Junior resources stocks Southern Cross Exploration, Bounty Oil & Gas and West Wits Mining were among the companies to feature in equity capital raisings on Thursday.
■ Southern Cross Exploration issued 12 million shares at 5¢ to raise $600,000, which included two placements of 6 million shares each. The company said 6 million shares were issued to pay for its interest in Batangas Gold Project, while the remaining shares were issued to repay an outstanding loan application.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
