Australia
Emmerson Resources raising up to $4.5 million accelerate NSW gold exploration
Emmerson Resources Ltd (ASX:ERM) has secured commitments to raise up to $3.5 million in an oversubscribed placement to institutional and sophisticated investors with a Share Purchase Plan (SPP) also planned to raise up to a further $1 million.
Proceeds from the capital raising will be used to accelerate exploration of the company's gold and copper-gold prospects in NSW as well as to support its emerging gold royalty business.
New US-based investor[hhmc]
Consistent with the companys objective of diversifying its shareholder base, Canada's new resource-focused merchant bank Palisades Goldcorp Ltd has subscribed for $2 million of the placement to become a new strategic investor providing visibility to the important North American market.
Under the placement, Emmerson will issue about 35 million fully paid ordinary shares at an issue price of 10 cents each.
“Strong position” to advance projects[hhmc]
Managing director Rob Bills said: “This new funding places Emmerson in a str..

Emmerson Resources Ltd (ASX:ERM) has secured commitments to raise up to $3.5 million in an oversubscribed placement to institutional and sophisticated investors with a Share Purchase Plan (SPP) also planned to raise up to a further $1 million.
Proceeds from the capital raising will be used to accelerate exploration of the company's gold and copper-gold prospects in NSW as well as to support its emerging gold royalty business.
New US-based investor
Consistent with the companys objective of diversifying its shareholder base, Canada's new resource-focused merchant bank Palisades Goldcorp Ltd has subscribed for $2 million of the placement to become a new strategic investor providing visibility to the important North American market.
Under the placement, Emmerson will issue about 35 million fully paid ordinary shares at an issue price of 10 cents each.
“Strong position” to advance projects
Managing director Rob Bills said: “This new funding places Emmerson in a strong position to advance our NSW projects to the next phase while momentum builds in our emerging gold royalty business at Tennant Creek.
“We welcome Palisades Goldcorp and other new investors to the register and thank existing shareholders for their continued support.
“The strongly supported placement reflects investor appetite for Emmersons strategy and high-quality gold and copper-gold portfolio.”
For each share issued to participants under the placement, investors will also be issued one attaching unlisted option with an exercise price of 16 cents each, exercisable on or before July 8.
Share Purchase Plan
Additionally, a share purchase plan (SPP) will be undertaken through which existing holders of Emmerson fully paid ordinary shares will have the opportunity to acquire new shares and options under the same terms as the placement to raise up to a further $1 million.
The placement and SPP price are at a 4.8% discount to the last Read More – Source
Australia
Saudi women in Sydney: Sisters’ bodies lay undiscovered for a month

Australian police are baffled after the bodies of two Saudi women, believed to have lain undiscovered for a month, were found in a Sydney apartment.
Sisters Asra Abdullah Alsehli, 24, and Amaal Abdullah Alsehli, 23, were found dead on 7 June in separate beds at home in the suburb of Canterbury.
Police, who were called to the property for a welfare check, said the women are believed to have died in early May.
But despite “extensive inquiries”, they still do not know how or why.
The sisters moved to Australia from Saudi Arabia in 2017 and may have sought asylum, The Sydney Morning Herald reported. Police refused to confirm this, saying they do not comment on residential status.
A human rights organisation said it should be established whether the women fled Saudi Arabia because of domestic violence or harsh laws governing women. However, there is no evidence this is the case.
Police said they had been in contact with the women’s family, which is assisting them with inquiries.
Lina al-Hathloul, head of monitoring and communications at Saudi human rights organisation ALQST, said it “would not be the first case” of Saudi women who were killed abroad after fleeing domestic violence.
“There are no protections for women who are victims of domestic violence in Saudi Arabia, so they flee abroad,” she told the BBC.
She added: “I’m not saying that is the case here, just that we need a thorough investigation. It is frustrating not to have any information.”
According to the Sydney Morning Herald, there had been signs that something was wrong.
Last year, the women told their building manager they thought someone was tampering with their food deliveries, the paper reported.
A plumber who visited the apartment also said he believed there was “something mysterious” going on, and that police had been called in the past over concerns for the women.
New South Wales Police issued a renewed plea to the public on Wednesday, saying “any piece of information” could be the key to solving this case.
The local community is close-knit, police said in a statement, asking anyone who may have known or seen the women to come forward.
A report from Australian current affairs programme Four Corners in 2019 found 80 Saudi women had tried to seek asylum in Australia in recent years. Many of them were fleeing male guardianship laws.
Read from: https://www.bbc.com/news/world-australia-62331116
Australia
Australia election: Why is Australia’s parliament so white?

Australia
Scott Morrison effectively ditches his promise to establish a federal anti-corruption commission

Scott Morrison has effectively abandoned his promise to establish a federal anti-corruption watchdog, confirming he would only proceed with legislation in the new parliament if Labor agreed to pass the Coalition’s heavily criticised proposal without amendments.
Morrison pledged before the 2019 election to legislate a federal integrity body in the parliamentary term that has just ended. The prime minister broke that promise, failing to introduce his own proposal before the 46th parliament was prorogued.
On the hustings on Wednesday, Morrison was asked – given his previous undertaking to create the body – whether he would promise to put his proposal to a vote in the next parliament in the event the Coalition won the 21 May election.
Morrison declined to make that promise. “Our position on this hasn’t changed,” the prime minister said. “Our view has been the same – when the Labor party is prepared to support that legislation in that form, then we will proceed with it.”
The prime minister has attempted to inoculate himself from criticism about breaking an election promise by saying he tabled the integrity commission proposal in the parliament.
Tabling an exposure draft, which is what the prime minister did, is not the same as introducing finished legislation to the House of Representatives or the Senate that is then debated and voted on.
As well as repeatedly fudging what happened in parliament, Morrison has also created the impression the proposal can only proceed if Labor agrees to its passage without amendments.
All governments routinely introduce legislation for debate without any undertaking that it will be passed by the opposition. Labor favours a stronger model than the Coalition’s proposal.
Morrison’s lack of urgency on the issue created tensions within government ranks. Late last year, the Tasmanian Liberal MP Bridget Archer crossed the floor to support independent MP Helen Haines’ bill to establish a federal integrity commission. Archer accused the government of “inertia” over the issue.
At that time, Archer said she was “perplexed” at her own government’s failure to release a revised bill almost three years after it was promised before the last election.
While Morrison clearly wants to move on from the issue, he will face renewed pressure from crossbench independents if the coming election is close enough to deliver a hung parliament.
A number of independents running against Liberals in metropolitan seats have made it clear that establishing a credible national integrity commission will be a key demand in the event any new government – Liberal or Labor – is seeking agreements for confidence and supply.
Haines blasted Morrison’s comments on Wednesday. “Mr Morrison broke an election promise to introduce an anti-corruption commission and his pathway to creating one is still as vague as it was in the last parliament,” she said.
The crossbench independent said it was “nonsense” for the prime minister to claim that he could not proceed unless Labor agreed with the Coalition’s proposal without seeking any amendments. “It would appear we are in the same void as we were before,” Haines said.
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