Latest Equity Capital Raising News

Rincon Resources Limited has announced a non-renounceable entitlement offer to issue options aimed at raising approximately $97,520, fully underwritten by Golden Triangle Capital Pty Ltd. The offer may lead to a 25% dilution if all options are exercised.

Bio-Gene Technology Limited has announced an offer of over 95 million Placement Options to investors and its Lead Manager, contingent on shareholder approval at an upcoming extraordinary general meeting. If exercised, these options could inject approximately $3.8 million into the company.

Peninsula Energy has locked in a $15 million debt facility from Davidson Kempner to advance commissioning at its Lance uranium project and support an upcoming equity raise. The funding aims to sustain momentum towards production resumption and ASX relisting.

Sarama Resources has successfully closed the first tranche of a A$2.7 million equity placement to fund exploration at its Cosmo Gold Project and support ongoing arbitration efforts. The second tranche, involving options and director participation, awaits shareholder approval.

ARC Funds Limited has completed a $750,000 equity raise through a placement and director share subscription, supporting its recent acquisitions and growth strategy.

Xstate Resources has launched a $2-3 million capital raising with a priority offer to existing shareholders, coinciding with a shareholder meeting to approve a key acquisition.

Sarama Resources has raised A$2.7 million through a well-supported equity placement to fund a maiden drilling campaign in Western Australia's Laverton Gold District and advance its arbitration claim against Burkina Faso.

Kelly Partners Group Holdings has completed its first capital raising since its 2017 IPO, issuing shares at a premium to its Operating Partners and reinforcing their stake in the business.

Xero Limited has agreed to acquire Melio Limited, a leading US SMB bill pay platform, for US$2.5 billion, marking a significant leap in its US growth strategy. The deal is backed by a substantial A$1.85 billion equity raise and aims to accelerate revenue and market presence by FY28.

S2 Resources Ltd invites eligible shareholders to participate in a Share Purchase Plan offering new shares at $0.072 each, accompanied by free options exercisable until mid-2027. The plan aims to raise up to $0.5 million, subject to scale back if oversubscribed.

Butn Limited has raised $20 million through a $10 million equity placement and a $10 million credit facility, positioning the fintech for expanded growth in SME funding.

Zenith Minerals has launched a fully underwritten $3.5 million entitlement offer to fund drilling at its key gold projects in Western Australia and Queensland, aiming to expand mineral resources and advance exploration.