Latest Capital Raises News

Alice Queen Limited is set to raise nearly $1 million through a two-tranche share placement, with substantial shareholder support and options attached, aiming to fuel exploration at its Viani project.

Celsius Resources has successfully completed the second tranche of its capital raising, issuing over 227 million shares and securing approximately A$1.75 million. The new shares are now trading on AIM, marking a significant step in the company’s funding strategy.

Impact Minerals Ltd has successfully closed its renounceable rights issue, raising $635,000 and issuing over 105 million new shares alongside nearly 53 million options. The capital raise marks a significant step in bolstering the company’s funding position.

Bayan Mining and Minerals Limited has completed a $300,000 placement to its directors, issuing new shares and attaching options, signaling strong board confidence in the company’s future.

Osteopore Limited has increased its capital raise by drawing down an additional A$500,000 on its Tranche 1 redeemable convertible notes, bringing total subscriptions to A$3.5 million. The funds will support ongoing operations and future growth initiatives.

Australian Bond Exchange Holdings has completed a $683,180 private placement, issuing over 17 million shares to strengthen its financial position and support expansion and cost-cutting initiatives.

Legacy Minerals Holdings has raised A$7.75 million through a strongly supported equity placement to accelerate drilling and exploration at its key Drake and Thomson projects in New South Wales.

Empire Energy Group has launched a $28 million equity raise to fund critical development activities at its Beetaloo Basin shale gas project, aiming for first gas sales in 2025. The capital will support fracture stimulation, flow testing, and installation of the Carpentaria Gas Plant.

Empire Energy has successfully raised $28 million through a placement and launched a $3 million Share Purchase Plan to fund critical development of its Carpentaria-5H well in the Beetaloo Sub-basin.

Recce Pharmaceuticals has successfully raised A$8.4 million through an entitlement offer and placement to fund pivotal Phase 3 clinical trials, advancing its synthetic anti-infective pipeline towards commercialisation in 2026.

Midas Minerals has announced a transformative acquisition of the Otavi Copper-Gold-Silver Project in Namibia, unlocking significant exploration potential with plans to commence drilling later this year.

Aspen Group has successfully raised $70.18 million through an institutional placement, aiming to reduce debt and pursue new growth opportunities. A Security Purchase Plan is also underway for eligible investors.