Australian gold and base metal exploration company Alchemy Resources has announced its intention to raise A$1.15m ($0.87m) through a pro-rata, non-renounceable entitlement offer.
As part of the offer, one new fully-paid ordinary share priced at A$0.015 ($0.011) a share will be issued in exchange of three shares to eligible shareholders.
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The offer is valid until 22 May.
The company also intends to raise A$0.52m ($0.39m) through private placement of 34.618 million shares priced at A$0.15 ($0.11) a share.
iMD Companies subsidiary KRSNA Minerals has announced its plans to acquire a manganese-producing mine in India.
KRSNA Minerals is a mining company based in the US.
Russian aluminium producer RUSAL has announced that it has raised $500m through public offering of international bonds maturing on 3 May 2023.
With an annual coupon rate of 5.3%, the bonds were sold at 100% price value and the interest will be paid semi-annually.
Book-runners for the offer were Citigroup, Credit Suisse Group, Gazprombank, JPMorgan, RBI Group, Renaissance Capital, CJSC Sberbank CIB, Sovcombank ICB, Societe Generale, and VTB Capital.
Metalloinvest MC has completed a public offering of international bonds, due 2024, to raise $800m. The bonds will have initial yield value and coupon rate of 4.85%, for which interest will be paid semi-annually.
Metalloinvest is a Russian company engaged in the production of hot briquetted iron (HBI) and iron ore products.
The company was supported by a group of underwriters led by BMO Capital Markets, Scotiabank and RBC Capital Markets, and Bank of America Merrill Lynch.
