Deals

COVID-19 has taken a wrecking ball through the IPO market, cutting raisings by 80 per cent, although those that proceeded outperformed other equities.

Shares in Venture Minerals surged as high as 27 per cent today after the explorer announced a farm-in deal with Chalice Gold Mines.

Artemis Resources is selling its interests in the Mt Clement gold project to joint venture partner Northern Star Resources in a bid to divest its non-core assets.

Perth-based explorers S2 Resources and Impact Minerals have both launched capital raisings today, with the proceeds to advance exploration activities at their Western Australian and NSW assets.

Euroz is planning to partially retain the Hartleys brand and intends to bring independent directors onto its board as part of its agreement to acquire the rival stockbroking firm.

A Perth company that has developed a digital trading platform for the global LNG market has secured financial backing from Shell, Tattarang Group and Woodside Petroleum.

Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.

Azure Minerals will gain interests in four Western Australian gold assets from Creasy Group, with initial exploration to be funded by a $4 million capital raising.

West Perth-based Challenger Exploration says it will use funds raised from a $20 million share placement to explore the company’s gold projects in South America.

Snowden has become the latest Perth-founded mining service to change ownership after being purchased by Datamine, a subsidiary of Canadian company Vela Software.

Helloworld Travel has announced a $50 million capital raising at a hefty discount to bolster its balance sheet as the travel company looks to survive the coronavirus pandemic.

Gibb River Diamonds is set to acquire its first gold asset after securing the option to buy Nexus Minerals’ high-grade Edjudina gold project in the Eastern Goldfields.

Black Cat Syndicate has launched a $10 million share placement, with three other Western Australian-based explorers also seeking funds to progress their gold and copper projects.

Russian-owned Nordgold has increased its bid to acquire Cardinal Resources to around $347 million, which trumps a competing proposal from Shandong Gold that has already been endorsed by Cardinal.

Euroz subsidiary Westoz Funds Management has emerged as a strong critic of the proposed takeover of Zenith Energy, one day after Zenith revealed the scheme was at risk of failing.

Technology entrepreneur Bevan Slattery will invest $2.5 million into Subiaco-based Pointerra, which will use the funds to employ workers in Australia and the US.

Sydney-based explorers Gateway Mining and Navarre Minerals are raising a collective $15 million for gold projects through underwritten share placements with Western Australian brokers.

ProProperty Group has secured three deals out of the one property – signing a retail lease, selling the asset and securing management of the property.

Corporate adviser John Poynton is back looking for deals after setting up a new firm with investment banker Chris Stavrianou.

A flood of money for goldminers has defined WA’s corporate finance market this year, with Canaccord Genuity and Macquarie Capital leading the charge.

The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.

AustSino Resources Group will receive $100 million from an entity associated with its chairman to facilitate the company’s planned investment in Sundance Resources.

Kewdale-based manufacturer Australian Valve Group has been bought by a major US-based competitor seeking to build its share of the Australian market.

Bellevue Gold says it will use the proceeds from a $120 million capital raising to fast-track the development of its namesake project in Western Australia.

Engineering company Worley has bought out Spanish urban transport company Ferrovial's half-stake in TW Power Services for $20 million, acquiring complete ownership.

Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company’s tenements in the Paterson copper-gold province.

Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.

Zenith Minerals and Marquee Resources have both launched capital raisings today, while Bellevue Gold announced a maiden indicated resource for its namesake gold project in Western Australia.

Mining technology company Imdex has boosted its rock knowledge capability after completing the purchase of AusSpec International for a total consideration of $8.5 million.

E-commerce provider Afterpay is raising $800 million in a share sale as it looks to invest in growing sales and expand into new markets.

Auteco Minerals is set to ramp-up exploration activities at its flagship Pickle Crow gold project in Canada using funds raised from a $30.4 million share placement.

Gold developer Ora Banda Mining has launched a $55 million equity raising following the completion of a definitive feasibility study (DFS) at its flagship Davyhurst project in Western Australia’s Eastern Goldfields.