Deals

Perth-based Red Sky Energy is raising $4 million to purchase Beach Energy’s stake in the Killanoola oilfield, in South Australia’s Otway Basin.

National stockbroking firm Ord Minnett has finalised an agreement to buy competitor EL&C Baillieu, which was put up for sale in June this year.

Perth-based mining services company Western Plant Hire has been bought by two of its senior managers, with backing from private investors led by Peter Hutchinson.

International insurance claims management company Crawford & Company has acquired Australian business HBA Group, which includes Perth-founded HBA Legal.

Australian Potash has secured further funding for its proposed Lake Wells development in Western Australia.

Murray Engineering has partnered with national company Siemens to provide electric vehicle charging stations for mining operations.

Tyre recycler Pearl Global is raising $6.5 million to expand its Queensland processing facility and provide working capital, after announcing a $9.2 million loss on Monday.

Westar Resources has joined the rush of gold IPOs this year, seeking to raise $5 million to explore its projects in Western Australia.

Brisbane-headquartered Senex Energy will exit South Australia’s Cooper Basin after more than 20 years, with its assets to be sold to Beach Energy for $87.5 million.

Perth-based Marvel Gold has received commitments to raise $5.7 million from a share placement, with the proceeds to go towards its gold projects in Mali.

Takeover target Cardinal Resources has requested that its bidders be allowed to improve their proposals after having declared their $1 per share bids as ‘best and final’.

A private Hong Kong-based entity is purchasing a high-grade iron ore mine on Cockatoo Island from its former owner, Pluton Resources.

Russian miner Nordgold has extended its offer to buy Perth-based Cardinal Resources, one day after matching the off-market proposal from China’s Shandong Gold.

Pilbara Minerals has lodged a $US175 million bid for fellow lithium miner Altura Mining, though Altura is working on its own recapitalisation plan after being put in receivership.

ASX-listed K2fly has boosted its position in the iron ore sector after announcing the acquisition of WA mining software company SATEVA.

ASX-listed marketing company IVE Group has acquired Australian Community Media’s printing operations in Mandurah and signed a contract to print and distribute the company’s newspapers.

Goldminer Troy Resources has secured exploration funding for its South American project, with the Perth-based company targeting a maiden ore reserve this year.

Russia’s Nordgold is not backing down in a takeover battle for Cardinal Resources, despite the Perth-based gold play in favour of a matching offer from Shandong Gold.

Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.

Mineral Resources has surprised the market by purchasing an iron ore project from Australian Aboriginal Mining Corporation, and also bought into a legal fight with Fortescue Metals Group.

A Perth start-up that has created a specialist online market for adventure gear is poised for expansion after locking in a funding deal with local investment group Eastcourt.

National cyber security company CyberCX is planning further growth in Western Australia after announcing two acquisitions from Perth-based Vortiv.

A Perth business developing autonomous vehicles for subsea surveying has raised £10 million via a spin-off, while Poynton Stavrianou are advising on a further potential deal.

Russian miner Nordgold has continued its fight for Perth-based Cardinal Resources, having matched an offer to buy the gold explorer for $1 per share.

Afterpay and Zip have struck deals with Westpac and Visa to bundle their services, as payment providers expand and evolve with technology.

Biotech company PYC Therapeutics has sought funding for its lead drug development program that aims to treat childhood blindness.

Perth-based GBM Resources is paying $3 million to buy a gold project in Queensland, close to its flagship Mount Coolon asset.

CIMIC Group has confirmed the 50 per cent sale of its mining contractor, Thiess, to an entity based in the UK.

Andrew and Nicola Forrest have added to their sprawling private business empire by purchasing boot manufacturer and retailer R.M. Williams for a reported $190 million.

The spinout company of Cassini Resources is seeking to raise $6 million from its initial public offering, with an ASX listing targeted for November.

Prospect Resources is raising $6 million from a share placement to go towards its lithium project in Africa.

Shareholders of Victoria’s Boadicea Resources have approved the $7 million sale of its Fraser Range tenements to nickel miner IGO.