Deals this week: Venturex Resources, Tata Steel, Zinc of Ireland


Australia-based Venturex Resources has reached an agreement to raise up to A$3.75m ($2.93m) in non-renounceable rights offering of shares, priced at A$0.005 ($0.004) each.

The subscribing shareholders will receive two shares for every seven shares held in the company.

The company has engaged Euroz Securities as the lead manager and underwriter for the transaction, which will close on 3 August.

"Under the issue, the existing shareholders will be offered a new share of the company for every three shares held."

Venturex is engaged in the exploration and development of zinc mines.

India-based steel producer Tata Steel plans to issue non-convertible debentures (NCDs) in a private placement to raise up to Rs100bn ($1.55bn).

Australia-based mineral exploration company Zinc of Ireland plans to raise A$1.56m ($1.22m) through a rights issue of shares, each priced at A$0.0005 ($0.00039).

Under the issue, the existing shareholders will be offered a new share of the company for every three shares held, along with an attaching option exercisable for A$0.015 ($0.11), before 21 July 2021.

SeAH Besteel Corporation has raised KRW110bn ($96.8m) in an indirect public offering of fixed-rate coupon corporate bonds maturing on 14 July 2020.

Based in Korea, SeAH Besteel is engaged in the manufacturing of speciality steel products.