New Era Minerals has agreed to issue 11.5 million common shares priced at C$0.08 ($0.06) a share as part of a private placement in order to raise C$0.92m ($0.71m).

Canada-based New Era Minerals is primarily engaged in mineral property exploration and development.

International Tower Hill Mines has raised a total of C$12m ($9.31m) via the non-brokered private placement of 24 million common shares, priced at C$0.5 ($0.38) a share.

Electrum Group’s Electrum Strategic Opportunities Fund II has invested $9.47m and acquired 19.8 million common shares in the company as part of the placement initiative.

The remaining shares were acquired by the company’s existing institutional shareholder and Paulson & Co.

Paulson will hold 32% of the issued and outstanding shares in International Tower Hill Mines following the placement, while Electrum will hold 10.7% of the shares.

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By GlobalData

International Tower Hill Mines is Canadian company that specialises in the development of gold deposits.

Gold Resource has acquired the County Line gold property in Mineral and Nye Counties, Nevada, from Nevada Select Royalty for a sum of $300,000.

"International Tower Hill Mines has raised a total of C$12m ($9.31m) via the non-brokered private placement of 24 million common shares, priced at C$0.5 ($0.38) a share."

Nevada Select will earn a 3% net smelter return royalty (NSR) on the property as part of the transaction, while Gold Resource will hold the right to buy back 1% of the NSR from Nevada Select for $1m.

Gold Resource is engaged in gold and silver exploration, while Nevada Select Royalty is focused on mineral exploration. Both companies are based in the US.

Canada-based vanadium producer Stina Resources has raised C$10m ($7.79m) via a non-brokered financing of secured convertible debentures.

The debentures bear an interest rate of 9% a year and can be converted into units at a price of C$0.6 ($0.47) a unit.

Each unit will comprise one common share and one-half of a common share purchase warrant.

One full warrant can be used to purchase a common share at a price of C$1 ($0.78) within three years from the date of issue.

Tinka Resources has agreed to issue 12.5 million units priced at C$0.48 ($0.37) a unit in a private placement to raise C$6m ($4.67m).

Each warrant holder will have the option to acquire a common share of the company for C$0.75 ($0.58) within 12 months of the placement’s closure.

Tinka Resources has simultaneously agreed to raise C$7m ($5.46m) by issuing 14.6 million units priced at C$0.48 ($0.37) a unit as part of a private placement.

Canada-based Tinka Resources is primarily engaged in mineral exploration operations.

Anfield Energy has signed a term sheet agreement with Cotter Corporation to acquire the Charlie ISR uranium project in the Pumpkin Buttes Uranium District of Johnson County, Wyoming.

Anfield will issue common shares equivalent to 10% ownership interest to Cotter as part of the development, while Cotter will retain a 20% interest in all the yellowcake produced at the project.

Anfield Energy is a Canadian mineral explorer focused on the acquisition and development of copper and uranium deposits, while Cotter is a mining company based in the US.