New capital raisings were scant on Monday, as companies including Orpheus Energy, Minerals Deposits and Carpathian Resources updated shareholders on previously announced deals.
■ Carpathian Resources received $125,000 for the issue of 10 million shares at 1.25¢ each from Somap International, a Singapore-based company. Carpathian said it would complete the second tranche of the placement, worth $362,500, this week. A third tranche, worth up to $2,512,500, requires shareholder approval.
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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
