International Cobalt has signed a letter of intent (LoI) to acquire the Ramsay Cobalt Project in New Brunswick for C$1.13m ($0.88m).
International Cobalt is set to pay C$0.5m ($0.4m) in cash, as well as issue 2.5 million shares worth a combined total of approximately C$0.63m ($0.48m) as part of the agreement.
In return, Ramsay Cobalt will earn a 2% net smelter royalty (NSR) and hold an option to buy back one half of the property from International Cobalt for a sum of C$1m ($0.78m).
International Cobalt is a Canada-based firm that is primarily engaged in cobalt exploration.
EMR Capital Group and PT Adaro Energy have signed an agreement with Australian coal mining company Rio Tinto Coal Australia to purchase an 80% stake in the Kestrel coal mine in the Bowen basin, Queensland, for A$2.25bn ($1.74bn).
Australia-based EMR Capital Group is a private equity company, while PT Adaro Energy is an Indonesian energy group with a main focus on coal mining operations.
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Mexican Gold has agreed to issue units priced at C$0.3 ($0.23) each as part of a non-brokered private placement to raise a total of C$1m ($0.77m).
Each unit will comprise one common share and one common share purchase warrant.
Each full warrant can be used to purchase a transferable common share at a price of C$0.6 ($0.46) within three years from the date of issue.
Canada-based Mexican Gold is a mineral exploration company that is primarily engaged in the development of gold and copper projects.
Bushveld Minerals has issued 152.75 million shares, priced at £0.10 ($0.14) a share, as part of a private placement to raise £15.7m ($22.18m).
The placement represents approximately 14.4% of the company’s issued share capital.
The issued shares were subscribed to by a group of cornerstone investors and the founders of Mimosa Platinum and LionOre Mining International, as well as other investors of Mantra Resources.
Bushveld Minerals is a South African organisation that is engaged in the exploration of vanadium, tin and coal.
The company has engaged SP Angel Corporate Finance and Alternative Resource Capital as joint brokers for the transaction.
Pathfinder Minerals plans to raise approximately £51m ($72.06m) via the private placement of 75 million shares, priced at £0.68 ($0.96) a share.
UK-based Pathfinder is a natural resource company that primarily focuses on the mining of heavy mineral sands.
Boss Resources has issued 200 million new ordinary shares, priced at A$0.04 ($0.03) a share, in a private placement with the aim of raising A$8m ($6.15m).
Boss has engaged Tribeca Investment Partners to arrange project financing facilities of up to $65m to develop and restart its Honeymoon uranium project.
The Australia-based mineral exploration company has engaged BW Equities as lead manager for the placement initiative.