CAPITAL MARKETS

Capital Watch: Meeka, Cauldron and more

A drop-off in capital raisings in the junior space this week

Staff reporter

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Meeka Metals has received firm commitments to raise $3.5 million to fund the Murchison gold project.

Shares were issued at 4c each, with participants to receive one attaching unlisted option for every two new shares.

Directors and management will contribute $210,000, subject to shareholder approval.

Uranium and PGE explorer Cauldron Energy is seeking to raise up to $1.6 million.

The company has secured $198,000 via a placement at 0.9c per share and has entered into an underwriting agreement with lead manager Canaccord Genuity for a renounceable rights issue to raise $1.46 million at the same price.

Participants will receive one free-attaching option for every three shares issued.

Dual-listed Tempus Resources has received firm commitments to raise $740,000 via a non-brokered private placement.

Proceeds from the 2.3c per share offer will be used for work on newly acquired lithium projects in Manitoba and the Elizabeth Creek gold project in British Columbia.

Garnet developer Heavy Minerals has entered into agreements for a gross royalty interest in the Port Gregory project to raise $500,000.

Foster Stockbroking was the lead arranger.

Finally, microcap Moho Resources has raised $476,062 via a placement at 0.7c per share, a 22% discount.

RM Corporate Finance acted as lead manager.

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