Deals this week: Ariana Resources, WPG, Baralaba Coal Company
UK-based exploration and development company Ariana Resources has issued 10,030,770 new ordinary shares, priced at £1.30 ($1.65) each to raise approximately £1.87m ($2.39m).
Underwriters for the offering are Beaufort Securities and Panmure Gordon (UK).
Ariana is involved in the development of epithermal gold-silver and porphyry copper-gold deposits.
Australia-based mineral resources company WPG Resources has revealed plans to raise approximately A$5.4m ($4.12m) by issuing up to 113.2 million shares at a price of A$0.048 ($0.037) a share in a non-renounceable entitlement offer.
The company has engaged Veritas Securities Limited as the transaction broker.
Baralaba Coal Company is planning to issue approximately 313 million new shares priced at A$0.25 ($0.19) a share to raise up to A$78.3m ($59.63m) under a two for one pro-rata renounceable entitlement.
BCL has received pre-commitments from existing shareholders Liberty Metals & Mining Holdings, Maylion (Noble), and Harum Energy Australia for the entitlement offer.
Based in Australia, Baralaba Coal is a mining, exploration and development company.
Canada-based junior graphite mining company Focus Graphite has issued 11,666,666 flow-through common shares at a price of C$0.09 ($0.068) a share to raise C$1.05m ($0.79m) in a private placement.
Cash finders were paid fees of C$76,000 ($57,474) along with 844,444 non-transferable warrants, in addition to a right to acquire a common share of the company at C$0.09 ($0.068) a share until 20 June 2019.