Deals

The Northbridge site which was once home to longstanding Irish pub Rosie O’Grady’s has been sold for close to $4 million.

Internet and cloud-gaming company Pentanet has secured a sponsorship deal with West Perth Football Club, in a bid to create a space for esports.

Iluka Resources intends to demerge its rutile business in West Africa, while Northern Star is set to pocket $44.5 million from divesting two gold projects.

Tattarang has directed $26.8 million into Natural Fiber Welding, a plastic free fabric enterprise that has partnered with the likes of Alexander McQueen, Ralph Lauren, Pangaia and BMW.

IGO has won back endorsement from the Western Areas board for a proposed takeover after bumping up its offer price from $3.36 to $3.87 per share.

The acquisition was confirmed today after months of speculation.

Strike Energy has inked a five-year gas supply agreement with AGL’s Western Australian business, Perth Energy.

WA’s largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.

IGO’s proposed acquisition of Western Areas has hit a snag amid claims that an independent report prompted the WSA board to potentially reconsider its endorsement of the $3.36 per share offer.

The Fremantle property developer paid $18.2 million for the asset, which is changing hands for the first time in three decades.

Comet Resources is raising $50 million to cover restart and acquisition costs for Glencore’s Queensland Mt Margaret Copper project, which has been out of action since 2014.

WA-based commercial fishing company Austral Fisheries has acquired Brisbane-based seafood processor Moreton Bay Seafoods.

OTR Tyres has acquired NYSE-listed Titan International’s Australian wheel division in a bid to springboard the Bellevue business’ east coast operations.

The Perth doctor who recently sold 120 Marine Parade has bought a nearby development lot for $5.8 million.

John Borshoff’s Deep Yellow and WA uranium play Vimy Resources have agreed to terms for a proposed $658 million merger, some four months after Vimy first put Mulga Rock on the market.

Infinite Blue Energy will buy the Northam Solar Farm and hopes to invest $80 million to build a green hydrogen project; while a deal for Merredin Solar Farm is progressing.

Perth-based Tietto Minerals has received commitments to the tune of $130 million for its Abujar gold project in Côte d’Ivoire ahead of first gold planned later this year.

Andrew Forrest has made a move into Western Australia’s shipbuilding sector, acquiring an 8.1 per cent interest in Austal via his investment entity Tattarang.

A Queensland property syndicator has bought a Weir Minerals warehouse in Kalgoorlie for $8 million.

Possible merger partners Vimy Resources and Deep Yellow have both placed their shares in a trading halt, citing a potential control transaction.

Another ASX-listed uranium company is raising cash to step up its project amid revived interest in the commodity.

The Birchal platform has raised $100m over four years, with Perth companies Australian Honey Ventures and Bunsters among the latest WA enterprises to garner funding via the site.

Australian Development Capital bought 10 Richardson Street from local investors for $13.1 million.

Perth-based marine business MMA Offshore has sold one of its vessels to Fortescue Future Industries to be converted into a green ammonia-powered ship.

South Perth-based explorer Finder Energy has garnered $15 million for its initial public offering against a backdrop of rejuvenated oil prices.

Hancock Group has been cleared to proceed with its largest investment into the energy sector after the federal court approved its joint bid with POSCO to acquire Senex Energy.

A US company associated with Bill Beament and Nev Power is set to purchase Glencore’s CSA copper mine for $US1.1 billion ($A1.5 billion).

Wesfarmers is one step closer to completing its acquisition of Australian Pharmaceutical Industries after securing shareholder approval.

Boss Energy is hoping to garner $125 million from investors to bring the company’s Honeymoon uranium project into production.

St George Mining is understood to be conducting a $6.5 million equity raise to fund further nickel-copper exploration efforts at the Mt Alexander project in WA’s Yilgarn Craton.

Western Areas and its independent expert are reviewing terms for a planned takeover from IGO in light of volatile nickel pricing.

Global Lithium secured new investment from Mineral Resources, Pantoro is set to bank $45 million ahead of planned first gold production, while Westgold raised $100 million to step up output.