Junior roundup: Aguia, Baja Mining, Alset, Cabral

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Monday, October 17, 2016

The shares of Australia's Aguia Resources will resume trading on Wednesday on the Australian Securities Exchange following a trading halt request pending the release of a capital raising announcement, a securities filing said.

Aguia has phosphate and potash properties in Brazil.

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Vancouver's Baja Mining completed on Monday a previously announced share consolidation on the basis of one post-consolidation share for every 20 pre-consolidation shares. As a result of the consolidation, the company will now have about 17mn common shares outstanding.

The company also completed a name change, to Camrova Resources. It will begin trading on the TSX-Venture Exchange under the CAV symbol, a company statement said.

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Mexico-focused Alset Energy received exchange approval for the first tranche of a previously announced re-priced private placement for gross proceeds of Cdn$207,940 (US$158,372), which will be used at its lithium properties in Mexico and Canada, the Thunder Bay, Ontario-based company said in a press release.

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The shares of Australia's Cabral Resources – a company focused on iron ore projects in Bahia state, Brazil – will resume trading on Wednesday on the Australian Securities Exchange pending the release of a significant acquisition, a filing said.