Advantage Lithium plans to raise C$12m ($9.12m) by issuing 15.59 million common shares priced at $0.77 a share as part of a private placement.
The issued shares will have a four-month holding period and are likely to be subscribed to by the corporation’s insiders, including Orocobre, in order to maintain their existing ownership interest.
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The company has engaged Jett Capital Advisors as its agent for the private placement and will pay 6% on a portion of the proceeds in cash as commission.
Canada-based Advantage Lithium is engaged in the exploration and development of lithium deposits.
Inner Mongolia Xingye Mining has reached an agreement to acquire assets from the Turpan Xueyin Metal Mining Industry Company for approximately CYN1.5bn ($224.09m).
The proposed assets include the exploration rights to the Caidong copper-bearing pyrite in Toksun County and Tulu Pancheng Tongchang copper-gold mine, along with mining rights to the Caihuagou copper mine and various other assets related to mine exploration and mining operations.
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By GlobalDataThe company has engaged Great Wall Securities as its independent financial advisor and the Beijing golddu Law Firm as its legal service agent for the transaction.
China-based Inner Mongolia Xingye Group is engaged in the exploitation of non-ferrous, black and rare metals, and non-metal resources, as well as several other diversified businesses.
Skyharbour Resources plans to raise gross proceeds of up to C$1.47m ($1.12m) in a non-brokered private placement of up to two million units, priced at C$0.40 ($0.3) a unit, along with up to 1.5 million flow-through (FT) units priced at C$0.45 ($0.34) a unit.
Each unit will comprise one common share and one warrant, which entitles the holder to acquire an additional common share at C$0.60 ($0.45) a share within two years of the issue date.
Each FT unit comprises one flow-through common share and one half of one warrant, which allows the holder to purchase an additional common share for C$0.60 ($0.45) within two years from the issue date.
Canada-based Skyharbour Resources is engaged in the exploration of uranium and thorium.
Bacanora Lithium plans to raise $100m via a placement of new ordinary shares.
The company has engaged WH Ireland Limited, Ashanti Capital and Steubing AG as placement agents for the transaction.
Bacanora Lithium is a Canadian company that is mainly engaged in lithium exploration and development.
ALX Uranium has signed an agreement with DG Resource Management to acquire 100% interest in the Tango property.
The Tango property is spread over 13,709ha (33,876 acres) and comprises eight claims containing nickel, copper and cobalt mineralisation.
ALX has agreed to make an initial payment of $20,000 upon the signing of the purchase agreement, as well as $20,000 upon the closure of the transaction.
DG Resource is set to earn a 2% net smelter returns royalty under the agreement.
However, ALX will be permitted to buy back one-half of the royalty, equivalent to 1% returns, for $2m at any time within five years from the transaction closure.
ALX Uranium is engaged in uranium and mineral exploration, while DG Resource is focused on the identification and acquisition of early stage and grassroot mineral projects.
Both companies involved in the deal are based in Canada.
