Deals this week: Canyon Copper, Lawson Gold, Sundance Resources
Canyon Copper has raised C$1m ($0.79m) in a private placement of ten million units priced at C$0.1 ($0.07) a unit.
Each unit consists of one common share and one-half of one share purchase warrant, which enables the holder to acquire one common share at a price of C$0.15 ($0.11) a share within 24 months from the date of issue of the warrant.
Canyon Copper is a Canada-based mineral exploration company engaged in the acquisition, exploration and development of mineral properties.
Australia-based gold exploration company Lawson Gold plans to raise A$1.65m ($1.3m) through a private placement of 55 million shares priced at A$0.03 ($0.02) a share.
The vendors and / or their nominees will subscribe for 50 million shares of the company offered at the prescribed price, as part of the transaction.
The company has also entered a binding term sheet agreement to acquire the entire issued capital of Australian mineral exploration company Evandale Minerals.
Sundance Resources plans to offer shares in a private placement to raise A$1m ($0.79m).
The Australia-based iron ore company has set 15 September as the deadline for the offering.
The company has engaged Patersons Securities as its underwriter for the transaction.
Australia-based mineral exploration company Top End Minerals has raised A$3m ($2.37m) through a private placement of 75 million new fully paid ordinary shares priced at A$0.04 ($0.03) a share.
The company will be renamed as Myanmar Metals and its shares traded in the Australian Stock Exchange under the symbol MYL.
The company engaged Triple C Consulting as the lead manager for the offering.