Shares in Carawine Resources rose 33 per cent following an all-cash takeover bid from Christopher Wallin-affiliated company QGold, which also took up a large stake in the explorer.
Lefroy Exploration and Carawine Resources are set to raise nearly $11 million cumulatively after receiving backing from sophisticated and institutional investors.
Venus Metals Corporation has entered into an underwriting agreement with Ord Minnett to exercise $5.7 million worth of options to progress exploration activities at its base metal projects in Western Australia.
