Navitas founder Rod Jones and his fellow board members have failed to reach agreement on insider protocols designed to manage conflicts of interest affecting the takeover target.
Alkane Resources is set to take an $8 million stake in takeover target Explaurum via a share placement that breaches the conditions of Ramelius Resources’ hostile bid.
A sluggish approvals process for seismic work at the Xanadu prospect in the Perth Basin has led Whitebark Energy to sell its stake in the project in a $5 million deal, with the money to head to Canada instead.
Bellevue Gold (formerly Draig Resources) has boosted its coffers with a $15 million share placement to fund exploration work at the company’s Bellevue project near Leinster.
Carnegie Clean Energy will take a reduced stake in ASX-listed Tag Pacific in exchange for the Perth company’s battery storage and microgrid business, after the parties agreed to remove a $2.2 million cash component from their original deal.
Private equity firm BGH Capital and AustralianSuper have returned with another $4.11 billion bid for Healthscope, five months after the private hospitals operator rejected their takeover attempt.
Litigation funder IMF Bentham has announced plans to raise up to $84.5 million to establish two new funds and pursue growth opportunities in Europe and Asia.
New Zealand-based investment group Infratil is considering selling its majority stake in local electricity provider Perth Energy, which recently returned to profit after running at a loss for the past three years.
Helix Resources is pleased to announce the completion of a placement to raise $0.9m via the issue of 30,000,000 at the last market close price of 3 cents.
Vanadium-focused QEM, which features experienced mining executive Daniel Harris on its board, began trading on the ASX today after completing a $5 million initial public offering.
Burswood-based Alkane Resources has invested $3.7 million in gold explorer Calidus Resources, with the proceeds to fund completion of a pre-feasiblity study at the Warrawoona project in the Pilbara.
Vector Resources has secured a $US35 million ($50 million) debt facility with Dubai-based conglomerate Fast Telecom to fund the acquisition of a gold project in Africa.
White Cliff Minerals has announced plans to raise up to $2.3 million to fund exploration at the company’s gold deposit in Central Asia and across its Western Australian assets.
The board of Explaurum has rejected a $59.2 million hostile takeover bid from gold miner Ramelius Resources, saying the offer is opportunistic and undervalues the target.
Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.
Navitas co-founder and former managing director Rod Jones has backed an indicative takeover bid for the education services company led by Australian private equity giant BGH Capital.
BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer.
Gold-focused Kin Mining has announced plans to raise up to $10.4 million via an entitlement offer, while also revealing it has received interest for potential acquisition deals.
Gina Rinehart’s Hancock Prospecting plans to focus on how to integrate Atlas Iron’s operations into its existing business after acquiring more than a 90 per cent shareholding in the struggling iron ore miner.
Tighter lending conditions likely after the banking royal commission will be a hurdle for business brokers who are seeing a slow improvement in their market.
