Deals

Uranium Equities has announced a one for three rights issue and placement to raise up to $1.5 million for its Alligator Rivers uranium field and general working capital.

Perth-based Swan Gold Mining has completed a one-for-10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $20 million and debt to equity conversion of more than $29 million.

Revelations of Rupert Murdoch's $80 billion attempt to create the world's biggest media company has sparked speculation it will lead to a bid for Australia's Ten Network.

Shares in Perth gold miner Minera Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $US5.5million.

The $2.2 billion foreign takeover of David Jones will go ahead, after the Federal Court approved the sale of Australia's oldest department store to South Africa's Woolworths.

Perth-based Papillon Resources has agreed to amend the terms of its merger agreement with B2Gold to provide a new incentive for some of its shareholders.

Two months after acquiring fraccing technology developer Ecopropp, energy company Coretrack has completed a successful raising of $2 million to advance the new business.

Perth-based gold miner Doray Minerals has agreed to purchase a majority interest in Archean Star Resources’ Gnaweeda gold project in the Murchison region of Western Australia.

Global investment bank Pareto Securities has opened its first office in Perth, with plans to supply bond finance to resources companies based in Australia.

Aurora Minerals has executed a three way deal with African Lion and Predictive Discovery, offering African Lion an $800,000 placement and in return receiving a 17.2 per cent slice in Predictive.

Australia's biggest blind and curtain maker, Kresta Holdings, has received a formal bid from Chinese sunshade manufacturer with a $34.5 million takeover offer.

More than 176 years after its first store opened in Sydney, David Jones is passing into foreign hands after shareholders overwhelmingly backed a $2.2 billion takeover.

Beach Energy has accepted Woodside Petroleum's offer to acquire a 70 per cent interest in the Lake Tanganyika basin in Tanzania.

Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.

Kalgoorlie-based Phoenix Gold has agreed to purchase St Ives Gold Mining Company’s heap leach processing plant near Kambalda for $2 million.

If all goes to plan, David Jones, Australia's oldest department store, will shift into foreign hands on Monday.

The Deloitte WA Index declined in June after positive performance in the previous month, with the market capitalisation of Western Australian listed companies decreasing by 3.1 per cent to close the month at $149.3 billion.

Minerals explorer Newera Resources has announced an entitlements issue to raise just over a $1 million.

The Australian Competition and Consumer Commission has raised concerns about the sale of four Western Australian Supa IGA stores to the Wesfarmers-owned Coles.

Perth technology entrepreneur Zhenya Tsvetnenko is taking another of his ventures public with a second reverse takeover of a struggling mining stock in four months.

Phosphate and glauconite explorer Potash West has completed an $800,000 placement to fund development of its Dandaragan Trough project near Perth.

Greenland Minerals and Energy has closed its fully underwritten $8.9 million rights issue oversubscribed.

Baosteel and Aurizon now control more than 90 per cent of Aquila Resources and will move to compulsorily acquire the rest of its shares.

Perth gold explorer Emmerson Resources has completed raising $1.87 million through a 49 million share placement to Evolution Mining, satisfying all conditions precedent to the joint venture agreement.

Perth broker Euroz Limited has more than doubled its annual net profit to $26.5 million, after the acquisition of Blackswan Equities lifted its profit guidance for the financial year.

Perth company CVCheck is meeting increasing demand for its services as employers seek to apply greater levels of scrutiny to the details provided by job applicants.

Perth-based Ark Maintenance has been acquired by Calibre Group subsidiary G&S Engineering Services for $3.3 million.

Perth-based Altona Mining has agreed to sell all of its Finnish operations and most of its exploration assets to Swedish miner Boliden Mineral AB for about $US95 million.

Perth-based explorer Zenith Minerals has acquired 51 per cent interest in Fitzroy Resources’ Rookwood project, with an option to purchase the remainder.

Shares in Perth-based Poseidon Nickel have risen 23.7 per cent after the company agreed to acquire Norilsk Nickel’s Black Swan project near Kalgoorlie for an undisclosed amount.

Geraldton-based Bhagwan Marine has become Australia’s largest vessel hire business with the acquisition of Brisbane-based MDT Maritime.

FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.