Junior corporate roundup: Millennial Lithium, Auryn, Orla
Millennial Lithium raised Cdn$31.8mn (US$24.6mn) in bought deal and private placement financings.
The bought deal offering of 6.9mn units, which raised Cdn$24.1mn, was conducted by a syndicate of underwriters co-led by Canaccord Genuity and Cantor Fitzgerald Canada.
Proceeds will be used for exploration and development of its lithium properties in Argentina, including Pastos Grandes, and for general working capital purposes.
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Auryn Resources announced a bought deal offering to raise gross proceeds of US$6.8mn, with a syndicate of underwriters led by Cantor Fitzgerald Canada.
In addition, Auryn plans a private placement to raise up to US$1.7mn.
Proceeds will be used for exploration at projects in Canada and at the Huilacollo and Sombrero gold projects in Peru, as well as general corporate and working capital purposes.
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Orla Mining named Etienne Morin as CFO, replacing Paul Robertson in the role from April 30. Orla's gold projects include Camino Rojo in Mexico and Cerro Quema in Panama.
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News in: Mining & Metals (Chile)
Junior exploration roundup: Aztec, Orla, Lumina and more
Companies operating in Mexico, Brazil, Ecuador, Colombia, Chile and Suriname provide updates.
Antofagasta Minerals aims to start new phase of growth
The Chilean miner reported solid production figures last year.
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