Perth company Quantify Technology Holdings has received firm commitments for a $5 million capital raising that will support increased development of the company’s technology.
Gascoyne Resources has raised $21 million through a heavily oversubscribed share placement to fund further exploration and development at two of its Western Australian gold projects.
Fastbrick Robotics has raised $35 million through a share placement as the Perth-based technology company continues to develop its commercial prototype Hadrian X bricklaying robots.
Company director and business adviser David Humann, whose roles included chairing nickel miner Mincor Resources and contractor Macmahon Holdings and being a member of the global board of accounting firm Price Waterhouse (now PwC), has passed away after a short illness.
Shares in junior mining explorers Draig Resources and St George Mining have nearly doubled today after both companies announced positive drilling results.
A new feature on the Business News web site that tracks the changing wealth of Western Australia’s company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.
Men are earning $26,000 more per year than their female counterparts despite increased efforts from employers to address pay gaps and gender imbalances, according to the latest report by the Workplace Gender Equality Agency.
Venturex Resources will raise $4 million through a share placement with funds to be used to advance the company’s Sulphur Springs copper-zinc project, 150km south east of Port Hedland.
Quintis has revealed that a group of shareholders is taking legal action against the embattled sandalwood producer in relation to a supply contract with pharmaceuticals company Galderma.
Southern Cross Electrical Engineering will raise $32 million through a share placement to provide working capital as the company’s order book continues to expand.
Perth-based travel company Holiday Planet has been sold to UK firm Image Cruising, which is majority owned by international travel giant Emirates Group.
Myanmar Metals has announced a $7 million capital raising that will allow the company to extend the option over its Bawdwin project until May next year and fund ongoing expenses.
Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.
Royal Dutch Shell has sold its entire shareholding in Woodside Petroleum for $3.5 billion, after strong demand from institutional investors prompted the energy giant to upsize its previously announced sell-down.
Shares in Subiaco-based Lustrum Minerals are due to start trading tomorrow after the company completed a $5 million initial public offering to allow the company to fund development of its coal projects in Queensland.
Fastbrick Robotics has announced it will build a second of its commercial prototype Hadrian X bricklaying robots in an effort to improve testing procedures.
Fortescue Metals Group has terminated its agreement with TransAlta Corporation to purchase power from the recently completed South Headland power station after the miner raised performance concerns in August.
Mustang Resources managing director Christiaan Jordaan has resigned two weeks after an auction for its rubies in Mauritius brought disappointing results.
