Capital raisings: Investors upped the ante in June, resources took top spot

In June, ASX-listed companies of all sizes continued to raise capital but the small-cap sector was particularly busy.

Stocks with market capitalisations of under $100m at the time of the deal raised $274m in the last month.

This is triple March’s tally of $72.2m as COVID-19 struck most small caps, with the exception of gold explorers. It is also a spike from May’s total of $177m.

Of the June total, $162.8m came from the resources sector, after two months of health stocks raising more than their mining cousins.

Here’s a list of all ASX small and micro cap raisings completed in June (by date of securities listing on the ASX):

Swipe or scroll to reveal the full table. Click headings to sort.

Effective Date	Code	Name	Offer Size ($M)	Offer Type	Offer Price	Last Price	Offer To Date	Industry Sector	Market Cap at Offer (M)
06/01/2020	A4N	Alpha HPA Ltd	7.0	Placement	0.145	0.17	17	Resources	99
06/18/2020	ARU	Arafura Resources Ltd	7.0	Placement	0.062	0.057	-10	Resources	72
06/29/2020	DXB	Dimerix Ltd	5.8	Placement	0.36	0.36	-3	Health	71
06/04/2020	TTM	Titan Minerals Ltd	12.0	Placement	0.065	0.077	17	Mining	65
06/24/2020	DCG	Decmil Group Ltd	1.9	Placement	0.05	0.0575	10	Industrial	64
06/05/2020	NVX	Novonix Ltd	5.7	Placement	0.29	0.875	203	Industrial	62
06/23/2020	HTG	Harvest Technology Group Ltd	10.0	Placement	0.135	0.17	33	Technology	59
06/18/2020	HZR	Hazer Group Ltd	8.4	Placement	0.42	0.355	-14	Resources	57
06/04/2020	AIS	Aeris Resources Ltd	32.7	Rights Issue	0.03	0.033	10	Resources	51
06/29/2020	THC	THC Global Group Ltd	6.6	Placement	0.3	0.27	-8	Consumer, Non-cyclical	50
06/29/2020	BFC	Beston Global Food Co Ltd	10.0	Placement	0.085	0.084	-2	Consumer, Non-cyclical	50
06/09/2020	MNS	Magnis Energy Technologies Ltd	0.8	Placement	0.075	0.079	1	Industrial	49
06/26/2020	PNW	Pacific Star Network Ltd	2.0	Placement	0.225	0.28	24	Communications	48
06/29/2020	RTR	Rumble Resources Ltd	5.4	Placement	0.093	0.145	34	Resources	47
06/15/2020	KME	Kip McGrath Education Centres	5.9	Placement	0.9	1.01	1	Consumer, Non-cyclical	47
06/15/2020	AIS	Aeris Resources Ltd	7.3	Placement	0.03	0.033	10	Resources	46
06/26/2020	STN	Saturn Metals Ltd	1.9	Placement	0.5	0.73	44	Resources	44
06/03/2020	RXL	Rox Resources Ltd/Australia	8.7	Placement	0.024	0.083	246	Resources	44
06/19/2020	MDC	Medlab Clinical Ltd	5.4	Placement	0.15	0.15	0	Health	40
06/02/2020	CXO	Core Lithium Ltd	5.5	Placement	0.0425	0.046	8	Resources	39
06/15/2020	PDI	Predictive Discovery Ltd	6.9	Placement	0.05	0.089	78	Resources	39
06/02/2020	KSN	Kingston Resources Ltd	6.5	Placement	0.16	0.1675	3	Resources	35
06/10/2020	CIW	Clime Investment Management Lt	4.5	Placement	0.46	0.5	11	Financial	30
06/24/2020	RDH	RedHill Education Ltd	4.6	Placement	0.6	0.62	-5	Consumer, Non-cyclical	28
06/17/2020	VMY	Vimy Resources Ltd	5.5	Placement	0.036	0.033	-8	Resources	28
06/22/2020	VAN	Vango Mining Ltd	4.4	Placement	0.08	0.099	23	Resources	26
06/03/2020	BUD	Buddy Technologies Ltd	2.0	Placement	0.01	0.013	20	Technology	26
06/01/2020	KYK	Kyckr Ltd	4.7	Placement	0.08	0.076	-6	Technology	23
06/03/2020	NSX	NSX Ltd	3.0	Placement	0.091	0.091	10	Financial	23
06/16/2020	RDH	RedHill Education Ltd	7.4	Rights Issue	0.6	0.62	-5	Consumer, Non-cyclical	23
