Technology Metals Australia Ltd attracts new cornerstone investor in Resource Capital Funds as part of $20 million placement proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Small cap mining duo launch raisings
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Listed resources outfits Lucapa Diamond Company and Mayur Resources both landed in front of small cap mining fund managers on Thursday morning seeking fresh funds.
There were a couple of mining companies seeking cash injections on Thursday.Â
Louise Kennerley
Diamond producer Lucapa had Ashanti Capital in its corner â with co-manager help from Foster Stockbroking â for a $17 million two tranche placement to buy another diamond project.
Shares in the offer were being sold to fund at 0.5¢ each, which represented a 9.1 per cent discount to the companyâs last close and a 19.5 per cent discount to its 30-day VWAP, according to terms sent to funds.
Metal Tiger-backed Cobre Ltd readies raising afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.