Deals this week: Northern Minerals, Graphex Mining, Freefire Technology
Australian mineral exploration company Northern Minerals has raised A$2m ($1.58m) in a private placement of two million shares priced at A$0.10 ($0.07) each.
A provider of coal mining services, Huatai Mining is investing A$1m ($0.79m) in the private placement, which would increase its stake from 21.5% to 22.3%.
Northern Minerals has involved AMC Wanhai Securities as its adviser for the placement.
Graphex Mining has raised A$2.65m ($2.09m) in a private placement of 12,045,454 shares.
Each share was issued at a price of A$0.22 ($0.17) under the deal. Directors of Graphex Mining subscribed for 300,000 shares.
Graphex is an Australia-based mineral exploration and development company.
The company engaged Bridge Street Capital Partners as the placement agent for the offering.
Hong Kong-based Freefire Technology has entered an agreement with Australian mining company Crater Gold Mining to acquire a 100% interest in the Croydon Project in Queensland for A$1.2m ($940,000) in cash.
Freefire agreed to pay A$300,000 ($230,000) as deposit within 14 days, and the remaining in four equal instalments over the next 12 months as part of the agreement.
Canada-based gold exploration company Banyan Gold has issued 1.36 million common shares under the second tranche of non-brokered private placement to raise C$204,000 ($160,000).
The issue price is set as C$0.15 ($0.11) a share and is subject to a four-month holding period.