Chile gold explorer Tesoro Resources has received firm commitments for a placement to raise A$4.3 million.

The company will launch a share purchase plan to raise up to a further $3 million.

The issue price for both offers is 8.5c per share.

The proceeds will be used for drilling in the El Zorro district and a scoping study.

Pacific Nickel Mines has raised $5.25 million in an oversubscribed placement in two tranches, managed by Bridge Street Capital Partners.

The issue price of 10c represents a 20% discount to the last closing price.

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

Phosphate developer Centrex Metals has received firm commitments to raise $4 million.

The issue price of 9c was a 14.3% discount to the last close.

Taylor Collison acted as lead manager.

Korab Resources was quick to capitalise on a big rise in its share price this week, completing a placement.

The company placed 34.5 million shares at 5.5c each to raise just under $1.9 million.

Moho Resources has raised $1.51 million at 6c per share in an oversubscribed placement.

Directors will subscribe for $160,000, subject to shareholder approval.

Each participant will receive a free 8.5c option for every new share issued.

Finally, Chase Mining Corporation has undertaken a private placement to sophisticated investors to raise $1 million.

The company will also launch an SPP, capped at $1 million.

The proceeds will be used to advance newly acquired projects in Queensland.