Millennial Lithium Corp has announced that it has raised C$5.93m ($4.43m) through private placement of 4.75 million units at a price of C$1.25 ($0.93) each in order to fund drilling at one of its resources and for general working capital purposes.
Each unit is made up of one common share, and one-half of one share purchase warrant, which is exercisable for a period of two years from closing at an exercise price of C$1.50 ($1.12).
The units, plus any issued common shares of Millennial Lithium, will have a holding period of four months expiring on 24 July.
Millennial Lithium is a Canadian mineral exploration and development company.
Canada-based exploration-stage company Brigadier Gold Limited has announced its plans to raise C$1m ($0.74m) through a non-brokered private placement of ten million units priced at C$0.1 ($0.07) a unit.
Each unit will comprise one common share and one common share purchase warrant, which will give the holder an option to buy further shares at an exercise price of C$0.20 ($0.14) each. The holder can acquire the shares within 12 months from the closing date of the offering.
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KGL Resources Limited has announced the acquisition of Unka Creek Exploration Project (EL28082) from Natural Resources Exploration for A$0.5m ($0.38m).
The company has raised A$1m ($760,000) through private placement of 2,702,702 ordinary shares priced at A$0.37 ($0.28) each in order to partly fund the acquisition.