Deals this week: Millennial Lithium Corp, Brigadier Gold Limited, KGL Resources Limited
Millennial Lithium Corp has announced that it has raised C$5.93m ($4.43m) through private placement of 4.75 million units at a price of C$1.25 ($0.93) each in order to fund drilling at one of its resources and for general working capital purposes.
Each unit is made up of one common share, and one-half of one share purchase warrant, which is exercisable for a period of two years from closing at an exercise price of C$1.50 ($1.12).
The units, plus any issued common shares of Millennial Lithium, will have a holding period of four months expiring on 24 July.
Millennial Lithium is a Canadian mineral exploration and development company.
Canada-based exploration-stage company Brigadier Gold Limited has announced its plans to raise C$1m ($0.74m) through a non-brokered private placement of ten million units priced at C$0.1 ($0.07) a unit.
Each unit will comprise one common share and one common share purchase warrant, which will give the holder an option to buy further shares at an exercise price of C$0.20 ($0.14) each. The holder can acquire the shares within 12 months from the closing date of the offering.
KGL Resources Limited has announced the acquisition of Unka Creek Exploration Project (EL28082) from Natural Resources Exploration for A$0.5m ($0.38m).
The company has raised A$1m ($760,000) through private placement of 2,702,702 ordinary shares priced at A$0.37 ($0.28) each in order to partly fund the acquisition.