Business News

Assorted minor corporate finance deals not covered in the previous week's articles.

The son of Navitas founder Rod Jones has been appointed the company's chief executive while former Wesfarmers executive Colin Pavolich has been appointed chief financial officer.

NTM Gold is set to raise up to $3.9 million, while Encounter Resources has raised $1.4 million, as the two juniors seek to advance their exploration projects.

The Queensland government, mining industry and unions will hold urgent crisis talks after six deaths in the state's resources sector this year.

Frontier Resources has appointed Alec Pismiris as non-executive director, following the resignation of Fenix Dong from the board.

Fortescue Metals Group says it expects to award over $500 million of Eliwana project contracts by the end of year, as construction officially started on the $1.8 billion project today.

The state government is calling for food, beverage and retail businesses to submit proposals to operate three commercial spaces in the new museum.

Peter Spitalny has resigned from the board of Ardiden.

Business News 40under40 winner Lauren Elliott has announced the launch of Galactic Baby, a new production company based in Western Australia.

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Highway Construction has won a $15.8 million contract for dual-carriage highway construction and intersection improvement works at Kalgoorlie.

Shares in Pura Vida Energy surged more than 80 per cent higher today, to 3.1 cents, after it secured a binding farm-in agreement with UK-based Gemini Resources to earn a 35 per cent interest in two onshore oil and gas projects in Poland.

International medical services company B.Braun has secured a $44.2 million state government contract for the supply of volumetric infusion pumps and administration sets to Western Australian public healthcare units.

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Main Roads WA has awarded Laing O'Rourke and BG&E a $134 million construction contract for the Armadale Road to North Lake Road bridge project.

West Perth-based Chalice Gold Mines has entered into a binding share purchase and royalty agreement to sell its gold assets in Quebec, Canada.

Iris Residential has selected Multiplex to construct its Amara City Gardens retail living project in Booragoon.

David Mimran and Farouk Chaouni have resigned as non-executive directors of Avenira.

Kalium Lakes is a step closer to a final investment decision on its Beyondie sulphate of potash project, after it received a credit-approved offer from German KfW IPEX-Bank for around $102 million.

Rachel Ward has been announced as film prize jury chair for 2019's CinefestOZ, to take place from August 28 to September 1.

The Australian Securities and Investments Commission has banned Western Australian company director Richard Philip Lambe from providing financial services for three years, the latest ban from its investigation into Veronica Macpherson's Macro Group.

Lonely Planet has placed Margaret River ahead of Singapore, Fiji and Cambodia as its top destination in the Asia-Pacific region in 2019.

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Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.

Zenith Energy has closed its share purchase plan with applications totalling $220,000 of the total $5 million that was offered.

The state government has fined BGC Residential and nominated supervisor Thomas Edmund Starkey $22,000 and $10,000 for breaching building registration laws after roof defects were found in two Perth homes.

Rodney Leonard and Bob Osmetti, founding directors of Lycopodium, will retire from their executive roles at the end of June and join the board as non-executive directors.

Crown Resorts' Barry Felstead and ABN Group's Andrew Roberts are among the top five fundraisers this year for Vinnie's CEO Sleepout, raising more than $130,000 each to help break the cycle of homelessness.

Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.

Newly minted opposition leader Liza Harvey has revealed her shadow cabinet, with former leader Mike Nahan appointed as shadow minister for planning and Asian engagement.

Kalium Lakes has awarded Shell Energy the gas supply contract, and APA Group the gas transport contract, for its Beyondie sulphate of potash project.

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