Crusader Resources is seeking to raise $4.1 million via a rights issue, while Amani Gold has raised $3 million through a share placement, as both juniors seek to advance their gold projects.
Three junior miners are undertaking capital raisings, with Amani Gold set to raise at least $3.7 million, Hot Chili $3.2 million, and $3 million for Capricorn Metals.
Sacgasco has executed an Agreement with Raven Energy and its Bombora subsidiaries to acquire various working interests in the Alvares, Dempsey and Dempsey Trend Projects in the Sacramento Basin.
Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.
Wayne Trumble and Philip Clark have retired as non-executive directors of African Energy Resources, but will continue to provide consultancy services when required.
Amani Gold has signed a memorandum of understanding with a little-known Chinese investment group to raise $25 million via a share issue to fund drilling at the Giro Gold project in the Congo.
Perth-based gold exploration company Huntsman Resources is seeking to list on the ASX with the launch of its prospectus for a $4.5 million initial public offering.
Shares in local explorer Burey Gold have skyrocketed on promising drilling results at its Giro project in Africa, with today's gains on top of a big jump before the results were announced.
Perth-based gold explorer Burey Gold has announced plans for a $6 million share placement and hopes to use the funds raised to carry out exploration across the company's mineral properties in West Africa.
Balcatta-based exploration company Caspian Oil and Gas Ltd has farmed out its Guinea based Mansounia gold project to Australian company Burey Gold Ltd, in order to recognise value from its non-petroleum assets.
