Deals

Canada-listed BlueBird Battery Metals has entered into an agreement to farm-in to Impact Minerals’ Broken Hill project in NSW, in a cash-and-scrip deal worth about $5.5 million.

Tap Oil has urged shareholders to reject a $29.8 million takeover bid from major shareholder Risco Energy Investments, after independent expert BDO valued the company well above the offer price.

Dacian Gold has announced a capital raising worth up to $45 million to fund exploration at its Mt Morgans operation near Laverton.

Sandfire Resources has entered into a strategic relationship with Victoria-based White Rock Minerals, which includes a $2.5 million equity investment and an option to earn-in to the junior explorer’s Red Mountain zinc project in Alaska.

Diversified contractor Tempo Australia has announced it will acquire NSW-based telco services company Comsite Services in a deal worth up to $4 million.

UK-based Black Dragon Gold has announced plans for a $6 million initial public offering and listing on the Australian Securities Exchange.

Local engineering company Primero Group made a steady debut on the ASX today after completing a $25 million initial public offering.

Automotive Holdings Group today announced that HNA International (HNA) has confirmed that it is terminating the agreement announced on 23 November 2017 to acquire the Company’s Refrigerated Logisti

Altech Chemicals has raised $17 million to help fund the construction of a high-purity alumina (HPA) plant in Malaysia.

Williams-based Wide Open Agriculture has begun trading on the ASX today after the company raised $5 million via an initial public offer.

South African firm DRA has expanded its Australian presence with the purchase of G&S Engineering Services from diversified infrastructure company Calibre Group.

Tech company Family Zone Cyber Safety has raised $5 million via an equity investment from UK-based advisory firm Tellus Matrix.

Joondalup-based medicinal cannabis hopeful AusCann Holdings has secured $33.4 million from local and North American institutions, with NYSE-listed marijuana play Canopy Growth Corporation upping its stake to 11.2 per cent.

Potash explorer Agrimin has boosted its coffers with a $10 million capital raising to progress the definitive feasibility study being undertaken at its Mackay project in Western Australia.

Sydney-based Vango Mining has announced a $5.1 million capital raising to fund exploration at its Plutonic Dome gold project in Western Australia's Mid West.

Independence Group has agreed to pay $21 million in cash and shares to prospector Mark Creasy to acquire a 70 per cent stake in a series of tenements in the Fraser Range near its Nova nickel mine.

Rift Valley Resources has tapped investors for $5.5 million as the company continues exploration work at its Longonjo rare earths project in Angola.

Automotive cooperative Capricorn Society has increased its stake in Fremantle-based environmental technology company Pearl Global (formerly Citation Resources) to 6.1 per cent after investing $1.8 million.

The Takeovers Panel has dismissed an application from Fortescue Metals Group questioning the veracity of Hancock Prospecting’s $390 million bid for Atlas Iron.

Automotive Holdings Group has confirmed the proposed $400 million sale of its refrigerated logistics business has fallen through after Chinese conglomerate HNA Group called off the deal due to liquidity issues and approval delays.

The board of Atlas Iron has unanimously recommended a revised bidder’s statement from Hancock Prospecting, while also announcing the suspension of production at its Mt Dove iron ore mine due to challenging market conditions.

West Perth-based junior miner Talga Resources has announced an oversubscribed placement raising $8.5 million to fund growth of its graphite and graphene technologies business.

Tanami Gold says it will exercise a put option forcing Northern Star Resources to buy a 15 per cent stake in the junior miner’s Central Tanami project for $20 million, after the Bill Beament-led company said it had not reached commercial production at the joint venture mine.

Carnegie Clean Energy has agreed to sell its battery storage and microgrid business to ASX-listed Tag Pacific as part of an all-scrip merger deal.

Automotive Holdings Group has revealed that the planned $400 million sale of its refrigerated logistics business to Chinese conglomerate HNA Group will not be completed by the specified June 30 deadline, with the company unsure whether a deal will be reached.

Melbourne-based medical services company Capitol Health has acquired six medical clinics in Perth as part of a deal worth up to $20.3 million.

Three weeks after acquiring a strategic blocking stake in Atlas Iron, Fortescue Metals Group has for the first time confirmed that its main interest in the takeover target is the rights to develop new berths at Port Hedland.

Perth-based Pacifico Minerals has announced it will take a 75 per cent stake in the Sorby Hills lead and silver project north of Kununurra in a cash-and-scrip deal worth up to $4.1 million.

Margaret River winery Vasse Felix is set to acquire the principal assets of Watershed Premium Wines, under a $20 million deal that allows Watershed’s cellar door and restaurant to continue operating under a two-year lease agreement.

The battle for Atlas Iron has taken another twist after Fortescue Metals Group submitted an application to the Takeovers Panel questioning the veracity of the $390 million takeover offer by Gina Rinehart’s Hancock Prospecting.

Three junior explorers have announced capital raisings worth up to $29.5 million, with Denis Waddell-led Orion Minerals tapping investors for $17.3 million.

Junior gold explorers Spitfire Materials and Excelsior Gold, which own neighbouring projects north of Kalgoorlie, have agreed to a merger, with the new entity worth about $80 million.