Deals this week: United Company RUSAL, Barkerville Gold Mines, Declan Resources
United Company RUSAL plans to raise RMB500m ($75.81m) through a second tranche of Panda bonds.
United Company RUSAL plans to raise RMB500m ($75.81m) through a second tranche of Panda bonds. The bonds will have a coupon rate of 5.5% a year and a tenor of at least two years.
The company has engaged China International Capital Corporation as the arranger and underwriter for the offering.
United Company RUSAL is a Russian company engaged in the manufacture and sale of aluminium and related products.
Canada-based gold mineral explorer and developer Barkerville Gold Mines has reached an agreement to raise an additional C$7m ($5.56m) through a private placement of 8.75 million flow-through shares priced at C$0.80 ($0.63) a share.
"The issued amount will have a four-month resale restriction."
Issued securities will have a holding period of four months and one day.
Declan Resources has raised C$1m ($790,000) through a non-brokered private placement of 16,666,667 common shares priced at C$0.06 ($0.04) each.
The issued amount will have a four-month resale restriction.
Minerals exploration and development company Overland Resources has entered a binding agreement to acquire a 75% stake in the Zebina Minerals' Yandal East Gold Project located in Wiluna, Western Australia.
Both companies involved in the transaction are based in Australia.