Bank of Queensland today announced another step in the rebuilding of its senior management group, in tandem with unveiling a $91 million half-year loss and a large capital raising to bolster its balance sheet.
Five small and mid-cap miners including Papillon Resources, Coalspur and Condoto Platinum have raised a total of $39 million in new capital to support operations that stretch from West Africa to Canada.
Corporate finance deals launched or completed in Western Australia during 2011 were worth a whopping $59.8 billion, a survey by WA Business News has found.
Gindalbie Metals has completed the final stage of its $209 million equity raising, placing a $75 million in shares.
The company issued over 111 million shares at 67 cents each to its major shareholder Ansteel, with Ansteel now holding a 35.86 per cent interest in Gindalbie.
Phylogica has completed a $2.15 million capital raising to fund its drug discovery infrastructure, invest in in-house programmes and support operational activities.
Southern Cross Goldfields has completed a $3.3m capital raising to fund the completion of a feasibility study at its Marda gold project and exploration at the Copper Bore VMS copper-gold project.
Independence Group has completed a $118 million capital raising to fund construction and development at its part-owned Tropicana gold project.
The offer saw 29.6 million new shares sold to sophisticated and professional investors at a price of $4.00 per share.
Rey Resources has completed a $4 million share placement for its Duchess Paradise coal project in WA's Kimberley region.
The company announced today the placement of 28.6 million ordinary shares at 14 cents per share to sophisticated and institutional clients of Perth broker Euroz.
Perth-based petroleum explorer Red Fork Energy has secured $27.9 million through a share placement, the company announced today.
The Oklahoma-focused company said it placed 40.46 million new ordinary shares at 69 cents per share to sophisticated and professional investors.
CuDeco will raise $32 million for its Rocklands copper project in a share placement agreement with UK-based M&G Investments, the company announced today.
The agreement allows for the subscription of 8 million shares at $4 per share.
South Boulder Mines hopes to raise $10.1 million through a one-for-ten share deal at $1.10 per share.
The company is offering one attaching unlisted option for every two new shares subscribed for, exercisable at $1.60 each and expiring a year after the date of issue.
Latin Resources shares have rocketed after the company announced China-backed Junefield Holdings had taken a 16.8 per cent stake in the company after executing two agreements worth a combined $52 million.
At close of trade today Latin’s stocks had closed up 27 per cent, to 23.5 cents.
Difficult sharemarket conditions have come home to roost at C @, with the Mongolia-focused coal explorer slashing the price of its capital raising activities by half.
Base Resources says it has finalised arrangements for its previously announced $US170 million finance facility to fund the development of its Kwale mineral sands project in Kenya.
Gryphon Minerals has completed $58.5 million share placement and $10 million share purchase plan to fund a definitive feasibility study and accelerated exploration at its flagship Banfora gold mine in Burkina Faso.
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