06/12/2020	TSO	Tesoro Resources Ltd	2.7	Rights Issue	0.06	0.072	22	Resources	23
06/04/2020	NUH	Nuheara Ltd	1.5	Placement	0.017	0.013	-24	Consumer, Cyclical	23
06/22/2020	TSO	Tesoro Resources Ltd	3.3	Placement	0.06	0.072	22	Resources	23
06/03/2020	BGT	Bio-Gene Technology Ltd	2.2	Placement	0.155	0.135	-16	Resources	23
06/19/2020	WBT	Weebit Nano Ltd	2.2	Placement	0.28	0.265	-4	Technology	23
06/23/2020	PXX	Polarx Ltd	3.8	Placement	0.038	0.035	-5	Resources	20
06/15/2020	TMT	Technology Metals Australia Lt	2.1	Placement	0.15	0.175	13	Energy	18
06/12/2020	OSP	Osprey Medical Inc	2.6	Placement	0.012	0.01	-17	Health	18
06/23/2020	AJQ	Armour Energy Ltd	2.6	Placement	0.023	0.019	-17	Energy	18
06/24/2020	REE	Rarex Ltd	2.1	Placement	0.05	0.095	68	Resources	18
06/29/2020	EHX	EHR Resources Ltd	3.5	Placement	0.096	0.096	-1	Resources	18
06/17/2020	PG1	Pearl Global Ltd	1.7	Placement	0.07	0.078	17	Resources	18
06/17/2020	VXR	Venturex Resources Ltd	1.9	Placement	0.055	0.053	-5	Resources	17
06/03/2020	CPH	Creso Pharma Ltd	2.0	Placement	0.06	0.032	-45	Health	16
06/10/2020	BLG	BluGlass Ltd	1.1	Placement	0.02	0.028	35	Industrial	14
06/04/2020	E2M	E2 Metals Ltd	2.8	Placement	0.125	0.165	24	Resources	14
06/15/2020	AJQ	Armour Energy Ltd	4.5	Rights Issue	0.023	0.019	-17	Energy	14
06/30/2020	BEE	Broo Ltd	0.2	Placement	0.015	0.019	26	Consumer, Non-cyclical	13
06/15/2020	WOA	Wide Open Agriculture Ltd	3.0	Placement	0.27	0.405	41	Consumer, Non-cyclical	13
06/15/2020	HMD	HeraMED Ltd	2.3	Placement	0.09	0.084	-8	Health	12
06/11/2020	AOU	Auroch Minerals Ltd	2.0	Placement	0.055	0.05	-9	Resources	10
06/03/2020	OAU	Ora Gold Ltd	1.0	Placement	0.014	0.016	21	Resources	10
06/05/2020	LCL	Los Cerros Ltd	2.1	Placement	0.04	0.044	8	Resources	10
06/26/2020	CM8	Crowd Media Holdings Ltd	1.6	Placement	0.025	0.0245	-4	Technology	10
06/05/2020	SRK	Strike Resources Ltd/Australia	1.8	Placement	0.045	0.044	11	Resources	9
06/29/2020	GMR	Golden Rim Resources Ltd	1.0	Placement	0.0061	0.011	64	Resources	9
06/01/2020	ARD	Argent Minerals Ltd	1.2	Placement	0.012	0.026	100	Resources	9
06/23/2020	BNL	Blue Star Helium Ltd	1.0	Placement	0.01	0.013	20	Energy	8
06/09/2020	BSM	Bass Metals Ltd	1.0	Placement	0.0025	0.003	20	Resources	8
06/18/2020	CZL	Consolidated Zinc Ltd	0.6	Placement	0.003	0.003	0	Resources	7
06/12/2020	XTC	Xantippe Resources Ltd	1.3	Placement	0.0018	0.002	67	Resources	7
06/24/2020	AMD	Arrow Minerals Ltd	1.4	Placement	0.006	0.007	17	Resources	7
06/01/2020	WRM	White Rock Minerals Ltd	1.4	Placement	0.003	0.012	200	Resources	7
06/19/2020	BYH	Bryah Resources Ltd	1.0	Placement	0.05	0.049	-2	Resources	6
06/24/2020	DAU	Dampier Gold Ltd	0.7	Placement	0.022	0.027	32	Resources	6
06/22/2020	IP1	Integrated Payment Technologie	1.2	Placement	0.015	0.015	0	Technology	6
06/01/2020	GSM	Golden State Mining Ltd	1.1	Placement	0.125	0.545	316	Resources	6
06/04/2020	MKG	Mako Gold Ltd	0.6	Placement	0.05	0.11	66	Resources	6
06/22/2020	DHR	Dark Horse Resources Ltd	0.7	Placement	0.0015	0.0025	33	Resources	4
06/02/2020	ENE	Enevis Ltd	1.5	Rights Issue	0.045	0.035	-18	Industrial	4
06/02/2020	RMX	Red Mountain Mining Ltd	0.2	Placement	0.004	0.006	25	Resources	4
06/04/2020	CML	Chase Mining Corp Ltd	0.6	Placement	0.0125	0.029	180	Resources	3
06/26/2020	OPL	Opyl Ltd	0.7	Placement	0.1	0.087	-13	Technology	3
06/30/2020	IPB	IPB Petroleum Ltd	0.5	Placement	0.015	0.016	7	Energy	3

