Shares in Blackham Resources have plummeted after it announced it had received commitments for $3.15 million at 11.5 cents per share to fund exploration and development studies at its Matilda gold project.
Shares in Kimberley Diamonds closed 25 per cent higher today after the company announced it had entered into a subscription agreement to raise $4.37 million from a Chinese institutional investor.
Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara’s Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.
White Star Resources has gained backing from Perth businessmen Rod Jones and Brent Stewart, who plan to invest in a $4 million capital raising to support the acquisition of Spookfish and Geospatial Investments.
Liberty Resources has announced its intention to exit the mining industry by entering into an option agreement to acquire local IT firm Cirrus Networks for an undisclosed amount.
Gold miner Doray Minerals is hoping for a market re-rating after announcing a scrip takeover of Mutiny Gold today, but its goal of becoming a two-mine mid-tier producer failed to impress the market.
Jolimont-based gold explorer RMG says it will buy its joint venture partner Chile Metals Consulting’s 25 per cent interest in the Tuina copper project in South America for a share package worth $2.4 million.
New Zealand-based Todd Corporation has more than doubled its interest in aspiring Pilbara iron ore miner Rutila Resources to 46 per cent, by electing to convert a $5 million loan into ordinary shares.
Perth engineering firm Clough is targeting small-scale liquefied natural gas (LNG) projects as a new growth area, after signing a ‘teaming’ agreement with global company GE Oil & Gas.
Antares Energy has sold its Southern Star project to US-based Breitburn Energy Partners for a $152 million cash and share package, after spending the past 14 months attempting to offload its Permian Basin asset.
Information technology provider Amcom Telecommunications' share price has risen sharply after telco group Vocus Communications said it had acquired a 10 per cent stake and proposed a merger of the two companies.
Subiaco-based metals explorer TNG has secured $5 million through a placement to fund the definitive feasibility study on its Mount Peake vanadium-titanium-iron project in the Northern Territory.
Neptune Marine Services has won a 12-month contract extension from engineering firm Monadelphous Group for marine facilities inspection and maintenance work for an undisclosed amount.
Buru Energy has received a quarter of its maximum allowable $12 million in subscription applications for its share purchase plan following a recent $28 million placement.
Cape Lambert Resources says it will provide $US20 million through a financing agreement to Timis Mining Corporation to help fund its acquisition of the collapsed London Mining’s Marampa mine assets.
Silver Lake Resources has entered into a binding heads of agreement with a private consortium for the sale of its Lakewood Mill near Kalgoorlie for $5.5 million.
Kin Mining has negotiated a revised deal to acquire the Leonora gold project, after previous backer Geolord Resources said it planned to terminate its support for a capital raising.
West Perth-based oil and gas explorer Target Energy has tapped its major shareholder Wyllie Group for $3 million through a convertible note issue, and is undertaking an entitlement offer to raise up to $2.9 million.
Subiaco-based explorer Anova Metals says it has received commitments for a $1.69 million capital raising to fund drilling and permitting programs at its Big Springs project in Nevada.
ASX-listed IT firm Empired has bought Wellington-based Intergen for $17.4 million in cash and shares to build the biggest trans-Tasman Microsoft services provider.
Two major national contractors are embroiled in takeovers, with Tenix Holdings on the receiving end of a $300 million bid by Downer EDI, and Transfield Services revealling it has received a $1 billion takeover bid from a Spanish building giant.
Perth-based online education services provider iCollege has entered into a binding heads of agreement to fully acquire Dynamic Learning Services for $4 million.
Shares in Perth-based gold explorer Talisman Mining have surged more than 70 per cent after the company announced it had entered into a binding agreement for Swiss-based Glencore’s Sinclair nickel project in the Goldfields for $10 million.
Former copper and gold explorer Quintessential Resources has moved another step towards its scrip takeover of technology incubation company Yonder and Beyond with the appointment of Y&B chief executive Shashi Fernando as a non-executive director.
The number of backdoor listings or reverse takeovers in Western Australia is likely to rise after a change in ASX policy has simplified the process for emerging companies to access capital via existing entities.
Automotive Holdings Group has walked away from a potential sale of its Covs Parts business to Burson Group, which hoped to use the 25 stores as an entry into the WA market.
