Deals

Perth-based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $10.4 million to fund ongoing work at their respective projects

Medical technology company ResApp Health has tapped investors for a $12.5 million capital raising to help push its technology into the US market.

The developer of a gun safety device has become the fifth Israeli company in the technology or medical cannabis sectors to pursue a listing on the ASX through either an IPO or a reverse takeover of a moribund WA mining company.

The state government has shortlisted six companies in the latest phase of its GovNext project to outsource its information and communications technology.

The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.

ICT company Zetta Group has acquired Sydney-based cloud infrastructure services provider Conexim for an undisclosed sum.

Innovative concrete manufacturer Eden Energy has received a $US25 million ($A32 million) incentive package to progress construction of a production facility in the US state of Georgia.

A medical research company linked to Curtin University is seeking an ASX listing through the reverse takeover of Minquest in a deal worth nearly $5 million.

Specialist materials technology company Alexium International Group has raised $6 million from investors to fund ongoing development of its flame retardant products.

Japanese miner Sumitomo Metal Mining Oceania has met its funding commitment conditions to acquire a further 20 per cent stake in Gold Road Resources’ South Yamarna joint venture project.

Local financial services provider Pioneer Credit has raised nearly $6 million from investors as it seeks to further grow its business.

SPECIAL REPORT: The number of hostile takeover bids confronting Australian companies may be relatively low, but disruption from sources such as activist groups and shareholder class actions is a growing challenge for directors.

SPECIAL REPORT: Tox Free Solutions has completed nearly 20 takeovers on its way to becoming a national player in the waste management sector.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market. 

Local explorer Gascoyne Resources has tapped investors for a $15 million capital raising to fund ongoing work at two of its gold projects in Western Australia.

A $1.6 billion deal between Telstra and the company building the national broadband network has prompted concern within the competition regulator.

The board of local seafoods business Mareterram intends to accept a $19.7 million proportional takeover offer from the company’s largest shareholder.

Pilbara Minerals has announced the biggest capital raising by a Western Australian company for 2016, which it will use to fund development of its Pilgangoora lithium project, while also announcing it will put its new Tabba Tabba plant on ice.

Perth-based Victory Mines has announced plans to exit resources through the acquisition of an Israeli-incorporated technology company for about $2.7 million.

Global waste management group Suez has paid $87 million for local company Perthwaste, which has experienced rapid growth in recent years with backing from WA business leader Harold Clough.

Property developer Diploma Group expects to reap $42 million from the sale of its Quest apartment hotel on Adelaide Terrace, after finalising a deal that was announced in February.

MACA is seeking an entry into the east coast civil works market by acquiring a large stake in a privately owned road asset management and maintenance services provider.

Global engineering company Wood Group has expanded its presence in Australia through the acquisition of Perth-based SVT Engineering Consultants.

Perth-founded stock investing platform Simply Wall St is branching out into the US with the acquisition of Capp.io for an undisclosed sum.

Sandalwood producer TFS Corporation has confirmed a $65 million capital raising to buy-out plantations owned by managed investment schemes.

The competition regulator has flagged a fresh review of the $9.05 billion takeover of rail and ports giant Asciano and is examining whether the new cross-ownership deal will lead to any common financial interest among the suitors.

Programmed Maintenance Services has sold another non-core business that it took control of through the Skilled Group acquisition last year.

Metals X has acquired Kidman Resources’ Gunga gold project near Kalgoorlie in a deal worth up to $2.5 million.

Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million.

Western Areas and Panoramic Resources have announced plans to raise a combined $80.7 million from investors to continue work at their respective nickel operations in Western Australia.

The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings. Click through to see the multiple WA businesses owned by members of the Kailis family in WA. 

The chairman of Frankland River Olive Company looks set to wholly acquire and privatise the business, after Paul Letari increased his shareholding to over 90 per cent.