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December 8, 2017

Deals this week: Emu NL, Globex Mining, Treasury Metals

Emu NL has agreed to raise A$0.6m ($0.46m) by issuing four million shares in a private placement.

Emu NL has agreed to raise A$600,000 ($460,000) by issuing four million shares in a private placement.

As part of the placement, the subscribers will receive a free option for every two ordinary fully paid shares convertible into a listed, partly-paid share on or before 30 April 2018.

Based in Australia, Emu is a junior resource company.

Canada-based mineral explorer Globex Mining has raised C$550,000 ($430,000) in a private placement of 846,153 flow-through common shares priced at C$0.65 ($0.51) a share.

The flow-through shares are issued at 55% premium to the current market price and are subject to a four-month holding period.

Treasury Metals has agreed to issue 4.5 million flow-through common shares, priced at C$670,000 ($530,000) a share, in a private placement to raise C$3.02m ($2.38m).

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“Cleveland-Cliffs has agreed to raise $275m in a public offering through an issue of senior secured notes due in 2025.”

The shares will have a holding period of four months plus a day from the date of placement closure, which is expected on 21 December.

The company has engaged Haywood Securities as its agent for the transaction.

Based in Canada, Treasury Metals is engaged in the exploration and development of gold projects.

Traka Resources has raised A$1.89m ($1.43m) by issuing 42.04 million shares, priced at A$0.045 ($0.034) a share, in a private placement.

Based in Australia, Traka Resources is engaged in the exploration of nickel sulphide, copper, iron and gold metals.

Cleveland-Cliffs has agreed to raise $275m in a public offering through an issue of senior secured notes due in 2025.

The US-based company is involved in the production and mining of iron ore. It was formerly known as Cliffs Natural Resources.

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