Litigation funder IMF (Australia) says a federal government decision to overturn a High Court ruling on the Sons of Gwalia case will not affect past and present proceedings.
Shareholders in West Perth-based Barra Resources will have priority in new float Wild Acre, which is seeking up to $2.5 million in its initial public offer.
The market capitalisation of Western Australian listed companies surged 123 per cent, or $93 billion, in calendar 2009, according to the Deloitte WA Index.
Shares in gold explorer Cortona Resources have jumped almost 10 per cent in morning trade following the company's completion of a $10.3 million capital raising which was concluded with the settlement of a $3.6 million shortfall.
Mamba Minerals plans to raise more than $1 million via a placement and non renounceable rights issue for on-going project cost and evaluation, new project acquisition and to provide further working capital.
Port Bouvard has refinanced its existing bank facilities with St George Bank to the tune of $167.6 million, renewed until the end of 2011, allowing the property developer to focus on progressing the development of its flagship assets in Western Australia.
Subiaco-based Sylvania Resources has conditionally raised nearly $18 million from a new institutional investor, with funds to be used for development and acquisitions.
Talison Lithium's $196 million initial public offer has been withdrawn, days before it was due to list on the local stock exchange, making it the second major resources float in less than a week to suffer an eleventh hour setback.
The $203 million offering of the largest resources float for this year, Q Copper, has been delayed after a UK investor, introduced by Cape Lambert Resources, had to pull out.
Perth-based Mantra Resources will raise a total $C67.2 million ($A70 million) from North American and European institutional investors for its Mkuju River uranium project in Tanzania.
Shares in Cape Lambert Resources have entered a trading halt as it prepares to release details of the completed $214 million initial public offer for Q Copper.
A West Perth-based company with mineral assets in Chile and the shell of former explorer Supersorb Environmental will open their initial public offers this week, aiming to raise a combined $18 million.
Galaxy Resources says it $130 million project and plant loan has now been approved after China Development Bank Corporation joined the project finance syndicate led by Austrian bank, Raiffeisen Zentralbank Österreich AG.
Shares in Carnegie Wave Energy have dropped after the company said it had raised $3.5 million, the first part of a total $6 million capital raising to fund its first wave energy plant at Garden Island.
Northbridge-based Impact Minerals plans to raise $5 million through a placement managed by Hartleys, to ramp-up exploration at its Bostwana uranium project.
Subiaco-based Gryphon Minerals will ramp up exploration work at its Banfora gold project in Burkina Faso after it today said it had raised $20 million through a share placement.
East Perth-based Salinas Energy has raised $5.7 million through a heavily oversubscribed share placement, with part of the funds to be applied towards new venture opportunities in South East Asia.
The number of Perth-based companies with listing aspirations is growing with four more resource entities this week opening their initial public offers to raise a collective $25 million.
Coote Industrial has today confirmed it has raised $30 million from a share placement and will raise a further $10 million through a share purchase plan.
Tox Free Solutions has raised $20 million from an institutional placement and plans to raise a further $5 million through a share purchase plan as the company prepares for works under its Gorgon contract.
Cape Lambert Iron Ore has officially launched its plans to spin out the Lady Annie copper mine into new company Q Copper, which will soon open its $214 million initial public offer.
Miner Perilya has launched a $55 million fully underwritten rights issue with funds to be applied towards organic growth and deliver projects that will complement its existing operations.
