FinnAust Mining has completed the placement of approximately 76.42 million new ordinary shares and issue of 45 million existing shares.
The company has raised gross proceeds of £8.5m ($10.76m) through the transaction, which is priced at 7p a share.
Go deeper with GlobalData
Proceeds will be used to evaluate ilmenite mining at Pituffik, Greenland, and to purchase FinnAust stock from Australian nickel producer, Western Areas.
Australia-based Paringa Resources Limited intends to issue 19 million shares to institutional investors in a private placement.
The issue will be priced at A$0.42 ($0.31) a share and will raise gross proceeds of A$8m ($5.95m), which will be used for completing its feasibility study for two coal seam operation at Poplar Grove and to begin the development of Poplar Grove project next year.
See Also:
Broadway Gold Mining intends to issue up to six million warrants in a non-brokered private placement to raise funds required for working capital purposes and to finance a surface and underground drilling programme in 2017.
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.
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 GlobalDataThe warrants will be priced at C$0.35 ($0.26) each to raise gross proceeds of up to C$2.1m ($1.59m).
Canadian mineral exploration firm Niobay Metals has agreed for a non-brokered placement of up to 1,176,471 flow-through shares to raise funds to carry out exploration on its Canadian properties.
Priced at C$0.85 ($0.64) each, the shares will raise C$1m ($760,000) in gross proceeds.
