Capital Watch: Astral, Antilles and more

ANOTHER busy week for fundraisings in the junior space.
Capital Watch: Astral, Antilles and more Capital Watch: Astral, Antilles and more Capital Watch: Astral, Antilles and more Capital Watch: Astral, Antilles and more Capital Watch: Astral, Antilles and more

Staff reporter

Astral Resources has secured firm commitments to raise $3.4 million in a placement of 47.2 million at 7.2c per share, an 11.1% discount to the last closing price.

Directors subscribed for more than 1 million shares, subject to shareholder approval.

The funds will be used to advance the Mandilla and Feysville gold projects in Western Australia.

Morgans Corporate was lead manager.

Cuba-focused Antilles Gold has raised $3 million for its El Pilar copper deposit.

The two-tranche placement is priced at 3.4c per share with holders to receive an option for every two shares issued.

Prenzler Group arranged the placement.

Venture Minerals has launched a share purchase plan to raise up to $3 million.

The company will issue up to 166.6 million shares at 1.8c each, with subscribers to receive one listed option for every three shares issued.

The proceeds will be used for the boron study at the Mt Lindsay tin-tungsten project and a follow-up drilling program at rare earths projects in Western Australia.

Gold explorer BMG Resources is raising up to $2.75 million in a placement and entitlement offer to fund the next phase of work at the Abercromby project.

The company has received firm commitments to raise $1.5 million after initially seeking $1 million and will launch a $1.25 million one-for-four entitlement offer.

The raising is priced at 1.25c per share, a 21.9% discount, with one option to be issued for every three new placement shares.

Pacific Nickel Mines has arranged a placement of 29.4 million shares at 8.5c per share to raise $2.5 million.

Bridge Street Capital Partners acted as lead manager.

The funds will be used to fund Pacific's second direct shipping ore nickel project, Jejevo.

Oar Resources has raised $1.75 million in a two-tranche issue of convertible notes to fund critical mineral exploration.

GBA Capital acted as lead manager.

Great Northern Mining has engaged CPS Capital Group to lead manage a capital raising of up to $1.25 million at 0.25c per share, ahead of a share consolidation.

The raising is part of the company's acquisition of two lithium projects in Finland.

Victorian explorer Dart Mining has raised $1 million via a placement of 16.6 million shares at 6c each, a 9% discount.

Sanlam Private Wealth brokered the placement, which will go towards gold and copper-gold drilling.

Indiana Resources has launched a one-for-20 non-renounceable entitlement offer priced at 4c to raise just over $1 million to maintain its South Australian tenements.

Resolution Minerals has raised $830,000 via a 0.5c per share placement to sophisticated investors, including a one-for-two option.

Finally, Panther Metals has closed its $2.7 million renounceable rights issue and has raised $308,750 in a follow-on placement.