Capital Watch: Agrimin, Latin and more

ANOTHER busy week for capital raisings in the junior mining sector.
Capital Watch: Agrimin, Latin and more Capital Watch: Agrimin, Latin and more Capital Watch: Agrimin, Latin and more Capital Watch: Agrimin, Latin and more Capital Watch: Agrimin, Latin and more

Staff reporter

Potash developer Agrimin has secured commitments to raise $5 million in a placement to institutional and sophisticated investors.

Euroz Hartleys and Bell Potter were joint lead managers to the 45c per share offer.

The company will seek to raise a further $2 million via a share purchase plan at the same price.

Latin Resources has raised $5 million to fund drilling of its kaolin and gold projects.

The 3c per share placement was lead managed by Euroz Hartleys.

Pacific Nickel Mines (formerly Malachite Resources) has placed 76 million shares at 5c each to raise $3.8 million.

Bridge Street Capital Markets was lead manager to the oversubscribed offer.

The funds will be used to advance nickel projects in the Solomon Islands.

Golden Deeps has raised $3.28 million in an oversubscribed placement managed by Peak Asset Management.

The placement will allow the company to ramp up gold exploration in New South Wales' Lachlan Fold Belt.

South Australian-focused Havilah Resources has reported its $2 million SPP has closed oversubscribed.

The board has decided to accept all oversubscriptions, raising $2.72 million.

Si6 Metals has received commitments to raise $2 million at 1.7c, a 7% premium to the 20-day volume-weighted average price.

Directors will also exercise options at 0.8-1.5c.

The company has projects in Botswana and Western Australia.

Moho Resources has raised $2.5 million at 9c per share to advance the East Sampson gold project.

Euroz Hartleys was lead manager to the oversubscribed offer.

Magnetite explorer Magnum Mining & Exploration has received binding commitments to place 50 million shares at 4c each to raise $2 million.

The placement, which is being managed by First Growth Advisory, includes a one-for-two listed option, exercisable at 5c by the end of September 2022.

Nickel explorer Adavale Resources has secured $1.4 million in a 4c placement lead managed by Ironside Capital, Foster Stockbroking and Taylor Collison.

Ausbil Global Resources was among the new institutions to join the register.

Canada-focused Tempus Resources has raised C$1.25 million to institutional investors, including certain funds managed by Sprott Asset Management.

The placement was priced at 26.5c (A28c) per share, a premium to recent ASX trading.

Bryah Resources has raised A$1.3 million to fund its Bryah Basin and Gabanintha projects.

Every two new 6c shares will come with a 9c, January 2023 option.

Mac Equity Partners was lead manager.

Finally, gold explorer Gladiator Resources has raised just over $1 million in a one-for- three rights issue, and will raise a further $240,000 via a placement.

The rights issue was underwritten by Baker Young.