Capital Watch: Cohiba, Meteoric and more

ALL the raisings in the junior sector in the past week and a bit.
Capital Watch: Cohiba, Meteoric and more Capital Watch: Cohiba, Meteoric and more Capital Watch: Cohiba, Meteoric and more Capital Watch: Cohiba, Meteoric and more Capital Watch: Cohiba, Meteoric and more

Staff reporter

Cohiba Minerals' share purchase plan attracted applications of A$9.38 million, well over the targeted $2 million.

The company scaled back the offer to $5.27 million, which will be used to explore in South Australia.

Meteoric Resources has raised $4 million, comprising $1 million from existing shareholder Tolga Kumova and $2 million from a syndicate led by Keith Biggs which includes $1 million from retail mogul Gerry Harvey.

Every two new 5.7c shares came with a free-attaching 10c option, exercisable within three years.

The proceeds will be used to advance gold exploration at Palm Springs in Western Australia and Juruena in Brazil.

Conico has agreed to place 33.3 million shares at 3c each to sophisticated investors to raise $1 million in a placement lead managed by Peloton Capital.

The company will also undertake a non-renounceable pro-rata rights offer to raise up to a further $2.26 million at the same price and will be underwritten by Peloton.

Okapi Resources has raised $2.5 million in conjunction with its acquisition of the Enmore gold project in New South Wales.

The placement, managed by PAC Partners, was conducted at 19c per share, with every share to come with a free two-year, 30c option.

Queensland explorer Superior Resources has received firm commitments to raise $2.34 million in a placement to sophisticated investors at 1.25c per share.

The offer will be conducted in two tranches with the second to include a placement of $125,000 to directors, subject to shareholder approval.

Uranium explorer Alligator Energy has received firm commitments to raise $1.6 million via 180 Markets.

The placement, at 0.7c, will come with a one-for-two 1.5c option, exercisable in 18 months.

Emu has entered into an underwriting agreement with Oceanic Capital for up to $1.31 million for 65.7 million unquoted options.

Cyclone Metals has raised $1 million via a placement at half a cent per share.

The funds will be used to repay a $780,000 debt to the Australian Taxation Office.

Lithium Australia has raised $679,987 after shareholders paid the balance of 13.62 million partly paid shares.

PepinNini Resources has raised $527,000 a part of its acquisition of Hillside Minerals.

Every two new 17c shares will come with a free-attaching 35c option.

Hexagon Energy Materials has raised $500,000 as part of takeover of unlisted hydrogen company Ebony Energy.

EverBlu Capital acted as lead manager to the 5.7c per share offer.

New explorer Moneghetti Minerals has closed its pre-IPO seed round oversubscribed within 24 hours of opening the offer.

The company was seeking $288,000, but raised $478,850 at 8.5c a share from offshore ultra-high net worth investors, existing shareholders and some initial offshore institutions that are also interested in subscribing for IPO shares to strengthen their positions.

Finally, Tasman Resources has raised an additional $168,000 by placing the shortfall of its rights issue to a sophisticated investor, taking the total raised to $1.07 million.