Stocks in the $100-500m market cap basket have been keeping bankers busy too, raising $421.8m which was also an increase from May’s total of $311m.

Effective Date	Code	Name	Offer Size ($M)	Offer Type	Offer Price	Last Price	Offer To Date	Industry Sector	Market Cap at Offer ($M)
06/18/2020	AQZ	Alliance Aviation Services Ltd	91.9	Placement	2.95	3.09	2	Consumer, Cyclical	468
06/11/2020	LEG	Legend Mining Ltd	20.0	Placement	0.14	0.145	-4	Resources	353
06/22/2020	AQR	APN Convenience Retail REIT	50.0	Placement	3.2	3.43	7	Financial	351
06/11/2020	OPY	Openpay Group Ltd	33.8	Placement	2.4	2.1	-11	Technology	259
06/10/2020	M7T	Mach7 Technologies Ltd	31.1	Rights Issue	0.68	0.98	42	Health	219
06/22/2020	BET	Betmakers Technology Group Ltd	35.0	Placement	0.37	0.43	11	Technology	210
06/29/2020	ABR	American Pacific Borates Ltd	31.8	Placement	0.6	0.505	-15	Resources	183
06/04/2020	VVA	Viva Leisure Ltd	22.1	Rights Issue	2.2	2.59	13	Consumer, Cyclical	178
06/26/2020	AIS	Aeris Resources Ltd	4.6	Placement	0.03	0.033	10	Resources	178
06/02/2020	PAN	Panoramic Resources Ltd	28.7	Placement	0.07	0.081	17	Resources	162
06/16/2020	VVA	Viva Leisure Ltd	2.9	Placement	2.2	2.59	13	Consumer, Cyclical	154
06/18/2020	M7T	Mach7 Technologies Ltd	3.7	Placement	0.68	0.98	42	Health	149
06/05/2020	APZ	Aspen Group Ltd/Australia	17.0	Placement	1	1.035	4	Financial	113
06/01/2020	KLL	Kalium Lakes Ltd	19.0	Placement	0.15	0.145	0	Energy	108
06/16/2020	5GN	5G Networks Ltd/Australia	18.2	Placement	1.23	1.16	-9	Communications	107
06/03/2020	SVL	Silver Mines Ltd	12.0	Placement	0.1	0.105	0	Resources	101

Finally, the $500m+ stocks took June’s total to $3.8bn.

The biggest deals were shopping mall owner Vicinity Centres (ASX:VCX), which raised $1.2bn, and toll road operator Atlas Alteria (ASX:ALX) with a $420m raising.

The biggest small-cap deals

Of the stocks with a market cap of less than $100m, the biggest deals were done by Aeris Resources (ASX:AIS) and Titan Minerals (ASX:TTM), which raised $32.7m and $12m respectively.

Junior copper producer Aeris revealed at the start of June it was buying Queensland’s Cracow gold mine from Evolution Mining (ASX:EVN).

Titan, meanwhile, is focused on Ecuador which has become a newly resurgent destination for mining companies in recent years. Titan hopes to use proceeds to advance exploration on its two projects.

Harvest Technology (ASX:HTG) and Beston Global Foods (ASX:BFC) followed immediately behind having raised $10m each. Beston received a further cash boost via the sale of its Mt Gambier dairy farm for $40m.

The notable deals done among the $100-500m market cap stocks included a $92m placement by charter flight operator Alliance Aviation (ASX:AQZ), one of aviation’s few winners during COVID-19 due to footballers and FIFO workers needing charter flights.

Other notable deals were done by buy now, pay later stock Openpay (ASX:OPY), medical imaging play Mach7 (ASX:M7T) and betting-tech operator Betmakers (ASX:BET).