Perseus Mining has agreed to raise up to A$102m ($75m) from two deals, comprising a private placement of shares and a separate entitlement offering.
The company has agreed to raise A$61m ($45m) by offering 122 million shares to sophisticated and institutional investors. Each share is priced at A$0.50 ($0.36). It has also agreed to raise up to A$41m ($30m) through a non-renounceable entitlement offering of 81.9 million shares priced at A$0.50 ($40.36) each.
Proceeds from the transactions will primarily be used to fund development of the Sissingue Gold Project, complete the definitive feasibility study (DFS) for the Yaoure Gold Project, and increase its exploration activities.
Dundee Precious Metals (DPM) has agreed to raise C$47.52m ($36.84m) through a bought deal offering of 15.84 million common shares to underwriters. The shares are priced at C$3 ($2.32) each.
The underwriters will also have an option to purchase up to 2,376,000 additional shares, exercisable in whole or in part at any time up to 30 days after the closing of the offering, which is expected on 11 July 2016. The aggregate gross proceeds of the offering will increase to C$54.64m ($42.36m) if the option is exercised.
Barrick Cortez, a wholly owned subsidiary of Barrick Gold, has signed a purchase and sale agreement with Coral Gold Resources.
Under the agreement, Barrick will acquire the Robertson Property in Lander County, Nevada, US, from Coral Gold Resource in exchange for $15.75m in cash, return of 4,150,000 common shares of the latter held by the former, and offer of a 1% to 2.25% net smelter returns royalty (NSR) to the latter, which will be paid on a quarterly basis.
The Robertson Property covers an area of approximately 8,480 acres, integrating 415 claims and nine patented claims.