Khot Infrastructure Holdings, a subsidiary of Ashid Munkhliin Zam LLC, has announced a non-brokered private placement of up to 100m units to raise gross proceeds up to C$1m ($0.79m), in order to invest in Mongolian infrastructure business and further expand its strategic business.

The placement, which involves a unit price of C$0.1 ($0.07), is subject to necessary regulatory approvals.

Each unit will consist of one common share, and one-half of a non-transferrable warrant, which will expire after 12 months of the closing date, that will enable the holders to purchase one common share at a price of C$0.2 ($0.15).

"Each unit will consist of one common share, and one-half of a non-transferrable warrant, which will expire after 12 months of the closing date."

US-based heavy civil construction firm Sterling Construction Company, Inc., has announced a public offering of common shares to raise $18m.

The offering includes a total of 4.5 million shares, priced at $4 per share, of which the company’s CEO Paul Varello intends to purchase common stock worth $0.5m at the same price.

The net proceeds are intended to be used for working capital, general corporate purposes, and repaying outstanding revolving loans under its equipment-based credit facility.

D.A. Davidson & Co. are the underwriters for the offering.