Deals this week: Anfield Gold, Sheffield Resources, Brixton Metals, Sandfire Resources


Anfield Gold has announced a private placement of 22.22 million shares priced at C$1.35 ($1.05) each to raise C$30m ($23.3m).

Funds from the deal are intended to meet development costs of Anfield's Coringa Gold Project in Brazil and for general working capital.

Sheffield Resources has announced an institutional placement of 32.9 million shares priced at A$0.52 ($0.40) each, to raise A$17.11m ($13.06m).

The transaction is expected to close on 31 August, with proceeds used to complete the bankable feasibility study (BFS) for the Thunderbird Mineral Sands Project in Australia for continued exploration in the region and general working capital.

"Proceeds will be used to complete the bankable feasibility study for the Thunderbird Mineral Sands Project in Australia."

The joint capital markets advisors (JCMAs) for the offering are Bridge Street Capital Partners, and Pulse Markets.

Brixton Metals Corporation has announced a brokered private placement to raise up to C$3m ($2.33m).

The placement agents for the offering are Red Cloud Klondike Strike, and M Partners.

The deal is expected to close around 14 September, with proceeds intended to be used to advance the Thorn gold-silver project and other properties in Canada, and for general working capital.

Sandfire Resources has entered an agreement to acquire the remaining 65% stake in the Thaduna/Green Dragon Copper project in Meekatharra, Western Australia, from Ventnor Resources and its joint venture partner Delgare, in exchange for A$3m ($2.28m).

The financial advisor to Ventnor for the transaction is LinQ Corporate.