No profit guidance changes posted yesterday but there were a series of strong capital raises indicating further market rebound with several over-subscriptions.
MAJOR CAPITAL RAISINGS & DEALS
ORICA LIMITED (ORI)
Market Cap: $9.99B | Price: +0.82% | Volume: 2.1x high
Raise Type: US Private Placement (debt)
Amount Raised: USD $390M (completed)
Key Terms: Fixed rate unsecured notes, extends debt maturity to 5.8 years
Use of Funds: Repay USD $150M maturing notes, balance for bank facilities
Key Quote: "Overwhelming support from debt investors demonstrates strong endorsement of strategic growth initiatives"
Standout Metric: Oversubscribed 10x (USD $4B order book vs USD $390M issue)
AURUM RESOURCES (AUE)
Market Cap: $113M | Price: +4.3% | Volume: 1.76x above avg
Raise Type: Strategic Placement
Amount Raised: A$35.6M (completed)
Issue Price: A$0.356 per share
Deal Structure: A$23.89M cash + 2.9M Montage Gold shares
Key Participants: Lundin Family (9.9%), Zhaojin Capital (8.5%), Montage Gold (9.9%)
Use of Funds: Accelerate drilling at Boundiali (1.6Moz) and Napié (0.87Moz) gold projects
SAUNDERS INTERNATIONAL (SND)
Market Cap: $96.7M | Price: -7.1% | Volume: 1.2x above avg
Deal Type: Acquisition
Deal Value: Up to $30.0M for 100% of Aqua Metro
Funding: $5M placement + $10M debt facility + existing cash
Target Profile: Water infrastructure services, $411M order book, $1.4B+ pipeline
Strategic Rationale: Expansion into water sector, enhances national footprint
HAZER GROUP (HZR)
Market Cap: $81M | Price: -1.54% | Volume: 3.25x high
SPP Result: Oversubscribed - raised $2.6M vs $2.0M target
Issue Price: $0.31 per share
Combined Raise: $10.7M total (including $8.1M placement)
IKE GLOBAL
Market Cap: $158M | Price: +4.81% | Volume: Normal
SPP Target: A$2.0M at A$0.81 per share
Context: Follows fully underwritten A$18M placement
Use: New product development, sales acceleration, acquisitions
CHARIOT CORPORATION (CC9)
Market Cap: $9.6M | Price: -13.24% | Volume: 2.96x high
Raise: A$1.6M placement at A$0.05 per share
Structure: 32M shares + free attaching options
Purpose: Acquire 66.7% Nigerian lithium portfolio
X2M CONNECT (X2M)
Market Cap: $6.09M | Price: Flat | Volume: 0.08x low
Combined Raise: A$4.9M total (A$2.6M placement + A$2.3M entitlement)
Terms: 2-for-5 entitlement at $0.013 (28% discount)
Lead Manager: Cygnet Capital
Strategy: Debt reduction and growth funding
SMALLER RAISES & EXTENSIONS
PRESCIENT THERAPEUTICS (PTX) - Extended SPP to July 22, targeting $7M at 16.7% discount ORION MINERALS (ORN) - A$4M SPP following A$5.8M placement/conversions
RIEDEL RESOURCES (RIE) - Oversubscribed $0.4M SPP closing early RBR GROUP (RBR) - $650K SPP at $0.001 per share INVION (IVX) - $1M entitlement offer with only 29% take-up MACARTHUR MINERALS (MIO) - A$2M rights issue with updated timetable.
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