Deals this week: PJSC Polyus Gold, Talga Resources, Volt Energy
PJSC Polyus Gold has announced that it will offer equity to raise at least $400m. The base size of the offer will comprise 7% of the issued share capital.
Polyus Gold International Limited and Polyus Gold are offering their common shares listed on the Moscow Exchange, and Global Depositary Shares, which can be traded on the London Stock Exchange as part of the transaction.
Both Polyus Gold International and Polyus Gold plc are gold mining companies based in the UK.
Australia-based technology materials company Talga Resources intends to raise A$12.3m ($9.15m) in gross proceeds through private placement of 20.5 million fully paid ordinary shares each priced at A$0.60 ($0.44).
Canaccord Genuity (Australia) is the lead manager and book-runner for the transaction.
Resource exploration company Volt Energy has announced the acquisition of Lac Saint Simon Lithium Property in Quebec, Canada, from medical marijuana producing company, PUF Ventures.
The purchase consideration for the transaction includes 2.5 million common shares. Both organisations involved in the transaction are based in Canada.
Canadian gold exploration and development company Jaguar Mining has announced plans to raise $6m through a non-brokered private placement of common shares.
Priced at C$0.44 ($0.32) a share, the newly issued shares will have a holding period of four months.
Expected to close on 15 June, the transaction has yet to be approved by the Toronto Stock Exchange (TSX).
China-based E-Commodities Holdings has announced plans to raise $40m by issuing five-year bonds to Lord Central Opportunity VII.
With a coupon rate of 5% a year, payable semi-annually, the bonds are convertible into shares at a price of HK$0.9 ($0.11) a share.
The company also proposes to issue 118 million warrants in a private placement at a subscription price of HK$0.99 ($0.12) a warrant.
E-Commodities deals in the processing and trading of coking coal and other products.