Deals

Asia-focused social entertainment platform migme has announced a partnership with Universal Music Indonesia; following migme’s August backdoor listing to the ASX in a reverse takeover of Latin Gold.

The competition watchdog has cleared the way for an Asian consortium to buy Australia's biggest foodmaker, Goodman Fielder.

Junior miner Jameson Resources says it has received firm commitments for a $2 million capital raising to fund work at its flagship Crown Mountain coking coal project in British Columbia.

St George Mining has completed a capital raising of $1.75 million to sophisticated investors.

The Singapore bidder for Australand will wrap up its takeover of the property developer by snapping up the remaining batch of securities it does not already own - a deal that thrusts the combined entity's Western Australian operations into the top 10 land developers.

WA Insolvency Solutions has announced a merger with national insolvency accounting practice Jirsch Sutherland, with the six WA offices continuing to trade under their existing name.

Chinese private investor Australia Kengkong Investments Co could own a 45 per cent stake in Perth-based VDM Group and secure a seat on its board, as part of a $10 million convertible loan agreement announced today.

Rubber recycler and manufacturer Reclaim Industries says it will raise $2 million to provide funding for its proposed $3.8 million takeover of cloud-based recruitment business Skills Connect and has placed a formal share sale agreement to the company.

Electric and motor scooter manufacturer and distributor Vmoto says it will purchase Nanjing Haiyong Electronic Technology for an undisclosed amount, overwriting an earlier proposal to enter into a joint venture arrangement with the China-based tech firm in October last year.

Perth explorer Buru Energy has received a $20 million backing by Gordon Martin’s Coogee Chemicals in its $40 million capital raising to fully fund its 2015 work portfolio.

Radar Iron and Victory Mining have struck a deal to raise a total $5.5 million to fund the $2.9 million debt repayment for the acquisition of Radar’s Yerecoin project.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.

Private equity players are at the heart of a second major Perth-based food franchise deal within 12 months, with Malaysian private equity firm Navis Capital Partners reacquiring a majority stake in Dome Coffees at a price estimated to be at least $50 million.

Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty’s investment vehicle, has accepted BC Iron’s $256 million takeover bid for IOH.

Two Perth-based minerals explorers announced today that their placements had received commitments from investors, worth a combined $3.6 million in total.

Cardinal Resources has completed its bid for $900,000 of capital from sophisticated and professional investors, with additional rights issue shares yet to become available to eligible shareholders.

Wesfarmers-owned Coles has received approval from the Australian Competition and Consumer Commission for its proposed acquisition of three Metcash-owned Progressive Supa IGA supermarkets, but is yet to make a decision on the fourth.

Shares in iron ore and steel maker Arrium have dived more than 38 per cent in response to its $754 million capital raising.

Neon Energy chairman Alan Stein has warned the company’s shareholders against taking any action towards a takeover bid it received earlier in the month.

King River Copper has announced it would seek to raise $900,000 for further exploration of its Kimberley tenements, with phase two of its drilling expected to recommence next week.

Black Fire Minerals has entered into a sale agreement for its Pilot Mountain tungsten project in the US state of Nevada to South Australian-based Thor Mining for about $1.67 million.

Azumah Resources has secured $1.2 million in funding for its Wa gold project in Ghana through a placement to existing shareholder, Caitlyn Limited.

BCP Energy International has successfully reached its revised target of 50.1 per cent relevant interest in its takeover of Nido Petroleum, and has made the offer unconditional.

Shareholders of Africa-focused Papillon Resources voted almost unanimously in favour of a $615 million takeover by Canadian-based B2Gold at a scheme meeting held this morning.

A joint venture between Viento Group and indigenous-owned Kimberley Pipelines has been awarded a $9.8 million pipeline construction works contract for the first stage of Fortescue Metals Group’s North Star magnetite project in the Pilbara..

Iron ore miner and steelmaker Arrium is seeking to raise at least $754 million through the issue of new shares, to reduce debt amid falling prices for iron ore.

Subiaco-based explorer Aspire Mining has announced a $2.2 million placement to sophisticated investors for drilling at its Nuurstei coal project in northern Mongolia.

Manas Resources has announced plans to raise $850,000 to fund pre-development work at its Shambesai gold project in the Kyrgyz Republic.

Perth-based national IT services provider Empired has expansion in its sights, after completing a $10.5 million capital raising on the back of strong year-end profit results.

BC Iron is one step closer to completing its $256 million takeover bid for the Kerry Stokes-backed Iron Ore Holdings, after major shareholder Australian Capital Equity yesterday accepted the offer.

Perth-based contractor OTOC has secured $10 million in funding to pursue its national expansion, through a 20-cent placement of 50 million shares.

Freight operator Aurizon has received exclusive rights to develop the rail and port infrastructure for a major Pilbara iron ore project in which it is a partner.