Deals this week: TopTung, Lithium Consolidated Mineral Exploration, Beadell Resources

10 August 2018 (Last Updated August 9th, 2018 15:17)

TopTung has agreed to raise A$0.5m ($0.36m) through a private placement of shares priced at A$0.035 ($0.025) a share.

TopTung has agreed to raise A$0.5m ($0.36m) through a private placement of shares priced at A$0.035 ($0.025) a share.

The company has engaged GTT Ventures as its corporate adviser for the transaction.

Australia-based TopTung is engaged in the acquisition and exploration of mineral properties.

Lithium Consolidated Mineral Exploration has reached an agreement to acquire 100% interest in the Bepe and Kondo mines in Zimbabwe.

“Golden Star Resources has agreed to issue 163.21 million common shares to La Mancha in a private placement in order to raise $125.7m in cash.”

Australia-based Lithium Consolidated Mineral Exploration is engaged in the development of projects in early development and production stages in Zimbabwe and Mozambique.

Beadell Resources has agreed to raise A$11.8m ($8.72m) via the issuance of approximately 218.3 million fully paid ordinary shares, priced at A$0.054 ($0.04) a share, as part of a private placement.

International institutional and sophisticated investors are expected to subscribe to the shares issued under the placement.

The company has engaged CIBC Capital Markets and Cormark Securities as co-lead agents for the transaction.

Beadell is an Australian gold mining company currently focused on the development of the Tucano gold mine in Brazil.

Thor Explorations plans to raise up to C$10m ($7.69m) via the private placement of up to 55.55 million units priced at C$0.18 ($0.14) each.

Each unit will comprise one common share in the company and a common share purchase warrant, which is entitles the holder to acquire an additional common share, priced at C$0.28 a share, within 36 months from the date of issue.

Canada-based Thor is a mineral exploration company that is primarily focused on acquiring, exploring, and developing mineral properties in Nigeria, Senegal and Burkina Faso.

Sprott Capital Partners will act as the lead agent for the placement.

Golden Star Resources has agreed to issue 163.21 million common shares to La Mancha in a private placement in order to raise $125.7m in cash.

The issued shares will be equivalent to approximately 30% of the company’s outstanding share capital.

Golden Star is a Canadian gold mining company, while La Mancha Holding is a private gold investment firm based in Luxembourg.

Golden Star has engaged Fasken Martineau DuMoulin as its adviser for the transaction, while La Mancha has engaged McCarthy Tetrault as its adviser.