Deals

Metals X has agreed to acquire a 25 per cent stake in Tanami Gold’s Central Tanami gold project in the Northern Territory for $11 million in cash and 4 million shares.

West Perth-based Golden Rim Resources will sell its Balogo gold project to Turkish company MNG Group for up to $12.8 million, with the full payment dependent on the mine going into commercial production.

As counter-intuitive as it may seem, listed automotive and aerospace equipment developer Orbital Corporation has made the first major move in its diversification strategy by buying a mine site safety product spun-out of a resources-focused electrical and engineering contractor.

Perth-headquartered Bristow Helicopters Australia has acquired an 85 per cent interest in Darwin-based Airnorth for $30.3 million.

New York-based resource investment company Sigur Minerals has taken a $1.9 million placement in Walkabout Resources, representing 19.9 per cent of the Perth-based junior exploration firm’s stock.

Perth-based safety equipment developer Mobilarm has completed a $2 million convertible note issue, as it cranks up a new strategy focused on rental rather than sale of its man-overboard safety beacons.

West Perth-based Regal Resources has entered into a $6.3 million share placement agreement with a UK-based investor to fund a bankable feasibility study for its 30 per cent owned Kalongwe copper project in Africa.

Social media company migme has cancelled plans to undertake a share placement, after being battered by volatile markets and selling by long-term shareholders who had acquired the stock when it was a mining business.

Two of Australia's largest property groups, Novion and Federation Centres, which together own 16 shopping centres in WA, say they will merge to create an $11 billion company.

Shares in Perth-based oil and gas explorer Titan Energy have surged on news it has signed a $US50 million funding deal with an undisclosed US-based investor to pursue drilling programs at its Allen Dome oil project in Texas.

Black Range Minerals shares closed on a high today on news it had received a takeover proposal from Canadian-based Western Uranium Corporation for all of the company’s shares.

The Water Corporation has announced plans to sell its in-house engineering and construction services team, which has 152 permanent employees.

Tumbling commodity prices have stymied an $872 million takeover bid for engineering group Bradken, stripping more than 30 per cent from its shares.

Subiaco-based explorer Triton Minerals has secured a funding facility of up to $20 million over two years with Lone Star Investments, to assist in the development of its Nicanda Hill graphite and vanadium deposit in Mozambique.

Perth-based Doray Minerals has confirmed solid growth in gold production and disclosed lower costs in the December quarter, as it moves toward completing its takeover of Mutiny Gold.

Galvin Engineering is hoping a recent acquisition will provide a welcome boost to business.

Medicinal marijuana company Phytotech Medical has made a stellar stock market debut, with its shares doubling in value.

Australia's biggest workforce provider, Skilled Group, has rejected a takeover offer from rival Programmed Maintenance Services, saying it undervalues the company.

One of Western Australia’s last local credit unions, Unicredit, is moving to merge with Sydney-based Teachers Mutual Bank this year, joining a long-term trend towards scale in the lending industry.

QBE Insurance Group has entered into an agreement for the sale of its US agency businesses to California-based Alliant Insurance Services for $US300 million ($A367 million).

A surge in the number of backdoor listings was one of the few positives on the stock market in 2014, and two new deals for technology companies show there is more to come.

We've analysed 450 WA takeovers and capital raisings worth $18 billion to rank the top advisers, brokers and lawyers.

Programmed Maintenance Services has formed a new partnership with Perth-grown international human services company Advanced Personnel Management.

The wave of backdoor listings on the ASX in the past year suffered a setback this week, with two deals being cancelled and a third business going into administration.

Mineral sands miner Base Resources has admitted defeat in its attempt to take over World Titanium Resources.

West Perth-based explorer South Boulder Mines has tapped a private investor for nearly $2.1 million, through a placement of 10 million shares.

Lithex Resources has scrapped its planned purchase of internet marketing business Mpire Media, which was the second business Perth entrepreneur Zhenya Tsvetnenko was seeking to list on the stock market.

Gold miner Doray Minerals has declared its off-market takeover of Mutiny Gold unconditional, after increasing its stake to 75.3 per cent.

Liberty Resources is set to proceed with its move into the IT sector, through the acquisition of Cirrus Networks, after taking the extraordinary step of having a board spill to hasten the removal of two directors.

The consumer watchdog is probing Woodside Petroleum's $US2.75 billion purchase of oil and gas assets from US energy company Apache, over concerns the deal could affect the supply of wholesale gas in the Western Australian market and lead to higher gas prices.

West Perth-based junior miner African Energy Resources has farmed out a 51 per cent stake in its Sese coal and power project in Botswana to a Vancouver-based firm for $8 million.

Perth-based gold producer Norton Gold Fields says it has received a $32.7 million takeover proposal from its majority shareholder Zijin Mining Group.