Besra Gold has launched a one-for-three non-renounceable entitlement offer of CHESS depositary interests to raise A$5.1 million at 5c, a 10.7% discount to the last closing price.

 

The offer is fully underwritten by substantial shareholder Quantum Metal Recovery. 

 

The proceeds will be used to advance the Bau gold field in Malaysia.

 

Western Australia-focused explorer Matsa Resources has revised its $4 million debt facility that was due on November 30 until 2025, replacing it with two shareholder loans worth $2 million each.

 

The loans are secured by the Fortitude gold project tenements.

 

Thor Mining has raised $2.65 million by placing 378.5 million CDIs at 0.7c per share.

 

Every four placement shares will come with three options.

 

The funds will be used to explore for uranium in the US.

 

Cauldron Energy has secured commitments for $2.27 million at 0.07c via a placement and underwritten non-renounceable rights issue with Canaccord Genuity as it moves to refresh its Yanrey uranium project in WA, host to the Bennet Well deposit.

 

The issue is at a 30% discount to its previous closing price.

 

Nagambie Resources has received a commitment from US institutional investor Pioneer Resource Partners to invest up to $2 million.

 

The initial investment is $500,000 and Nagambie will have the right to draw down the remainder over 36 months.

 

The company will use the funds for drilling at the Nagambie gold-antimony mine.

 

Uranium explorer 92 Energy raise raised $2.2 million at 50c per share, a 9% premium to its prior trading price, to accelerate its work at the Gemini Mineralised Zone discovery in Canada's Athabasca Basin.

 

Tempus Resources has raised C$1 million in a non-brokered flow-through placement.

The funds will be used for exploration at the Elizabeth-Blackdome gold project.

 

Unlisted Australian gold explorer Plutonic is raising A$1.5 million, including a $1 million investment from Lion Selection Group.

 

Lion will hold 40% of Plutonic if $1 million is raised and 33% if the full $1.5 million is raised.

 

Mithril Resources has secured $1.5 million at 0.35c to progress work next year in the Copalquin district, Mexico, where it is keen to upgrade its high-grade gold-silver El Refugio resource. 

 

The raising, which was priced at a 25% discount, was conducted by Taylor Collison and Morgans Corporate, and supported by directors and their associates for $370,000. 

 

Finally, Aeramentum Resources has withdrawn its prospectus from the market, and is working with Novus Capital to raise $1.5 million at 10c to acquire 100% of the Treasure copper project in Cyprus, and fund its maiden drilling program.

 

It will relist a listing in 2023.