Recent Transactions
Recent Transactions FY 19, FY 20, FY 21
Dark Horse Resources Limited (ASX: DHR)
July 2020
Lead Manager: Pinnacle Equities
Capital raising: $800k
Comments: Fund the acquisition of a Finnish & Swedish based gold exploration projects and commence exploration on the Tampere Gold Project. As well as completing potential farm in arrangements on their Argentine Gold projects. Dark Horse has a low capitalisation considering it owns 30% of ASX listed Lakes Oil (ASX LKO) as well as a number of prospective exploration leases.
AMD Resources
December 2019
Lead Manager Pre IPO-Commitment: Pinnacle Equities
Capital raising: $2M
Comments: AMD is an Australian and PNG based gold and minerals exploration company. AMD has a 50% ownership of the near-term production exploration projects in Far North Queensland “Hadleigh Castle”. JORC resources of 219k oz Au. AMD also owns 2 highly prospective gold and magnetite projects in PNG (combined JORC resource of over 400k oz Au). The company is intending to list in 2020 and is currently raising $4.5m in a pre IPO round.
MRG Metals Ltd (ASX: MRQ)
August 2019
Lead Manager: Pinnacle Equities
Capital raising: $850,000
Comments: Fund further air-core drilling at the company’s 387km2 Corridor Central & South Heavy Minerals sands exploration leases in Mozambique
MRG Metals Ltd (ASX: MRQ)
December 2019
Lead Manager: Pinnacle Equities
Capital raising: $1.25M
Comments: Fund 5,000m of Air core drilling at the company’s 387km2 Corridor Central & South Heavy Minerals sands exploration leases in Mozambique. . Deliver a maiden JORC resource at Koko Massava after discovering significant HMS deposits from the company’s first 8 holes of an 82-hole drilling program.
Centaurus Metals Ltd (ASX: CTM)
March 2019
Lead Manager: Pinnacle Equities
Capital raising: $2.2M
Comments: Fund the update of the 2013 Feasibility study on the Jambeiro Iron Ore project Northern Brazil, a fully permitted 3MTpa from Ore reserve of 48.5MT average grade 28.1% Fe. 2013 Feasibility study calculates an Average Av Operating ash flow of $19.4Mpa over 18-year mine life.
Pantheon Resources PLC (AIM: PANR)
December 2018
Lead Manager - Australia: Pinnacle Equities
Capital raising: US$20.9M
Comments: Fund the acquisition of Canadian based Great Bear Petroleum which adds to the company’s existing portfolio of oil production or near-term oil production assets in North America. Company is now capitalised at over GBP100M