Dark Horse Resources has raised A$4m ($3.07m) in a private placement of 200 million shares priced at A$0.02 ($0.01) a share.

The funds raised include A$3.44m ($2.64m) in firm commitments and A$0.58m ($0.44m) as proposed applications.

The company also plans to issue shares to registered shareholders who did not participate in the latest private placement as part of a share purchase plan.

Dark Horse Resources is a mineral exploration company based in Australia.

Australia-based gold exploration company Kin Mining plans to raise A$2.4m ($1.8m) through a private placement of shares.

South32 has signed a conditional agreement with Aquila Resources to acquire a 50% stake in the Eagle Downs metallurgical coal project located in Queensland’s Bowen Basin.”

The placement will comprise approximately 21.9 million ordinary shares, equivalent to 9.9% of the existing shares in the company, priced at A$0.11 ($0.08) a share.

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By GlobalData

Kin Mining also plans to issue approximately 81.2 million ordinary shares priced at A$0.11 ($0.08) a share as part of a non-renounceable entitlement offer in order to raise A$8.9m ($6.69).

The company has engaged Euroz Securities as its lead manager and underwriter for the transaction.

Japan-based trading company Sojitz has reached an agreement with Mitsubishi and BHP to acquire the Gregory Crinum coking coal mine (GC Mine) in Australia for a sum of A$100m ($75.2m).

Japan-based Mitsubishi Corporation is a trading company, while BHP (formerly known as BHP Billiton) is a diversified natural resources company based in Australia.

South32 has signed a conditional agreement with Aquila Resources to acquire a 50% stake in the Eagle Downs metallurgical coal project located in Queensland’s Bowen Basin.

The terms of consideration include a payment of $106m upon completion of the transaction, as well as a deferred payment of $27m after three years.

The acquisition also includes an $80m production royalty.

South32 intends to use its cash reserves to fund the transaction.

South32 is a diversified metals and mining company, while Aquila Resources is engaged in the mining and exploration of coal, manganese and iron ore.

Both companies involved in the deal are based in Australia.

CopperChem has reached an agreement with Independence Group NL (IGO) to acquire the Jaguar Operation located north of Leonora, Western Australia, for A$73.2m ($55.38m).

The company is slated to pay A$25m ($18.91m) in cash and the remaining consideration in deferred cash payments as part of the agreement.

CopperChem is engaged in copper mining, while Independence Group NL (IGO) specialises in the production of nickel and gold.

Both companies are based in Australia.

CopperChem has engaged Pitt Capital Partners as financial adviser and McCullough Robertson as legal adviser for the transaction.

IGO has enlisted Euroz Securities as financial adviser and Herbert Smith Freehills as legal adviser in support of the deal.

McEwen Mining has announced plans to raise a total of $50m in a private placement of senior secured notes due 2021.

The notes carry an annual coupon rate of 9.75% and are set to have a validity of three years.

An independent third-party lender has agreed to purchase 50% of the notes, while the remaining will be purchased by Rob McEwen.

Canada-based McEwen Mining is engaged in the production of gold and silver.