Hong Kong-based Astron Corporation has agreed to issue convertible notes to raise A$5 million, plus $1 million to pay interest on the notes.

The notes, which have a two-year term and are convertible at 54c per share, will be issued to Melbourne-based Collins Street Asset Management.

Astron will use the funds to progress the Donald mineral sands and rare earths project in Victoria.

Thomson Resources has signed a deal with Securities Vault for a $5 million equity funding facility.

The cash can be drawn down in tranches over 12 months.

Thomson is working towards resource estimates at the New England fold belt hub and Texas district.

Superior Resources has raised A$4.5 million in an oversubscribed placement priced at 3.8c per share, a 15.5% discount to the last closing price.

Whairo Capital acted as lead manager.

The proceeds will be used for copper-gold porphyry drilling at Bottletree and gold resource expansion at Steam Engine, both in Queensland.

Alliance Resources has announced a one-for-eight non-renounceable rights issue to raise up to $3.38 million.

The issue price of 13c per share represents a 16.1% discount to the previous closing price.

The funds will be used to advance the Weednanna gold project in South Australia.

Toronto-listed Mawson Gold's Australian spin-off, Southern Cross Gold, has raised $2.72 million.

The company is planning an ASX listing.

Junior iron ore producer GWR Group has raised $2 million at 17c per share, including a one-for-four option.

GTT Ventures was lead manager.

Caprice Resources has raised $2 million in a strongly supported placement to institutional and sophisticated investors.

The issue price is 16c per share, with every two shares coming with a free option, exercisable at 30c.

Enterprise Metals has launched a one-for-eight non-renounceable entitlement offer to raise $1 million for exploration in WA.

Every three 1.4c shares will come with a free 2.5c option.

3D Resources has received firm commitments for a placement at 0.3c per share to raise $900,000, including two-for-five 0.5c options.

Funds raised will support the company to advance the Adelong gold project.

Finally, Red Dirt Metals has raised $445,236.50 from the exercise of 1.7 million unlisted options.