Deals this week: Supreme Metals, Fremont Gold, Jupiter Mines

23 March 2018 (Last Updated March 22nd, 2018 10:39)

Supreme Metals has agreed to issue up to 40 million units priced at C$0.05 ($0.03) a unit in a non-brokered private placement to raise C$2m ($1.52m).

Supreme Metals has agreed to issue up to 40 million units priced at C$0.05 ($0.03) a unit in a non-brokered private placement to raise C$2m ($1.52m).

Each unit will comprise one common share and one common share purchase warrant. One full warrant can be used to purchase an additional common share at a price of C$0.075 ($0.057) within two years from the offer closure date.

Supreme Metals is a Canadian mineral exploration company with primary focus on green and energy metals.

Fremont Gold has agreed to issue up to 7.5 million common shares priced at C$0.16 ($0.12) a common share in a non-brokered private placement to raise up to C$1.2m ($0.91m).

Based in Canada, Fremont Gold is engaged in gold exploration.

Jupiter Mines plans to raise A$240m ($185.05m) through an initial public offering of 600 million shares priced at A$0.40 ($0.31) a share.

The Australia-based mining company is engaged in the exploration and development of manganese and iron ore properties.

“The acquisition is a part of an amendment to the company’s Omnibus Exchange Agreement with Hondo Minerals Corporation and other related parties.”

Bonanza Goldfields has acquired the Thunder Mountain gold project located in Nye County, Nevada, US.

The acquisition is a part of an amendment to the company’s Omnibus Exchange Agreement with Hondo Minerals Corporation and other related parties.

Based in the US, Bonanza Goldfields is engaged in the exploration of gold and silver metals.

Amarillo Gold has agreed to raise C$3m ($2.28m) through a non-brokered private placement of units priced at C$0.28 ($0.21) a unit.

Each unit will comprise one common share and one-half of one common share purchase warrant. Each full warrant can be used to purchase a common share at a price of C$0.38 ($0.29) within two years from the date of issue.

Based in Canada, Amarillo Gold is engaged in gold exploration.

Alara Oman Operations and South West Pinnacle Exploration Limited (SWPE) have agreed to form a 50:50 joint venture (JV) is engaged in drilling, exploration and mine development activities, in addition to offering services to other mineral exploration companies in Oman.

Alara Oman Operations is an Oman-based mining company and a wholly owned subsidiary of Australia-based Alara Resources, while SWPE is an Indian drilling and exploration service provider.

Choom Holdings has issued 11.6 million subscription receipts priced at C$0.60 ($0.45) a receipt in a private placement to raise C$7m ($5.34m).

Based in Canada, Choom Holdings is focused on developing exploration-stage mines.