Capital Watch: Hannans, Antilles and more

ALL the juniors to be raising cash so far in October.
Capital Watch: Hannans, Antilles and more Capital Watch: Hannans, Antilles and more Capital Watch: Hannans, Antilles and more Capital Watch: Hannans, Antilles and more Capital Watch: Hannans, Antilles and more

Staff reporter

Battery metals aspirant Hannans has launched a non-renounceable rights issue to raise $5.5 million.

The four-for-43 2.5c per share offer is fully underwritten by Euroz Hartleys.

Major shareholder Neometals will commit $1.8 million to maintain its 33% stake.

Antilles Gold has raised $5 million in two tranches for the development of the La Demajagua gold mine in Cuba.

The company is issuing 65 million new shares at 7.75c each with a free 13c option for every two shares issued.

Js-First Sdn Bhd and 180 Markets were joint lead managers.

Vanadium Resources has placed $4.6 million worth of shares to South African mining services company Raubex Group.

The investment was made at 10.4c per share, a 64% premium to the 30-day volume-weighted average price.

Vanadium Resources has entered into an arms' length mining services agreement with a Raubex subsidiary.

Woomera Mining is seeking to raise up to $3.2 million via a $1.3 million placement and $1.9 million one-for-five rights offer.

The issue price of 1.9c per share is an 11.7% discount to the 15-day volume-weighted average price.

The proceeds will be used for nickel-copper-PGE exploration.

Gold explorer Alchemy Resources has launched a $3.1 million capital raising to fund drilling on its projects in Western Australia and New South Wales.

The company received binding commitments for a $1.85 million placement at 1.1c per share and will launch a one-for-six non-renounceable entitlement offer to raise $1.23 million at the same price.

Discovery Capital Partners was lead manager.

Canada's Roogold Inc has closed the first tranche of a C$5 million private placement, raising $2.6 million.

The placement saw Denver-based Crescat Capital become a major shareholder with Dr Quinton Hennigh to act as an advisor.

Roogold recently acquired an extensive landholding in New South Wales.

Australasian Gold has received firm commitments to raise $2.5 million via a share placement at 45c per share.

Major lithium industry players Shandong Ruifu Lithium Industry Co and Tangshan Xinfeng (Hong Kong) will subscribe for $1 million each.

Nickel explorer Adavale Resources has received commitments for a $2.09 million placement at 5.5c per share, managed by Euroz Hartleys.

Shareholders will be able to participate in a share purchase plan at the same price.

The funds will be used to progress nickel and uranium projects.

First Au has raised $1.84 million in a placement at 1.2c per share, a 15.7% discount to the 15-day VWAP.

Everblu Capital managed the offer, with funds to be used for drilling in Victoria and South Australia.

The company is also planning to raise a further $450,000 via an SPP.

Finally, WA explorer Lodestar Resources has completed a placement of 100 million shares at 1c each to raise $1 million.

The company will also issue 50 million free-attaching unlisted options on a one-for-two basis.