Deals

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.

BCI Minerals has sold its Kumina iron ore project in the Pilbara to Chris Ellison-led Mineral Resources for $35 million.

Strike Energy will extend its position in the Perth Basin, announcing it will acquire UIL Energy in a deal valued at around $16 million.

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.

Northern Minerals has announced a $27 million funding package, which includes a $25 million investment from a Chinese rare earth company.

Perth-based Bis has acquired mining services company UGM, while SMS Mining Services has merged with haulage provider Rivet Group.

Peel Mining advises that the fully underwritten non-renounceable entitlement offer announced on 7 September 2018 closed 2pm Wednesday, 3 October 2018.

Melbourne-based Capitol Health has expanded its West Australian network with the acquisition of two South West radiology clinics for $5 million.

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.

Victorian forestry company Midway has announced plans to invest up to $8 million in two Western Australian biomass companies.

Perth businessman Neil Irvine has moved to full ownership of Beaumonde Catering after buying out former managing director Brian Leyden.

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.

Australian company Lion Dairy and Drinks, which owns WA dairy business Masters, is up for sale by its Japanese owners following a month-long review.

Wood & Grieve Engineers is set to be acquired by international company Stantec, nearly 60 years after the Perth-based company was established.

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.

Perth-based Quantify Technology Holdings has announced a $4 million capital raising to progress the commercialisation of the company's flagship device.

SPECIAL REPORT: A significant uptick in the number of resources stock floats in WA mirrors a national trend driven by improved investor sentiment and rising commodity prices.

SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.

Shareholders in retail giant Wesfarmers will vote next month on whether the $20 billion demerger of supermarket chain Coles will proceed.

Gold miner Doray Minerals has announced the sale of its mothballed Andy Well project near Meekatharra to Canadian company Galane Gold in a deal worth $10 million.

Dreamscape Networks is pleased to announce that it has entered into a Binding Heads of Agreement to acquire 100% of Hong Kong based hosting and domain business PacHosting from privately held Pacifi

The Takeovers Panel has declared unacceptable circumstances in relation to a proposed funding deal for unlisted public company Bullseye Mining.

Breaker Resources has tapped investors for $10.5 million to progress a study at its Lake Roe gold project east of Kalgoorlie.