MA Financial Group’s Post

Western Australian gold explorer Black Cat Syndicate has asked investors to tip in $7 million via a share placement to fund further exploration at its Paulsens project in the Pilbara. The capital raise comes just seven months after the ASX-listed company went to investors for $15 million. Shaw and Partners, as Joint Bookrunner and Joint Lead Manager, was rounding up investors at 22.5¢ per share, a 15.1 per cent discount to the last traded price and a 26.4 per cent discount to the 10-day VWAP. Proceeds of the raise will be used for ongoing exploration activities at Paulsens, study optimisation, debt negotiation and general working capital. Black Cat tapped equity markets to help pay for a $44.5 million acquisition of two gold projects, Coyote and Paulsens, from bigger player Northern Star last year. Its flagship project is Kal East in Western Australia’s Kalgoorlie region.   Article source: AFR, 28 August 2023 https://lnkd.in/giMy9vEd

March 2024 Quarterly Report & Appendix 5B Highlights ▶ Due diligence site visit to Fiji and Horn Island projects with Gage Capital ▶ Mr Michele Alessandro Bina, an advisor to Gage Capital, joined the board ▶ Gage subscribed for a further 450m ordinary shares at $0.008 to raise a further ~$3.64m (placement subject to approval by shareholders) ▶ If approved, transaction will see Gage move to 51% holding in Alice Queen ▶ Immediate exploration focus is primarily gold focused in Fiji at Sabeto and Viani Read the full quarterly report: https://lnkd.in/gfbVYdFB #AQX #gold #exploration

WA gold explorer Black Cat Syndicate Limited has asked investors to tip in $7 million via a share placement to fund further exploration at its Paulsens project in the Pilbara. The capital raise comes just seven months after the ASX-listed company went to investors for $15 million. Shaw and Partners, as Joint Bookrunner and Joint Lead Manager, was rounding up investors at 22.5¢ per share, a 15.1 per cent discount to the last traded price and a 26.4 per cent discount to the 10-day VWAP. Proceeds of the raise will be used for ongoing exploration activities at Paulsens, study optimisation, debt negotiation and general working capital. Black Cat tapped equity markets to help pay for a $44.5 million acquisition of two gold projects, Coyote and Paulsens, from bigger player Northern Star last year. Its flagship project is Kal East in Western Australia’s Kalgoorlie region.   Read full article here: https://lnkd.in/gQHueE3C

I just completed White & Case's US Cross-Border Transactions on Forage. In the simulation I: Completed a contract review simulation for CopperCo, emphasizing the Termination for Convenience clause and identifying risks for a bankability report. Applied critical thinking to assess contract implications on Consortium financing decisions, communicating findings effectively. Participated in a joint venture negotiation for InvestCo with CopperCo, focusing on drag-along and tag-along rights. Took notes and emailed the General Counsel for confirmation. Summarized an IP case

I just completed White & Case's US Cross-Border Transactions on Forage. In the simulation I: Completed a contract review simulation for CopperCo, emphasizing the Termination for Convenience clause and identifying risks for a bankability report. Applied critical thinking to assess contract implications on Consortium financing decisions, communicating findings effectively. Participated in a joint venture negotiation for InvestCo with CopperCo, focusing on drag-along and tag-along rights. Took notes and emailed the General Counsel for confirmation. Summarized an IP case

#StockBox #GSCU StockBox spoke to Sam Garrett, CEO Great Southern Copper where he discussed the strategic acquisition of Artemisa concessions in Chile and upcoming drilling plans. Watch below ⬇ https://lnkd.in/e9yhdDdz ➡ Great Southern Copper has expanded its exploration area in Chile by 1,600 hectares through the acquisition of Artemisa concessions. ➡The company has secured additional prospects, enhancing its control in the region and planning extensive drilling activities. ➡ New concessions promise high-grade #copper and #gold targets, with immediate plans to begin drilling and scout further prospects

🔊 Congratulations to Great Southern Copper (GSC) and their deal-team Druces LLP, PKF Littlejohn and others on producing the #Prospectus for GSC’s placing of Shares and Admission of the Enlarged Share Capital to the Official List and to trading on the London Stock Exchange’s Main Market. Many thanks to Druces LLP and the Company for their trust in Scribestar. Documentation available on GSC’s website: https://lnkd.in/enYmHjgg “Great Southern Copper plc was formed for the purpose of acquiring a company, business or asset that has operations in the exploration and/or industrial sectors that it would then look to develop and expand. The Company focussed primarily on opportunities in the exploration sector within the South American geographic region. On 27 July 2021, the Company entered into the Acquisition Agreement under which the Company acquired the entire issued share capital of Pacific Trends Resources Chile SpA (“PTRC”) from Pacific Trends Resources Pty Limited, the previous majority shareholder of the Company, for AUS$2,090,000, satisfied by the issue of the 121,111,100 new ordinary shares of £0.01 each, the issue of 60,555,550 warrants and a cash payment of AUS$10,450. The principal activity of PTRC is the exploration and development, subject to proven economic discovery, of copper-gold projects in Chile. The primary objective of the Company is to generate value for Shareholders, which the Company will seek initially to achieve through the exploration and evaluation of PTRC’s copper-gold projects and, potentially, through further acquisitions and investments. The Company proposes an exploration and evaluation 2-year work programme for PTRC’s copper-gold projects targeting principally large tonnage, low to medium grade porphyry style Cu-Au deposits. The Company has two main project sites based on its current licence portfolio, San Lorenzo and Especularita, both located in Chile.”

I just completed White & Case's US Cross-Border Transactions on Forage. In the simulation I: Completed a contract review simulation for CopperCo, emphasizing the Termination for Convenience clause and identifying risks for a bankability report. Applied critical thinking to assess contract implications on Consortium financing decisions, communicating findings effectively. Participated in a joint venture negotiation for InvestCo with CopperCo, focusing on drag-along and tag-along rights. Took notes and emailed the General Counsel for confirmation. Summarized an IP case. Thanks White & Case LLP for this opportunity.

I just completed White & Case's US Cross-Border Transactions on Forage. In the simulation I: Completed a contract review simulation for CopperCo, emphasizing the Termination for Convenience clause and identifying risks for a bankability report. Applied critical thinking to assess contract implications on Consortium financing decisions, communicating findings effectively. Participated in a joint venture negotiation for InvestCo with CopperCo, focusing on drag-along and tag-along rights. Took notes and emailed the General Counsel for confirmation. Summarized an IP case

Pantoro Ltd (ASX:PNR) has completed an A$30 million placement of shares to existing and new institutional investors to advance operations and further development at the Norseman #Gold Project in the Eastern Goldfields of Western Australia and facilitate other key financial initiatives. The placement entails the issuance of 500 million new shares at a price of A$0.06 per share, a 14.3% discount to the last closing price on August 4, 2023. Funds raised from the placement, together with existing cash, will be allocated to support working capital for Norseman, in which Pantoro holds a 100% interest following the merger with Tulla Resources Plc (ASX:TUL), cover higher-than-expected merger costs as well as for exploration and offer expenses. More at #Proactive #ProactiveInvestors #ASX #PNR #GoldMining #MiningAustralia http://ow.ly/y8HW104QFiy