Venture Minerals is raising A$5.5 million to advance the Mount Lindsay tin-tungsten project in Tasmania.

The company is undertaking a placement to raise $4.25 million at 3.6c per share, a 14.3% discount to the last closing price.

Lead manager Canaccord Genuity is underwriting a $1.25 million share purchase plan at the same price.

Ironbark Zinc has raised $4 million in a placement priced at 4.4c per share, a slim 2% discount to the five-day volume-weighed average price.

Morgans Corporate was lead manager.

The funds will be used to advance the financing process for the Citronen zinc project in Greenland.

South America-focused Equus Mining has raised $3.3 million in a placement managed by Taylor Collison.

The raising was priced at 17c, a 6% discount.

Equus recently completed the acquisition of the Cerro Bayo project.

Great Northern Minerals has received commitments to raise $3 million at 0.6c per share, a 23% discount to the 15-day VWAP.

The placement will be conducted in two tranches and lead managed by CPS Capital Group.

The funds will be used to drill the Camel Creek gold project.

Iron ore play Elmore has completed a $3 million placement at 2c per share, a 13% discount to the previous close.

The company sought to raise $2.5 million, but the offer was heavily oversubscribed.

The funds will be used for stage one of the Peko magnetite project and the final payment for a new ball mill for the Territory Minerals project.

Discovery Alaska (formerly Discovery Africa) has received $640,000 from the exercise of 20 million unlisted options by directors.

Finally, Todd River Resources has received $513,930 from the exercise of options.