Deals

Perth-based coal explorer Ascot Resources has secured $1 million in funding from engineering and minerals processing group Sedgman, which will emerge as Ascot's largest shareholder.

Minerals explorer Metals X has acquired Rio Tinto's interest in the Mt Davies joint venture in South Australia, which it hopes will add value to its Wingellina nickel project.

Battling vanadium miner Atlantic has secured an additional $20 million in high interest debt to fund continued development at its Windimurra mine in the Mid West.

Range Resources has finalised the sale of its producing oil and gas assets in Texas for $US30 million.

Mines Minister Bill Marmion says Toro Energy's acquisition of a uranium project in close proximity to its proposed yellowcake mine at Wiluna is a significant step forward for the sector.

Gina Rinehart's Hancock Prospecting has invested $13.5 million in Perth-based oil and gas explorer Sun Resources.

Alcyone Resources has secured $7.4 million through a recent entitlements offer and shortfall placement, just scraping over the capital raising's minimum subscription level of $6 million.

Hardware giant Bunnings has sold a suite of its warehouse properties and a bulky goods centre to the listed BWP Trust for more than $312 million, under a sale and lease-back arrangement.

Perth-based Mineral Engineering Technical Services has acquired A.A. Wilkie Consulting Engineers for an undisclosed sum.

Perth-based telecommunications carrier Intelligent IP Communications has been acquired by Sydney-based BigAir Group for a cash and share package worth up to $20 million.

Internet service provider iiNet has continued its growth through acquisition strategy with a deal inked to purchase South Australian-based Adam Internet.

Paladin Energy has completed a heavily discounted capital raising after scrapping the sale of a stake in its flagship African uranium mine after it failed to attract a high enough bid.

Law firm Slater & Gordon has acquired Perth-based law firm Gibson & Gibson, growing the national firm's Western Australian operations by a third.

Perth-based oil and gas play LNG Limited has announced a $10 million capital raising plan to fund project approval activities at its Magnolia LNG project in Louisiana.

Perth-based car dealer network Automotive Holdings Group has taken its franchise count to 150 with the acquisition of a New Zealand Holden dealership and approval to create a new Nissan dealer at t

South African engineering and construction group Murray & Roberts has made a $430 million offer to win full control of Perth-based Clough, in which it already holds more than 60 per cent of the

Rio Tinto has agreed to sell its majority stake in a New South Wales copper and gold mine to a Chinese firm.

Galaxy Resources says it has reached the minimum subscription caveat of its $47 million million capital raising, which was first launched in May and since extended twice, two days ahead of the offe

Specialist hydraulics manufacturer Pressure Dynamics will resume trading today as a new entity after its assets and trading name were acquired over the weekend by a consortium of three local engine

A Perth supplier of industrial water systems backed by local executives Peter Hood, Andy Byk, Gary Steinepreis and Tom Henderson, has continued its rapid growth with an acquisition in Queensland.

Antares Energy has raised just under $6 million to fund drilling activities at its Northern Star and Southern Star oil and gas prospects in West Texas.

Perth-based oil and gas play Zeta Petroleum has acquired a block of highly-prospective oil acreage in Romania for up to $US2.8 million.

Perth mid-tier accounting firm RSM Bird Cameron has increased its focus on the Queensland market by merging with MHM Accountants in Brisbane. The deal which will see 30 staff from MHM join RSM Bird Cameron is the most recent of several acquisitions after RSM acquired businesses in Port Lincoln, South Australia and Ballarat, Victoria.

Australia's biggest owner of natural gas pipelines APA Group has approached leading natural gas distributor Envestra Limited about a merger proposal.

Analytical testing services group ALS will spend nearly $600 million on two acquisitions to increase its exposure to the growing oil and gas industries.

Troy Resources has moved to acquire the remaining shares it does not already own in Azimuth Resources, after meeting the minimum acceptance provision of its $188 million takeover bid.

Chile-focused copper explorer Hot Chili has secured $11.7 million to continue development of its Productora copper project in Chile.

Virgin Australia has completed the purchase of a 60 per cent stake in Tigerair Australia.

Kagara Mining's distressed asset firesale has hit a speed bump, with the purchaser of the collapsed base metals miner's remaining Queensland mines missing a deadline to pay $6 million worth of depo

Africa-focused coal explorer Lemur Resources is urging shareholders to reject a $19 million takeover offered by UK-based Bushveld Minerals.

Forge Resources has picked up $8.5 million by selling a part of its stake in the Balla Balla magnetite iron ore project in the Pilbara to its joint venture partner, New Zealand's Todd Corporation.

Hannans Reward and Avalon Minerals are embroiled in a dispute over $2 million Hannans says it is owed as consideration for the sale of the Discovery Zone copper-iron prospect in northern Sweden.