Orosur Mining has agreed to raise C$4m ($3.14m) through a private placement of more than 16 million new common shares priced at C$0.241 ($0.189) a share.

The issued securities are subject to a four-month holding period according to the Canadian securities laws.

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The company has engaged Cantor Fitzgerald Europe and Numis Securities as its financial advisers for the transaction.

"Argo Gold will offer 500,000 common shares to Rubicon, which will also receive a 2% net smelter return (NSR) on production from the claims."

Orosur Mining is a Chile-based company engaged in gold production and exploration.

Australia-based civil construction and mining services provider NRW Holdings has raised A$25m ($19.73m) through an issue of 36.8 million shares priced at A$0.68 ($0.54) a share in a private placement.

The company has engaged UBS, Australia Branch and Euroz Securities as joint lead managers and book-runners for the issue. Longreach Capital is the financial adviser to NRW for the transaction.

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Argo Gold has signed an agreement with Rubicon Minerals to acquire a 100% interest in three mineral claims adjacent to its Woco gold project in Earngey Township, Canada.

As part of the transaction, Argo Gold will offer 500,000 common shares to Rubicon, which will also receive a 2% net smelter return (NSR) on production from the claims.