Coal

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Coal FE Resources Ltd issues fully paid ordinary shares

Thursday, 29 Jan 2015 10:06pm EST

Coal FE Resources Ltd:Issues 64,000,000 fully paid ordinary shares at $0.005 per share.

Perpetual Resources Limited issues shares

Wednesday, 28 Jan 2015 11:47pm EST

Perpetual Resources Limited:Announces that it has agreed to issue 5,000,000 fully paid ordinary shares at A$0.05 per share ($250,000 in aggregate) to various parties.Says the purpose of the placement is to raise funds to continue with the exploration programme at the Wiagdon Thrust joint venture project and also for working capital for Perpetual.

Wavenet International Limited announces issue of share

Friday, 16 Jan 2015 12:00am EST

Wavenet International Limited:Says that it will undertake a 1 for 1 entitlement issue to all eligibles shareholders on the record date of Jan. 27, 2015 of 55,477,660 share at an issue price of $0.01 per share.

Goldsource Mines Inc completes final tranche of private placement to raise $7 mln total

Wednesday, 31 Dec 2014 08:00am EST

Goldsource Mines Inc:Completion of the second and final tranche of the private placement announced in its news release on Dec. 9.Company issued in the second tranche 2,685,000 units at a price of $0.15 per unit for gross proceeds of $402,750.Each unit consisted of one common share of Goldsource and one-half of warrant.Shares and warrants issued under second tranche and shares issuable upon exercise of these warrants are subject to hold period that expires on May 1, 2015.Gross proceeds from both tranches total $7,070,725 through sale of 47,138,166 units.Proceeds from placement will be used to fund all development and capital costs for Phase I mine and processing plant construction for the Company's Eagle Mountain Gold Project.

Altitude Resources Inc announces non-brokered private placement financing

Tuesday, 30 Dec 2014 12:11pm EST

Altitude Resources Inc:Completes an offering of 1,261,111 common shares in capital of the Company to be issued on a flow-through basis at a price of $0.18 per Flow-Through Share by way of a non-brokered private placement for total gross proceeds $226,999.99.Company expects to use the net proceeds from the Offering for ground exploration on the Company's Palisades Coal Project.Proceeds received by the Company from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration Expenses which will be renounced in favour of subscribers.Flow-Through Shares are subject to a statutory hold period of four months and a day from the closing date of the Offering.Closing of the Offering and the issuance of the Flow-Through Shares are subject to approval of the TSX Venture Exchange.

Rey Resources Limited to raise up to $4 million via private placement

Tuesday, 23 Dec 2014 07:00pm EST

Rey Resources Limited:Says that it has executed subscription agreements with private investors to raise $4 million by way of a placement of up to 50 million fully paid ordinary shares at an issue price of $0.08 per share.

Ikwezi Mining Ltd announces renounceable rights issue

Monday, 22 Dec 2014 01:00am EST

Ikwezi Mining Ltd:Announces capital raising by way of renounceable rights issue at issue price of $0.006 to eligible shareholders on basis of two new fully paid shares for every one share held.Under offer maximum of 667,500,000 ordinary shares will be issued to raise up to $4.065 million (before expenses).Entitlement issue will be fully underwritten by Azure Projects Ltd.Net proceeds of offer will be used to provide additional working capital for the company together with funding to establish initial box cut and related infrastructure to allow it to commence mining of ROM coal.

Morien Resources Corp closes private placement

Friday, 19 Dec 2014 09:00am EST

Morien Resources Corp:Closed a private placement with Atlantic Royalty LLC, a subsidiary of The Cline Group LLC, for 3.45 million common shares in the company at C$0.30 per share for gross proceeds of C$1,035,000.The common shares issued pursuant to the private placement are subject to a four-month hold period.Morien, and its insiders, are at arm's length with Atlantic, and there is no finder's fee payable in connection with the private placement.

Coal of Africa Ltd completion of share placement

Friday, 19 Dec 2014 05:00am EST

Coal of Africa Ltd:Announced the successful completion of Stage 2 of the share placement, announced on Aug. 26 , and the receipt of funds.Says the Stage 2 Placement resulted in the issue of 300 mln additional ordinary shares at 0.055 Pounds per share each, raising 16.5 mln Pounds ($25.9 mln).Says the third stage will see the placement of a further 144 mln shares at 0.055 Pounds on or around April 29, 2015.

Coal of Africa Ltd updates on capital raising

Wednesday, 17 Dec 2014 02:01am EST

Coal of Africa Ltd:Says further to the announcements made earlier, in relation to a capital raising of up to 695 mln shares at an issue price of 0.055 Pounds to be implemented in a two-stage process.Says it has agreed with all of the participants in the capital raising to split the second stage.Says the second stage of the capital raising will now comprise 300 mln ordinary shares at the same issue price of 0.055 Pounds per share (raising an aggregate amount of 16.50 mln Pounds in this stage).Says it is expected that the 300 mln Stage 2 shares will be issued on Dec. 18 and admitted to trading on the ASX, AIM and the JSE on or around Dec. 23.

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