Russia’s Federal Subsoil Resources Management Agency (Rosnedra) is organizing a round table meeting with senior managers of mining companies and investors to discuss priority issues facing the Russian mining industry. The meeting will be held in Moscow alongside the 9th MINEX Russia Mining and Exploration Forum on October 2.
With equity finance for the mineral exploration sector being extraordinarily tight On-Market Bookbuilds has developed a new capital raising tool in partnership with the Australian Securities Exchange, called ASX BookBuild. The facility should improve the transparency of most kinds of capital raisings, including placements and IPOs.
LionGold Corp, Singapore’s first Main Board-listed gold company, has proposed boosting its cash holding with a private placement of shares and warrants. Assuming full take-up of placement shares and warrants, gross proceeds would total Sin$202 million. Three investors, Platinum Partner’s PPLO fund, Carnegie Hall Group and Spring Road Advisors, will equally take up the placement. The subscribers were introduced by New York-based investment bank, Jett Capital Advisors.
LionGold has signed an MoU with CBMI Construction Co, a wholly-owned subsidiary of China’s State-owned SINOMA Group Corporation Ltd and a leading integrated engineering contractor for projects around the world. The MOU is the first step for LionGold to appoint CBMI as its primary contractor for the Group’s gold mining projects globally.