Deals

Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake.

Logistics and car retailer Automotive Holdings Group has bought a major stake in an east coast-based vehicle auction business for an undisclosed sum.

Subiaco-based Coventry Resources will be rebranded after completing the $8.3 million acquisition of a gold explorer focused on projects in Alaska, and announcing plans for a $10 million raising.

A joint venture between Cottesloe-based Triangle Energy Global and Royal Energy has taken full ownership of the Cliff Head offshore oil project in the Perth Basin after buying out previous stakeholder Roc Oil for $US3.75 million ($A5 million).

West Perth-based Encounter Resources has tapped investors for $3.4 million to fund ongoing exploration at its gold projects in the eastern Pilbara region.

Thermal energy company Enerji has exited administration with plans to raise $5.6 million and lift a share trading suspension on the ASX.

A new Perth-based gold and copper exploration company has closed flat on its first day of trading on the ASX, after completing a $4 million initial public offering.

AusCann Group Holdings has confirmed a $12 million capital raising to fund the development and manufacture of medical cannabis products in Australia.

South African mining giant Gold Fields has spent $64.3 million to increase its stake in Perth-based Gold Road Resources to 10 per cent, as the two companies jointly develop the Gruyere project.

The owner of the $6 billion Balla Balla iron ore project in the Pilbara has entered into an option agreement to acquire the nearby Weelumurra asset from Mineral Resources for an undisclosed sum.

Aspiring potash producer Danakali has tapped investors for $12.3 million as it moves ahead with development of its Colluli project in Africa.

Professional services organisation KPMG hopes to better assist companies affected by changes to foreign worker laws after acquiring the Chamber of Commerce and Industry of WA’s migration services division for an undisclosed sum.

Perth-based Musgrave Minerals has tapped investors for $3 million to fund exploration work at its Cue gold project in the Murchison region.

Engineering and construction contractor Decmil Group has sold its Osborne Park headquarters to Primewest Funds for $27.5 million.

Fairfax Media shares have hit their highest level in six years after a consortium led by US-based private equity giant TPG Capital upped its takeover bid by $500 million and widened it to now include the entire company.

Perth-based Samson Oil and Gas announced today that it had entered into a purchase and sale agreement with a US-based energy company in respect of its State GC assets in New Mexico.

Diversified energy company Pan Asia Corporation announced today that it has entered in to a heads of agreement with Glory Merry for the sale of its Innovation West Mantewe subsidiary, which has a 75 per cent interest in Indonesian mining operation Transcoal Minergy. 

Gold hopeful Impact Minerals is aiming to raise $4 million through a share purchase plan to fund exploration at is Commonwealth gold-silver-base metals project in NSW.

Perth tech startup QuizJam is seeking to raise $1 million through a convertible note issue to support continued growth of its online business.

The major shareholders in Wellard, including China's Fulida Group Holdings and local agribusiness Heytesbury, are expected to lift their stake in the livestock exporter after a big shortfall from its rights issue.

G Medical Innovations Holdings has joined nearly a dozen Israeli tech companies to list on the ASX in recent years through Perth advisers.

Shares in Zenith Energy were up 10 per cent to 55 cents after the remote generation operator listed on the ASX today, with the company planning to use the $25 million it raised to move into renewables and microgrid technology.

Casinos operator Crown Resorts has quit the major gambling destination of Macau after a series of setbacks, including last year's detention of 15 employees by Chinese authorities.

Curtin University spin-out iCetana, which is commercialising video monitoring software, has become the second unlisted Perth tech company to complete a big capital raising this year.

Flinders Mines is seeking to raise $16 million to advance its Pilbara iron ore project, with the company needing to fund further work to progress the mine to feasibility stage.

Macmahon Holdings has finalised documentation for what is a potentially transformational deal with Indonesia's PT Amman Mineral Nusa Tenggara, two months after announcing a heads of agreement in the midst of a hostile takeover battle.

Perth-founded wearable technology company Nuheara has raised a total of $4.65 million, substantially less than its $7 million target. 

Leederville-based cycling products developer Cycliq has completed a $2 million placement and plans to raise an additional $1.5 million through a rights issue, a week after the company’s two founders stepped down from their executive roles.  

Anti-drone software specialist Department 13 International has tapped investors for $5.5 million to meet customer demand for its Mesmer technology.

Nano-satellite maker Sky and Space Global has bolstered its cash reserves after completing a $10 million capital raising.

Gold explorer KIN Mining has raised $10.2 million from investors to fund new exploration at its Leonora project.

Perth entrepreneur Steve Tobin is gearing up for an expansion of oil and gas and minerals exploration in Australia, after selling a majority stake in Terrex Seismic to a private equity group to fund the acquisition of what he believes is a breakthrough technology.