Developer Theta Gold Mines has entered into an ‘at-the-market' subscription agreement with Acuity Capital for up to A$15 million of standby equity.

The company has sole discretion as to whether it uses the facility, which expires in mid-2023, and is able to set an issue floor price.

Metallica Minerals has launched a fully underwritten one-for-two renounceable rights issue to raise up to $4.9 million.

The offer is being supported by new cornerstone investor, Ilwella, the private investment vehicle of the Flannery family.

Every two new 3c shares (a 29% discount) will come with a 6c, three-year option.

The funds will support the Cape Flattery silica sands development in Queensland.

Gold explorer Torian Resources has raised $4 million via a placement to local and offshore sophisticated investors.

The placement received bids in excess of $7.5 million and was cornerstoned by an existing shareholder.

Every three 5.5c placement shares will come with a February 2022 2c option.

The placement will allow the ramp-up of drilling at Mt Stirling.

Alta Zinc has received binding commitments for a placement to raise $3.75 million at 0.5c per share.

The placement included an acceptance of $1.75 million in excess demand, reflecting the support of shareholders Victor Smorgan Group, Rab Capital and managing director Geraint Harris.

The funds will be used for underground diamond drilling at Pian Bracca and Ponente in Italy.

Queensland gold explorer Great Northern Minerals has launched a placement and rights issue to raise a combined $3 million.

The $1.5 million placement and one-for-seven $1.51 million rights issue are priced at 1c per share, with one-for-one options also to be issued, exercisable at 2.2c per share.

CPS Capital is the lead manager and will also underwrite the rights issue.

Tasmania-focused Shree Minerals has raised $3 million at 1.2c per share.

The company said the two-tranche placement was heavily supported.

Manhattan Corporation has raised $3 million for gold drilling in Victoria.

Morgans acted as lead manager to the placement, which was oversubscribed.

Shares will be issued at 1.5c each, a 12% discount to the 15-day volume-weighted average price.

Matsa Resources has launched a one-for-10 renounceable rights issue to raise up to $2.17 million, which will be underwritten by Mahe Capital to $1.5 million.

The 8c per share offer includes a 17c option for every two shares subscribed for.

The proceeds will be used to advance the Lake Carey gold project in Western Australia.

Emmerson Resources has completed a $2 million placement at 13c per share to partner Tennant Consolidated Mining Group as part of their strategic alliance.

Each share comes with a 20c December 2025 option.

Quantum Graphite has completed a $2 million placement at 6.5c per share.

The company will seek shareholder approval in order to issue shares to related parties.

Finally, new Predictive Discovery chairman Francis Harper has agreed to subscribe for $568,000 worth of shares at 7.1c each, subject to shareholder approval.