11.2% discount to the 14-day volume-weighted average price.

The funds will be used to support costs related to strategic alliance with POSCO and for ongoing negotiations with the Tanzanian government.

Fresh from raising $1.4 million in a placement, BlackEarth Minerals has launched a share purchase plan to raise up to a further $1.7 million.

The proceeds will be used to advance the Maniry and Donnelly River projects.

Carpentaria Resources has launched an SPP to raise up to $1.19 million at an issue price of 3.5c per share.

The funds will be used for working capital.

Nickel player Adavale Resources is aiming to raise up to $1.2 million in an SPP.

Shareholders can subscribe for shares at 3c each, a 20% discount to the five-day volume-weighted average price.

Renegade Exploration has raised $750,000 via the placement of 150 million shares at 0.5c each.

The funds will be used to drill the Yandal East gold project.

Rimfire Resources has signed an underwriting agreement for its previously announced SPP.

Trans Global Capital will underwrite the offer to $500,000.

Comet Resources' $500,000 SPP attracted subscriptions of $2.3 million.

The company accepted oversubscriptions of $500,000 to raise a total $1 million for gold and copper exploration.

Finally, Australian Silica Quartz has placed $250,000 worth of shares to a major shareholder through Taylor Collison.