Deals

Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.

Barrick Gold has resolved a three-year tax dispute with the Tanzanian government, which has lifted a ban on minerals exports, potentially providing a pathway to production for a contingent of Western Australia-headquartered miners and exploration firms.

A summary of the smaller deals from last week, which did not get included in our daily news coverage.

Wearable tech company Nuheara has secured $2.5 million from a New York-based institutional fund manager to support the commercialisation of its recently-released hearing device.

88 Energy has received commitments to raise $5 million through a share placement to fund the evaluation of the company’s assets in Alaska, including the Charlie-1 appraisal well.

Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.

Gold explorer Emerald Resources is seeking to raise $75 million through a share placement to develop its Okvau project in Cambodia, while also finalising a $US60 million ($A88 million) loan with Sprott Private Wealth.

Subiaco-based Carbine Resources has signed an agreement to purchase Cockatoo Iron in a scrip deal worth $12 million.

Deloitte has acquired Perth-founded Global IO, which will join the company’s consulting practices in Australia, Canada and Chile.

Resolute Mining has agreed to repay all amounts outstanding under a $US130 million loan agreement with Taurus Funds Management, which it said would be funded by an equity raising.

Perth-founded Automic Group has become Australia’s third-largest share registry after acquiring its competitor, Security Transfer Australia (STA).

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

A summary of the smaller deals from last week, which did not get included in our daily news coverage.

Bruce Rock Engineering has increased the number of its facilities in Western Australia with the acquisition of Geraldton-based D-Trans Motor Body Builders.

National childcare provider Insight Early Learning has formed a partnership with Fremantle Football Club, placing physical health and wellbeing at the forefront of a new childcare operation known as Freo Kids.

GR Engineering Services has entered an agreement to acquire Arizona-based Hanlon Engineering & Associates, which has 40 staff.

Junior gold miner Kalamazoo Resources has announced an $8 million placement to billionaire investor Eric Sprott and his Canada-listed company, Novo Resources Corporation.

Perth-based Resolute Mining has finalised the sale of its Ravenswood gold project in Queensland to a private equity and mining consortium for up to $300 million.

Nickel miner Panoramic Resources has reported a 72 per cent take-up by shareholders for the retail component of its underwritten $32.7 million entitlement offer, helped by support from major shareholder Zeta Resources.

A summary of the smaller deals from last week, which did not get included in our daily news coverage.

Tech company Elsight has received commitments to raise $2.9 million from a share placement to Hong Kong-based investors, with the proceeds being used to fast-track sales of its flagship communications platform.

Virtual reality software firm Vection Technologies has signed a $500,000 deal to create modules for training students and dentists in dental procedures.

Gulf Manganese Corporation has secured further funding for the construction of two smelting hubs in Indonesia, with €52 million ($A84 million) expected to be received later this month.

Mineral Commodities will move to 90 per cent ownership of the Munglinup graphite project in Western Australia after striking a deal worth $9.8 million with joint venture partner Gold Terrace. It comes after completion of a definitive feasibility study that put a $US61 million cost on the project.

Perth companies Emerald Clinics and Little Green Pharma are seeking to raise up to $18 million ahead of stock market listings as they pursue very different strategies in the medicinal cannabis market.

Graphite explorer Talga Resources has raised $6 million from an oversubscribed share purchase plan, in excess of the $3 million target announced last month.

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia’s mining sector.

Privately-owned contractor GenusPlus Group has completed its fifth acquisition in the space of two years, confirming today it has bought EC&M out of administration with plans to retain a small group of key staff to help rebuild the business.

Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, which it expects to operate early next year. The sale comes five months after Berrington went into administration.

Salt Lake Potash has secured further funding for the development of its Lake Way project in Western Australia after receiving commitments to raise $23.5 million from a share placement, along with a $22 million debt extension from Taurus Funds Management.

Global mining-tech company Imdex has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash.

Perth company Meercat, which counts some of Australia's largest businesses among its client base, is planning a global rollout of its RiskView software after being bought by Chicago-based VelocityEHS.