Deals

Eden Energy today announced plans to raise a further $15 million to support the commercial roll-out of its innovative concrete additive product, having tapped investors for $10.3 million in May this year.

Shares in HotCopper Holdings got off to a bright start today after the investor chat forum listed on the ASX, with the stock closing up at 26.5 cents.

Today's news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation's The Sunday Times newspaper should come as no surprise – consumers have been losing interest in both for some time.

Seven West Media can push ahead with its acquisition of News Corp's The Sunday Times and perthnow.com.au after the competition watchdog declared it won't hurt competition for consumers or advertisers.

Rio Tinto has signed a five-year maintenance services and support agreement for its locomotive network in the Pilbara with global company GE.

Mineral exploration companies Explaurum and Black Rock Mining have completed capital raisings totalling $10.5 million to advance their gold and graphite projects respectively.

Perth entrepreneur Mark Lapins is aiming to defy waning investor interest in tech startups, announcing plans for a backdoor listing that values his ‘internet of things' firm, Quantify Technology, at $22 million.

JB Hi-Fi has struck a deal to buy whitegoods retailer The Good Guys for $870 million.

Six years after buying into Bibra Lake-based InterGrain, agricultural biotech company Monsanto has decided to sell its 26 per cent stake in the government-backed grain breeding company.

Davenport Resources has launched a $5 million capital raising to support its plans to acquire a potash project majority owned by West Perth-based Potash West and list on the ASX.

Local explorer Energia Minerals has tapped investors for $6.1 million to fund ongoing work at its Gorno zinc project in Italy.

Education provider Navitas has entered into a joint venture agreement with Edith Cowan University for its pathway college, PIBT.

Sir Ron Brierley-chaired Mercantile Investment Company appears to have been successful in its $21 million bid for Perth-domiciled, Singapore-based shipping business Richfield International.

Michael Fotios's Eastern Goldfields has made its second strategic investment this week, announcing today a $6 million deal to earn-in to Windward Resources and Mark Creasy's nickel and gold portfolio in the Fraser Range.

Volunteer groups Community Mates and Big Help Mob are the third NFP pair in WA to amalgamate within the past month.

Gold miner Troy Resources has launched a $40.7 million capital raising to shore up its balance sheet and fund further development of its Karouni mine in Guyana.

Drilling services company Imdex has tapped investors for $40 million, with plans to raise a further $5 million as it seeks to shore up its balance sheet.

Energy giant Woodside Petroleum has entered into an agreement to buy half of BHP Billiton's stake in the Scarborough offshore gas fields in the Carnarvon Basin for up to $US400 million ($A528 million).

Elemental Minerals has finalised a $US50 million ($A66.4 million) equity injection with three investment groups to fund development of its Kola Sylvinite potash project in the Republic of Congo.

Local businesswoman Sharon Warburton has resigned from the board of live cattle exporter Wellard, which has missed its prospectus forecasts on revenue, profit and margins to book a $23.3 million net loss.

Venture capitalist Anthony Grist has raised almost $10 million joining fellow board member and his private investment partner James Spenceley in selling down stakes in Vocus Communications to focus on the next generation of investments.

Local gold and lithium explorer Berkut Minerals has enjoyed steady gains on its first day of trading on the ASX after completing a $3.5 million initial public offering.

Two Perth-based not for profits have teamed up to combine cancer support services, with SolarisCare and Cancer Support WA announcing their plans to merge.

Recently-listed technology company Peppermint Innovation will supply its remittance system to a bank based in the Philippines under a new partnership deal.

Evolution Mining will pay Glencore $880 million in a deal to take an interest in the Ernest Henry copper and gold mine in Queensland.

Woolworths has announced its exit from the home improvement sector, with all of its Masters stores to close in early December and the properties to be redeveloped by a private consortium, while its Home Timber & Hardware business is to be sold to Metcash.

Perth-based Sheffield Resources has tapped investors for a $17.1 million capital raising to fund completion of a bankable feasibility study on its $271 million Thunderbird mineral sands project near Derby.

Ventnor Resources has sold its stake in the Thaduna/Green Dragon copper project to joint venture partner Sandfire Resources.

Local aquaculture firm Seafarms Group has announced its second capital raising in the past two months, this time tapping investors for $11 million to fund ongoing work at its $1.45 billion Sea Dragon prawn project.

Blackham Resources has completed a $25 million capital raising ahead of achieving first production at its Matilda gold project near Wiluna.

Automotive Holdings Group has announced plans to raise up to $110 million from investors and purchase two car yards on the east coast, on the same day it revealed an increase in full-year profit.

Local explorer Geopacific Resources has kicked off a $15 million capital raising to fund the earn-in and development of the Woodlark gold project in Papua New Guinea.