Deals this week: Prospect Resources, Diatreme, Halls Creek

2 February 2018 (Last Updated February 2nd, 2018 09:30)

Prospect Resources plans to raise A$10m ($8.08m) from institutional and sophisticated investors in a private placement of shares priced at A$0.06 ($0.04) each. 

Prospect Resources plans to raise A$10m ($8.08m) from institutional and sophisticated investors in a private placement of shares priced at A$0.06 ($0.04) each.

Based in Australia, Prospect Resources is engaged in mining and exploration of lithium and gold.

The company has engaged Hunter Capital Advisors as sole lead manager for the transaction.

Diatreme Resources has raised A$490,000 ($390,000) in a private placement of 24.5 million ordinary shares, priced at A$0.02 ($0.01) a share.

The Australia-based company is engaged in the exploration of mineral sands, copper, gold and base metals.

Halls Creek Mining has agreed to acquire the Mary river gold project near Halls Creek in Western Australia for A$0.08m ($0.06m).

Based in Australia, Halls Creek is engaged in gold exploration.

Anglo American Inyosi Coal (Proprietary) has reached an agreement with New Largo Coal Proprietary to sell the New Largo thermal coal project and Old New Largo closed colliery in South Africa to the latter for a cash consideration of $71m.

Both companies involved are based in South Africa.

“Torex Gold Resources has reached an agreement to raise $44.64m in a private placement of 4.37 million shares priced at $10.22 a unit.”

Anglo American Inyosi Coal (Proprietary) is engaged in coal mining, while New Largo Coal Proprietary is involved in coal production.

Torex Gold Resources has reached an agreement to raise C$55m ($44.64m) in a private placement of 4.37 million shares priced at C$12.60 ($10.22) a unit.

Underwriters will be granted an option to purchase an additional 15% shares at the offer price, exercisable within 30 days following the offering closure.

Based in Canada, Torex Gold Resources is engaged in gold exploration.

The company has engaged BMO Capital Markets as underwriter for the transaction.

United Company RUSAL has raised $500m in a public offering of international bonds due 2023.

The company will pay an interest of 4.85% a year semi-annually on the bonds issued, with the final payment to be made on 1 February 2023.

The company has engaged Citigroup, Credit Bank of Moscow, Credit Suisse Group, Gazprombank, JPMorgan Chase & Co, Natixis, Renaissance Capital, Sberbank, Sovcombank, UniCredit, and VTB Capital as book-runners for the transaction.

Clearstream Banking is engaged as the depository.

Based in Russia, RUSAL is engaged in the production of aluminium and related products.