CAPITAL MARKETS

Capital Watch: Marvel, Thomson and more

THIS week's capital raisings in the junior sector.

Staff reporter
Capital Watch: Marvel, Thomson and more

Mali-focused Marvel Gold has launched a one-for-five non-renounceable pro-rata entitlement offer to raise up to A$5.2 million.

The issue price of 4.5c is a 4% discount to the five-day volume-weighted average price of Marvel shares.

Major shareholders Capital DI and Deutsche Baloton will apply for a combined $2.1 million, comprising their entitlement and any shortfall.

Silver explorer Thomson Resources has entered into a $2.6 million placement agreement with Patras Capital.

The company said the agreement provided funding for the next four months.

Impact Minerals has received firm commitments to raise $2 million via a placement of 166.6 million shares at 1.2c per share.

Viriathus Capital acted as lead manager.

The proceeds will be used to advance the Arkun-Jumbo battery and strategic metals project and follow-up drilling at Hopetoun and Doonia.

Riversgold has launched a capital raising of up to $2 million after acquiring lithium ground in the Pilbara.

The raising will comprise a two-tranche placement to raise $1 million and a one-for-eight non-renounceable rights issue to raise $1 million.

The issue price is 1.7c per share.

Pilbara explorer Caeneus Minerals has received commitments for a $1.7 million placement at 0.5c per share, including a 1.5c option.

Directors Davide Bosio and Peter Christie have agreed to subscribe for $300,000 worth of shares, subject to approval.

Tempus Resources has launched a non-brokered private placement to raise C$1 million in Canada.

Proceeds from the issue of flow-through shares will be used for exploration.

Finally, Enterprise Metals raised over A$621,000 in a recent entitlement offer, representing a 74% take-up rate when excluding major shareholder SinoTech Minerals, which was unable to participate.

The company may look to place the shortfall.

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