Orocobre has agreed to raise A$47.37m ($37.67m) in a second tranche of private placement of 6,316,910 shares priced at A$7.50 ($5.96) each.

The transaction follows the first tranche of a private placement, with Orocobre agreeing to raise A$234.21m ($186.27m) by issuing 31,228,010 shares priced at A$7.50 ($5.96) each.

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The company has simultaneously agreed to raise A$79m ($62.83m) through a rights offering of 12,113,900 shares priced at A$6.55 ($5.20) each.

UBS has been appointed as the financial advisor and Jones Day as the legal advisor for the placement.

Based in Australia, Orocobre is engaged in the exploration of lithium and borax.

International Cobalt has agreed to raise C$10m ($8.04m) in a non-brokered private placement. The transaction will include the issue of up to 40 million units priced at C$0.25 ($0.20) a unit.

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Each unit will consist of one common share, and one half common share purchase warrant, which entitles the holder to purchase an additional common share of the company at a price of C$0.40 ($0.32) a unit within 24 months from closing date.

Based in Canada, International Cobalt is a cobalt exploration company.

BMR Group has agreed to raise £2.3m ($3.16m) from Jubilee Metals Group through a private placement of 97,371,298 new shares.

“The company has simultaneously agreed to raise $62.83m through a rights offering of 12,113,900 shares priced at $5.20 each.”

The shares will be priced at £0.03 ($0.04) each, and represent 29.01% stake in the company’s capital.

Jubilee has agreed to pay £500,000 in cash and issue 63,166,969 new ordinary shares priced at £0.03 ($0.04) a share, as part of the transaction.

The company has engaged SPARK Advisory Partners as advisor and Beaufort Securities as broker for the transaction.

BMR Group is engaged in the exploration of zinc and lead, while Jubilee Metals is engaged in the exploration of platinum.

Both companies involved are UK-based.

Avanco Resources has reached an agreement with Vale to acquire the Pantera Copper Project in Brazil for a purchase consideration ranging between $20m and $35m.

Avanco is an Australian company engaged in the exploration and development of base metal properties, while Vale is a Brazilian company engaged in the production and sale of iron ore and pallets.

Goldplat has reached an agreement to sell 75% interest in the Anumso Gold Project in Ghana to Ashanti Gold.

Both companies are involved in gold exploration.