Capital Watch: Superior, Alma and more

THIS week's capital raisings in the junior sector.
Capital Watch: Superior, Alma and more Capital Watch: Superior, Alma and more Capital Watch: Superior, Alma and more Capital Watch: Superior, Alma and more Capital Watch: Superior, Alma and more

Staff reporter

Superior Resources has raised A$4 million in a placement managed by Whairo Capital.
The company will issue 133.3 million shares at 3c each and one option for every two placement shares.
The proceeds will be used to advance copper and gold projects in Queensland.
Copper explorer Alma Metals has received commitments to raise $2 million via a placement at 1c per share.
Barclay Pearce Capital Management acted as lead manager.
The funds will be used for drilling at the Briggs copper project in Queensland.
US-focused Aurora Energy Metals has raised $2.7 million to advance its namesake project in Oregon.
The placement comprises 36.5 million shares at 7.5c each and a one-for-two free-attaching option.
Euroz Hartleys acted as lead manager.
In conjunction with the acquisition of the Salt Wells project, Osmond Resources is raising up to $2.31 million in a one-for-three rights issue.
The 14c per share issue price is a 12.5% discount to the last closing price.
Veritas Securities is lead manager.
Akora Resources has closed its recently announced entitlement offer fully subscribed, raising $2.3 million and has announced an additional placement to raise $475,182.
Lake Resources chair Stu Crow subscribed for the shares in the placement, in addition to picking up part of the entitlement offer shortfall ($1.24 million).
Golden State Mining has completed a bookbuild to raise $2 million via the issue of 74.1 million shares at 2.7c each.
The two-tranche placement was managed by Plutus Capital.
The cash will fund lithium and gold exploration.
Kalgoorlie Gold Mining has launched a $1.9 million raising at 3.2c per share to fund exploration.
The company raised $1.4 million in a placement and will seek a further $500,000 via a share purchase plan.
After closing a $3 million SPP, Venture Minerals' lead manager Canaccord Genuity has received commitments for a top-up placement to raise $250,000.
The funds will be used to advance metallurgical test work at the Mount Lindsay tin-tungsten project and for drilling in Western Australia.
Moho Resources has received firm commitments to raise $778,773 via a placement at 1.5c per share and including a one-for-two option.
The company will follow the placement up with an entitlement offer next month.
Finally, Battery Age Minerals has launched a non-renounceable entitlement issue of options to raise $128,000.
If exercised, the options will bring in up to $12.8 million.