Financial Services

Planning and Infrastructure Minister Alannah MacTiernan has called for a greater share of Federal Government funding for infrastructure funding to be distributed to Western Australia.

Leading shareholders of Orbital Corp have made an unsuccessful attempt top entice billionaire founder Ralph Sarich to reinvest in the Balcatta engine technology company.The West

The discovery of a bashing victim in Melbourne lead to revelations of a new approach to Australia's refugee intake as Paul Omodei discovered allegations of plagiarism by Attorney General Jim McGinty, plus Pulp Mill, Hospitals, Autism, Teachers and Pauline

Former Hallmark Gold NL and Welcome Stranger Mining Company NL directors Stuart Adrian Corp and Brian Millwood Smith, have been found guilty of 29 charges brought after an investigation by the Australian Securities and Investments Commission.

Applecross-based financial services company Questus Capital Group Pty Ltd is seeking a backdoor listing on the Australian Securities Exchange through failed Belmont-based company Financial Resources Ltd.

West Perth-based LinQ Capital Ltd, which is under pressure from UK shareholder Carrousel Capital to improve its share price, will renew its unit buy-back from October 19.

Perth-based metals explorer Windy Knob Resources Ltd will raise $900,000 through the placement of 3 million shares at 30 cents each to fund the company's ongoing exploration commitments.

Belmont-based gold and base metals explorer Great Australian Resources Ltd will acquire the remaining 50 per cent stake of Platinum Mining Ventures Ltd for a scrip issue of 17.5 million shares, worth around $4.9 million.

A decision by Federal Agricultural Minister Peter McGauran to expedite exceptional circumstances funding for drought affected farmers in the wheatbelt has been welcomed by State Agriculture Minister Kim Chance and WAFarmers President, Trevor De Landgrafft

The State Government will spend a further $1 million on the fight against cane toads, Premier Alan Carpenter announced today, with funding going towards research and community groups.

Malaga-based Advanced Engine Components Ltd has announced plans to raise $2.3 million through a non-renounceable rights issue to provide the company with additional working capital.

Sphere Investments admits problems with investment deal; ANZ cancels West Coast Eagles sponsorship; ABB grain facin $10m losses; Gunns will push ahead with Tasmanian pulp mill; Federal Govt has its hospitail funding share by 10 per cent.

South Perth-based seafood processor Sam's Seafood Holdings Ltd has completed its recapitalisation fund raising, earning $1.7 million through the issue of 292.8 million shares and 30 million options.

West Perth-based Sphere Investments Ltd has joined fellow iron ore developer Cape Lambert Iron Ore Ltd in hitting a potential funding crisis, after disclosing that one of its partners was reviewing its planned participation in a $415 million funding deal.

Guilford-based Swick Mining Services Ltd has announced a share placement to raise $28 million to expand its underground diamond drilling division, in conjunction with a partial sell-down by the Swick family of $40 million worth of shares.

Bibra Lake-based rubber recycling and manufacturing company Reclaim Industries Ltd has been awarded a $567,500 grant by the Federal and South Australian governments for their increased investment in the state.

West Perth-based engineering services company Neptune Marine Services Ltd has secured a series of new diving and maintenance related projects in the United States and Australia.

Belmont-based gold and base metals explorer Great Australian Resources Ltd has completed an agreement with Perth-based metals explorer View Resources Ltd for the latter's purchase of a tenement within the Corboys gold project area.

Nedlands-based ophthalmology product development company Advanced Ocular Systems Ltd has sold intellectual property related to Mineralocorticoids, a steroid hormone, to Australian eye care development company Eye Co Pty Ltd for $100,000.

South Perth-based Australian Renewable Fuels Ltd will issue 25.8 million, 5 year options at a strike price of 19 cents to Macquarie Bank Ltd in return for its advice in relation to business development and financing and operational strategies.

Cape Lambert Chinese deal about to collapse; taxpayers fail to lodge tax returns; Coonan tells Telstra to rein push against regulation; Consumers keep spending; Coles may not be selling as cheaply as thought to Wesfarmers.

West Perth-based energy company Wasabi Energy Ltd has taken a 20 per cent stake in Melbourne-based evaporative water loss-prevention company Aqua Guardian Group Ltd for $500,000, ahead of its planned listing on the Australian Securities Exchange.

A group of Perth investors including former Macquarie Bank director Simon Lyons and Prime West director John Bond have taken control of listed irrigation company Australian Watwerwise Solutions Ltd.

Perth-based metals explorer View Resources Ltd plans to raise $10 million through a rights issue, the company announced today, as well as securing a new debt facility under plans to move its Bronzewing gold project into positive cash flows by December.

South Perth-based mining explorer Extract Resources Ltd and Burswood-based Tectonic Resources NL have agreed to sell their interests in the Burnakura gold project joint venture to Canadian company ATW Venture Corp, the companies have announced.

Nedlands-based Hawk Resources Ltd will acquire 80 per cent of the Callie Soak tungsten prospect, currently owned by Richmond Resources Pty Ltd, for $60,000 in cash and scrip, the company has announced.

South Perth-based agricultural investment company the ARK Fund Ltd has increased the size of its debt facility with the National Australia Bank to $27 million, the company has announced.

West Perth-based explorer Silver Swan Group Ltd has earned a 51 per cent stake in the Cocata copper-gold project after meeting the exploration expenditure committments set out under its joint venture with Sydney-based Intermet Resources Ltd.

West Perth-based Monitor Energy Ltd has raised $500,000 in a placement to advance exploration of the company's oil and uranium projects in the Kyrgyz Republic and to supplement working capital, the company has announced.

Cannington-based security technology group QRSciences Holdings Ltd associated company Spectrum San Diego Inc has been awarded a supply contract by the US Transportation Security Administration worth $42 million, the company has announced.

West Perth-based uranium explorer U308 Ltd has signed a joint venture agreement with Canada-based uranium producer Cameco for a joint venture project over eight tenements in the Ashburton region of Western Australia.

Redcliffe-based construction services company Global Construction Services Ltd has acquired Landsdale-based accommodation provider Budget Portables for $10 million, the company has announced.