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.
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.
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.
Perth-based visual logistics start-up SpaceDraft has attracted $1.5 million via a round of seed funding backed by angel investors Tim Haggett, Grant Grosser, and Larry Lopez.
A $10 million initial public offering launched by International Graphite, which has plans to develop a downstream processing facility in Collie, closed in less than a day.
Dundee Corporation has upped its stake in Ausgold under a 4 cents per share capital raising, under which the explorer gained a new institutional investor.
Shares in the Chile-focused copper play closed 16 per cent higher after confirming its biggest shareholder had reserved more than half of copper output from its Costa Fuego project.
Australian contractor CIMIC has told shareholders to take no action in response to a takeover proposal from majority shareholder HOCHTIEF that lifted shares by 33 per cent.
Shares in Carawine Resources rose 33 per cent following an all-cash takeover bid from Christopher Wallin-affiliated company QGold, which also took up a large stake in the explorer.
Bill Beament-led Develop will pay up to $100 million for Heron Resources and the Woodlawn copper-zinc mine in NSW, seven months after the developer went into administration.
