Deals this week: TerraX Minerals, NuLegacy Gold Corporation, Marmota Energy


Aurora Tank

TerraX Minerals has agreed to raise C$7m ($5.41m) through a non-brokered private placement of 17.5 million flow-through shares each priced at C$0.40 ($0.30), in order to fund a drilling programme on its 100% owned Yellowknife City Gold project in Canada.

NuLegacy Gold Corporation has agreed to raise C$3m ($2.32m) through a non-brokered private placement of ten million units priced at C$0.30 ($0.23) a unit, to fund the drilling works at its Iceberg gold deposit in Canada.

Marmota Energy has reached an agreement with its joint venture (JV) partner Apollo Minerals, under which the former will acquire the remaining interest in the Aurora Tank tenement (EL5589) in Australia, held by the former, in exchange for A$0.05m ($0.03m).


Image: Marmota Energy will assume full ownership of the Aurora Tank Gold Project (Encircled in green). Photo: courtesy of Marmota Energy.