Deals this week: Lion One Metals, Golden Dawn Minerals, Santana Minerals
Lion One Metals has announced a non-brokered private placement of up to 45 million units, priced at C$0.92 ($0.70) each, to raise approximately C$41.4m ($31.82m).
Net proceeds are intended to be used for the exploration and development of its Tuvatu Gold Project, and for working capital purposes.
Golden Dawn Minerals has signed a definitive agreement to raise $2.4m through private placement of convertible securities to be subscribed by Lind Asset Management VI, a subsidiary of The Lind Partners.
The deal is expected to close within the next few days.
Net proceeds are estimated at approximately $1.88m and will be used to exercise the rights held by Huakan International Mining to acquire a 100% interest in the Greenwood Project for $2.57m.
Santana Minerals has announced private placement of 33.95 million shares, priced at A$0.06 ($0.05) each, to raise A$2.03m ($1.53m).
Proceeds will be used to fund further exploration and drilling activities at the Cuitaboca Project in Sinaloa, Mexico.
Far East Capital is acting as financial advisor to Santana Minerals for the offering.
Zinc of Ireland, formerly Global Metals Exploration, has announced private placement of 60 million shares, priced at A$0.024 ($0.018) each, to raise A$1.44m ($1.08m).
The company has also announced the issuance of one free attaching option exercisable at A40.02 ($0.01) on or before 21 July 2017 and one free attaching option exercisable at A$0.04 ($0.03) on or before 21 July 2021.Proceeds will go towards expanding the exploration of its Irish zinc projects, drilling at the Kildare project, and for general working capital purposes.