Deals

Film and TV streaming service Quickflix has raised $775,000 from investors as it strives to compete with new competitors like Netflix.

Mining junior RNI says a number of recent cost-cutting measures included staff redundancies and salary cuts across the board, as the company announced a $26.5 million recapitalisation plan to pay off debt.

Uranium miner Vimy Resources has received a $30 million financing package from a mining-focused private equity fund, to advance ongoing development of its flagship Mulga Rock project near Kalgoorlie.

West Perth-based Liquefied Natural Gas Ltd has tapped investors for a $174 million capital raising to fund ongoing development of its two North American LNG projects.

Kerry Stokes' Seven Group Holdings has increased its stakes in energy companies Drillsearch Energy and Beach Energy.

Blackham Resources has negotiated a $38.5 million funding package from a mining-focused investment firm to complete a feasibility and bring its Matilda gold project into production.

HBF has announced it will formally merge with its subsidiary HealthGuard, in an effort to save costs and boost efficiency.

Aziana has received firm commitments from its two largest shareholders for a $4 million capital raising it is undertaking as part of its reverse takeover of US-based biotech firm BrainChip.

A local consumer services technology company currently in the middle of a backdoor listing has welcomed former iiNet chief executive Michael Malone to its board as a director.

A wearable technology company founded by Perth entrepreneur Justin Miller and an Israeli medical cannabis company are the latest businesses planning to join the rush of backdoor listings on the ASX, though the news is not all positive with Voyager Global Group becoming the seventh company forced to cancel an announced deal in the past 18 months.

Education services provider Navitas has acquired a majority 51 per cent stake in the University of Canberra College for $4.9 million.

Atlas Iron plans to resume production at its two closed iron ore mines after striking an innovative profit sharing deal with its contractors, but it is also seeking to complete a big capital raising to ensure its longer-term viability.

Amcom Telecommunications has postponed its scheme of arrangement after Vocus Communications sold its stake in the company to counter rival TPG Telecom’s efforts to derail a proposed merger.

Technology company Activistic will begin trading on the ASX today after being acquired by West Perth biotech firm Acuvax in a backdoor listing.

Base metals miner Independence Group has emerged as the buyer of a small stake in Gold Road Resources, after a Canadian company sold down its holding.

South Korean steel giant Posco has sold its 15.2 per cent stake in Sandfire Resources for $129 million.

A recapitalised Stanfield Funds Management is set to resume trading on the ASX today, with a new focus on Asian technology companies and a strong Western Australian connection.

Oil and gas explorer WHL Energy has secured a $US4 million ($A5 million) funding commitment from New York-based Magna Equities to continue prospecting its African tenements.

Toll Holdings' shareholders have overwhelmingly backed a Japanese takeover of the Australian logistics company.

Andrew Forrest’s private vehicle, Minderoo Group, has subscribed for a majority of A1 Consolidated Gold’s recently announced $2.5 million convertible loan placement.

Local biotech firm Sun Biomedical has announced plans to buy Melbourne-based Dimerix Bioscience in exchange for a share package worth about $8.3 million.

Private New Zealand company Todd Corporation has launched a takeover bid for Pilbara infrastructure developer Rutila Resources, following news yesterday that it has struck a deal to buy an associated iron ore mine from Flinders Mines.

TPG Telecom has lifted its stake in Amcom Telecommunications to 19.9 per cent, making it harder for Amcom to win approval at next week's shareholder meeting for its planned merger with Vocus Communications.

Biopharmaceutical company Bone Medical has announced plans for a reverse takeover and backdoor listing of a geospatial data intelligence company founded by Perth entrepreneur Amir Farhand.

PERTH-LINKED fitness products group Running Unlimited has gone to the public for the first time to fund the next phase of its development, using the UK crowdfunding service Seedrs to raise at least

Mungana Goldmines has told its shareholders to reject a 13.5 cents a share takeover offer from Auctus Chillagoe, an entity led by former Karara Mining boss Steve Murdoch, saying it undervalues the company and its assets.

Narhex Life Sciences has launched a $4 million capital raising to support development of a phone app that can diagnose illness by analysing the sound of a cough.

The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.

Triton Minerals has tapped investors to raise $12 million for ongoing work at its Mozambique graphite project.

The owners of South Perth company Desktop Mapping Systems, led by managing director David Baxter, have agreed to sell the business to ASX-listed Technology One for $12 million in cash.

Jonathan Price has announced his resignation as managing director of Phoenix Gold, in a board shake-up that bumped Dale Rogers up to executive chairman.

Boutique Subiaco-based technology company Velpic has signed a $5.2 million deal to finance international growth plans, as part of a reverse takeover by east coast-based International Coal.