Deals

Biotech firm Actinogen has signed an agreement to buy pharmaceutical company Corticrine for about $5.75 million, which focuses on the development of treatments for disease modification and prevention in Alzheimer’s dementia.

Shares in Perth contractor OTOC have surged after it announced it had taken a first step towards creating a national surveying business by acquiring Victorian firm Bosco Jonson for $17 million.

Tiger Resources says it will acquire the remaining 40 per cent shareholding in Société d'Exploitation de Kipoi for $118.6 million, to gain full ownership of its Kipoi copper project.

Oil and gas dealmaker Peter Allchurch has teamed up with fellow Aurora Oil & Gas founder John Kenny, and Houston-based geologist Neville Henry, to list US-focused shale oil hopeful Winchester Energy.

Struggling clothing maker Pacific Brands is selling its workwear business to Wesfarmers Industrial and Safety, after write-downs and weaker profit margins blew its full-year loss out to $224 million.

Exploration firm Energia Minerals has reached an agreement with Euroz Securities to take an $8 million funding package to help fast-track development of its Gorno zinc project near Bergamo in north Italy.

Kibaran Resources-backed 3D Graphtech Industries has entered into an agreement with the Commonwealth Scientific and Industrial Research Organisation to research the effectiveness of graphite and graphene inks in 3D printing.

Opportunities in the huge markets to Australia’s north are driving greater corporatisation of the agriculture sector.

Investment company Katana Capital has raised $7.8 million through the issue of 8.4 million shares to sophisticated and professional investors at an issue price of 93 cents per share.

Shipbuilder Austal has sold one of its ships, a 102 metre trimaran stock vessel, to Condor Ferries for $61.5 million.

Belmont-based event production and management services provider Corporate Theatre Productions has been sold to Presentation Technology for an undisclosed amount.

Copper explorer India Resources has signed a placement agreement with Resource Capital Funds for the issue of up to 200 million shares to raise up to $1.6 million.

A private investor has committed $5 million to the public listing of US-focused oil and gas explorer Winchester Energy.

West Perth explorer Azure Minerals has entered into a joint venture agreement with Kennecott Exploration, part of mining giant Rio Tinto, to explore for copper at its Promontorio project in Mexico.

Gold and mineral explorer Golden Rim Resources has announced a $3 million placement, managed by Sprott Private Wealth, for exploration in Burkina Faso and working capital.

Auminco Mines has signed a memorandum of understanding with Mongolian cement manufacturer Khutul Cement and Lime for the supply of coal from its Berkh Uul coal project.

The Salitage winery in Pemberton has been put on the market for $7.9 million nearly two years after owners John and Jenny Horgan failed to sell off luxury accommodation at the estate.

Stonehenge Metals has entered into an agreement to acquire a Protean Energy subsidiary for a cash and share package worth about $1.34 million, to gain access to Protean’s wave energy converter technology.

Black Fire Minerals has completed an $810,000 share placement to complete its reverse takeover of mobile game developer Animoca Brands Corporation.

Perth information technology company ASG Group has offloaded its flagship data centre about a year after putting it up for sale.

Subiaco-based gold and metal base explorer Ironbark Zinc has announced a $2.5 million capital raising for permitting and pre-development works at its Citronen zinc project in Greenland.

Telstra is taking a controlling stake in US video streaming and analytics platform Ooyala as it looks to expand beyond its traditional telecommunications business.

PLD Corporation has raised over $1 million after a share placement and entitlements issue closed heavily oversubscribed.

Woodside Petroleum has bought a 40 per cent stake in a joint venture deep water exploration project off west Africa.

Perth gold miner Minera Gold has received $US4.5 million from investment company SilverStream to help fund the acquisition and proposed expansion of the San Santiago processing plant.

Vital Healthcare Property Trust, a New Zealand-based medical and healthcare property investor, has bought a 31-bed psychiatric hospital in Perth for $13.5 million.

A takeover battle is under way for Treasury Wine Estates, with another private equity firm lodging a bid to buy the Penfolds owner.

Engineering and project services company Clough today announced the acquisition of CH-IV International, a small, privately owned liquefied natural gas engineering and consulting services provider based in the United States.

Two of Perth’s hospitality suppliers, Hisco and NFE, have announced a merger today in a move they hope will make them an industry leader.

South African engineering firm DRA has partnered with Perth mine planning consultancy Orelogy, one week after buying collapsed Forge Group’s North American asset, Taggart Global.

West Perth-based coal miner Continental Coal has announced a non-renounceable $35.1 million rights issue as part of a recapitalization and restructure.

Theme park and Goodlife gym owner Ardent Leisure is more than doubling its Western Australian fitness clubs by buying Fitness First sites in the state's capital.