Australia-based Venturex Resources has reached an agreement to raise up to A$3.75m ($2.93m) in non-renounceable rights offering of shares, priced at A$0.005 ($0.004) each.

The subscribing shareholders will receive two shares for every seven shares held in the company.

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The company has engaged Euroz Securities as the lead manager and underwriter for the transaction, which will close on 3 August.

"Under the issue, the existing shareholders will be offered a new share of the company for every three shares held."

Venturex is engaged in the exploration and development of zinc mines.

India-based steel producer Tata Steel plans to issue non-convertible debentures (NCDs) in a private placement to raise up to Rs100bn ($1.55bn).

Australia-based mineral exploration company Zinc of Ireland plans to raise A$1.56m ($1.22m) through a rights issue of shares, each priced at A$0.0005 ($0.00039).

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Under the issue, the existing shareholders will be offered a new share of the company for every three shares held, along with an attaching option exercisable for A$0.015 ($0.11), before 21 July 2021.

SeAH Besteel Corporation has raised KRW110bn ($96.8m) in an indirect public offering of fixed-rate coupon corporate bonds maturing on 14 July 2020.

Based in Korea, SeAH Besteel is engaged in the manufacturing of speciality steel products.

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