Oil and gas explorer Otto Energy is looking to raise up to $17.5 million, despite current market conditions, to fund the development of its well in the Gulf of Mexico.
Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.
Whitebark Energy has acquired full ownership of its Wizard Lake project, following a successful $5 million capital raising to consolidate and fast track the project's development.
West Perth-based Talga Resources is seeking to raise $6.25 million through a share placement and purchase plan, primarily to fund the development of its graphite project in Sweden.
Perth-based Indus Energy has withdrawn plans to buy South Australian company New Era Oil and Gas and re-list on the ASX, after it concluded it could not raise the $4 million required.
Oil and gas explorer Whitebark Energy and uranium-focused Toro Energy are seeking to advance their respective projects with equity, with Whitebark completing a share placement and Toro launching a share purchase plan.
Ramelius Resources has increased its takeover bid for gold-focused Explaurum, with the miner making an indicative $73.4 million offer after its first proposal was rejected.
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.
Ramelius Resources has launched a $59.2 million hostile takeover bid for exploration company Explaurum, which is aiming to develop its Tampia Hill gold project in the Wheatbelt.
Ramelius Resources is set to become a 200,000 ounces per annum gold producer after acquiring Evolution Mining's Edna May operation near Merredin for up to $90 million in cash and shares.
Ramelius Resources has raised $25 million from investors to fund a development program in the Murchison region that is targeting a 40,000 ounce increase in gold production by FY18.
