Polymetals Resources has raised $3.65 million to fund the restart study of its Endeavor silver-zinc-lead mine in New South Wales.

Shares in the placement, which was managed by Bell Potter Securities, were issued at 31c each, a 6% discount.

Frankfurt-based investment firm Sparta AG invested nearly $2 million to cornerstone the placement.

Stavely Minerals has received binding commitments to raise $3.55 million in a placement to institutional and sophisticated investors.

Shares will be issued at 9c each, with an option to be issued for every two shares.

GBA Capital was lead manager to the placement, which will fund exploration in Victoria and Western Australia.

American West Metals has placed 32.5 million shares at 9.5c each to raise $3.08 million.

RM Corporate Finance was lead manager.

Funds will be used for drilling at the Storm copper project in Canada.

Exploration and technology company Zeotech has raised $3 million via a placement managed by Evolution Capital.

The company will issue 65.2 million shares at 4.6c each with a one-for-two unlisted option.

The proceeds will be used for R&D, progressing a zeolite demonstration plan, mining plan approval activities at Toondoon and zeolite and metakaolin sample production.

Fresh from signing a new joint venture with Fortescue Metals Group, Strategic Energy Resources has raised $2.5 million at 1.4c per share, a 7% discount.

The placement, managed by Bell Potter Securities, was heavily oversubscribed.

The raising will enable the company to accelerate exploration.

E79 Gold Mines has raised $1.38 million in an oversubscribed placement at 9c per share.

The funds will be used for drilling at Laverton South and Murchison.

GBA Capital acted as lead manager.

Kalgoorlie Gold Mining has closed its share purchase plan oversubscribed.

The SPP raised $730,000 against the target of $500,000. The company will accept all subscriptions.

Adelong Gold has received firm commitments for a $500,000 placement at 0.8c per share, including a one-for-two option.

Funds will be used to progress the Adelong gold project.

Finally, Victory Metals CEO Brendan Clark has exercised 1.09 million options in the company for $219,000.