Canada-based mineral exploration and development company Wolfden Resources, has announced plans to raise approximately C$400,000 ($290,000) through a non-brokered private placement of equity.

The placement will include 2.5 million flow-through shares priced at C$0.16 ($0.11) a share. Wolfden also has the option to increase the offer size by up to 15% through the addition of 375,000 flow-through shares.

Expected to close on 7 June, the securities issued will expire after four months and one day from the offering's closing date.

Automotive, an exploration and development company based in Canada, intends to raise C$10m ($7.43m) in gross proceeds through a bought-deal private placement.

The transaction includes placement of 3,705,000 common shares priced at C$2.70 ($2) a share.

The company has also allowed the underwriters to subscribe for an additional 370,500 shares in whole or in part within 30 days after the closure of the offer.

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The company has engaged Canaccord Genuity as the underwriter for the offer.

India-based Vedanta has announced plans to offer rated, secured, redeemable, non-cumulative and non-convertible debentures and raise Rs3.5bn ($54.14m). 

Northern Vertex Mining (NVM) has entered a subscription agreement with Greenstone Resources to raise $20m in a non-brokered private placement of 51,769,230 units priced at C$0.52 ($0.38) a unit. 

Each unit will comprise a common share of NVM and one-half of one non-transferable common share purchase warrant, valid for five years. Greenstone will also have an option to acquire one common share of NVM at a price of C$0.91 ($0.67) during the first two years from the issuance date and at C$1.04 ($0.77) during the warrant's remaining term.

The transaction is expected to be closed in two separate tranches of 27.92 million units and 23,849,230 units respectively. The first tranche is understood to raise gross proceeds of $10.78m ($8.02m) and enable Greenstone to hold 19.99% of the issued and outstanding common shares of NVM. 

"The purchase consideration agreed under the definitive agreement is C$58,000 ($43,000)."

NVM is an exploration and mining company involved in the development of precious metal deposits.

Fireweed Zinc, has raised C$4.02m ($2.99m) in gross proceeds through the issue of 8.05 million common shares priced at C$0.5 ($0.37) a share in an initial public offering (IPO).

The company engaged Haywood Securities as the placement agent for the IPO.

Ely Gold & Minerals’ subsidiary Nevada Select Royalty has agreed to buy an interest in the 18 patented mining claims in Esmeralda and Nye Counties of Nevada from Eastfield Resources (USA).

The purchase consideration agreed under the definitive agreement is C$58,000 ($43,000).

Nevada Select Royalty and Eastfield Resources (USA) are based in the US, while Ely Gold & Minerals and Eastfield Resources are headquartered in Canada.

As part of the transaction, Nevada Select will make a single cash payment of C$50,000 ($30,000) along with issuing 300,000 Ely Gold common shares to Eastfield.

GoldMining has acquired Bellhaven and its La Mina project in Colombia, following an arrangement agreement made in April 2017. 

As part of the arrangement, GoldMining issued 7,339,303 common shares to acquire all the issued and outstanding common shares of Bellhaven. The deal represents 5.8% dilution to the existing GoldMining shareholders.

GoldMining expects to consolidate its gold-copper porphyry portfolio in the under-explored Mid Cauca Belt of Colombia through the addition of the La Mina project.