Kingston Resources has raised A$4.26m ($3.37m) in a private placement of 194 million shares each priced at A$0.022 ($0.017).

Bridge Street Capital Partners and Curran & Co served as joint lead managers for the transaction.

Kingston has further agreed to raise A$1m ($790,000) in share purchase plan priced at A$0.022 ($0.017) a unit.

Based in Australia, Kingston Resources is engaged in the exploration of gold and copper.

Fireweed Zinc plans to raise C$4.98m ($3.99m) in a private placement of three million flow-through common shares each priced at C$1.66 ($1.33).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company has simultaneously announced the private placement of 3.81 million common shares each priced at C$1.32 ($1.05) to raise C$5.03m ($4.03m).

Resource Capital Funds has agreed to subscribe to four million shares offered under the private placement.

Based in Canada, Fireweed Zinc is engaged in mineral exploration and development, while Resource Capital Funds is a US-based private equity firm focused on mining.

Filo Mining has agreed to raise C$15m ($12.06m) by issuing 5.77 million shares priced at C$2.60 ($2.09) each in a bought deal financing.

Underwriters are allowed to purchase an additional 15% of the total shares issued under the offering, within 30 days from the closure of the offering.

The company has also agreed to raise $8.04m from Zebra Holdings and Investments, and Lorito Holdings through a non-brokered private placement of shares priced at C$2.60 ($2.09) a unit.

Based in Canada, Filo Mining is engaged in the exploration of copper, gold, and silver.

Propect Resources has reached an option agreement with TSM Enterprises to acquire the Tombolo Klippe project in the Democratic Republic of Congo.

Based in Australia, Propect Resources is engaged in the exploration and evaluation of mineral resources.

Canadian mineral exploration company Rupert Resources plans to raise C$5m ($4.02m) in a non-brokered private placement of up to 6,024,096 common shares priced at C$0.83 ($0.66) each.

The company also has an option to raise C$5.75m ($4.62m) through the private placement of an additional 903,614 common shares.

Dempsey Minerals has entered an option agreement with Blue Sky Lithium for 100% acquisition of the latter’s mining tenements located in Hombre Muerto salt flat, Catamarca Province, Argentina.

Dempsey Minerals plans to complete the acquisition by way of asset sale management or by acquiring 100% of Blue Sky Lithium’s issued capital.

Dempsey Minerals is engaged in the exploration of lithium, tin, and tantalum, while Blue Sky Lithium is a lithium exploration company. Both companies are based in Australia.