Deals

West Perth-based Chalice Gold Mines has entered into a binding share purchase and royalty agreement to sell its gold assets in Quebec, Canada.

Shareholders have welcomed Capricorn Metals' announcement it is seeking to raise up to $18.3 million via a share placement and top-up issue, and that Mark Clark and Mark Okeby, both formerly of Regis Resources, have joined the board.

The Australian Securities and Investments Commission has appointed Morgan Stanley to sell a stake of approximately 12.9 per cent in Yowie Group, which the regulator seized in April.

Kalium Lakes is a step closer to a final investment decision on its Beyondie sulphate of potash project, after it received a credit-approved offer from German KfW IPEX-Bank for around $102 million.

Nickel miner Panoramic Resources has entered into a binding agreement to sell its Thunder Bay North platinum group metals project in Canada for $C9 million ($9.8 million).

US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.

Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.

Zenith Energy has closed its share purchase plan with applications totalling $220,000 of the total $5 million that was offered. 

Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.

TNG has signed a binding contract with rail operator Genesee & Wyoming Australia to haul product from the Mount Peake vanadium-titanium-iron mine more than 1100 kilometres to a processing facility in Darwin, Northern Territory.

Emerald Resources has secured a total of $US160 million in finance facilities to fund project development and future acquisitions.

Superior Lake Resources has raised $3.78 million via a share placement, while Conico is set to raise $1 million via a rights issue.

A local junior whose gold and base metals exploration projects in Burkina Faso had to be put on hold amid escalating jihadist violence in the West African country is pivoting to become a rare earth oxide developer.

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD’s board backing the improved offer.

Altura Mining has a new major shareholder, after Ningbo Shanshan acquired Shaanxi J&R Optimum Energy’s shares in the lithium miner.

AVZ Minerals has increased its stake in the Manono lithium and tin project by 5 per cent for US$5.5 million from Datchom Mining.

The $2.3 billion takeover of Navitas by private equity firm BGH, AustralianSuper and the global education provider's former chief executive Rod Jones is now legally binding.

Eagle Mountain Mining has completed an entitlement offer raising $1.7 million. 

Shares in West Perth-based Hylea Metals were up 592 per cent today after the junior announced it acquired a 65 per cent stake in Paladin Energy’s Kayelekera uranium mine in Malawi.

Bassendean-based company Technology for Ageing and Disability WA has acquired the mobility division of TL Engineering.

MACA will provide a $12 million working capital facility for an expansion of Blackham Resources' Matilda-Wiluna operation.

The tally of new ASX listings from Western Australia remains at just two this year, with Gold Tiger Resources (Australia) canning its IPO after being hit by weak equity markets and gold sector woes and having to issue a supplementary prospectus.

Cancer-focused medical technology company BARD1 Life Sciences has raised around $7.5 million via a share placement and rights issue, and has appointed two non-executive directors to its board.

Wangara-based Fleetcare has struck a $150 million deal with an undisclosed major Australian bank, which it says will pave the way for additional growth.

Mining services firm Macmahon Holdings has acquired underground mining contractor GBF, which currently has around $266 million worth of work in its order book.

Shaw and Partners has acquired Perth-based financial advisory and planning firm DJ Carmichael, which has approximately $650 million funds under its advice.

Prospect Resources has raised $5.2 million via a share placement and share options exercise, with the funds raised to be utilised for general working capital.

Zelda Therapeutics has announced that on of its directors Mara Gordon, has sold 35.5 million shares.

Vocus Group shares have lost nearly a third of their value after AGL Energy abandoned a $3.02 billion takeover proposal less than a week after making a second offer for the internet provider.

Saracen Mineral Holdings has made an all-scrip takeover offer for Fremantle-based gold explorer Bligh Resources, as it seeks to increase the resource for its Thunderbox operations.

Fortescue Metals Group has signed a conditional farm-in and joint venture agreement with Perth-based Tasman Resources for an exploration project in South Australia.

Thomson Geer has become the latest in a string of east coast law firms to enter the Western Australian market, acquiring LSV Borrello 10 years after the local firm was established.