Euroz is planning to partially retain the Hartleys brand and intends to bring independent directors onto its board as part of its agreement to acquire the rival stockbroking firm.
Euroz subsidiary Westoz Funds Management has emerged as a strong critic of the proposed takeover of Zenith Energy, one day after Zenith revealed the scheme was at risk of failing.
Torian Resources, Avenira and Element 25 have each launched capital raisings today, with the proceeds to go towards gold and manganese projects in Western Australia.
IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.
EHR Resources has launched a $12 million capital raising to fund diamond exploration overseas, while Rumble Resources is raising $6 million to fund its next gold drilling program in Western Australia.
Listed stockbroking and funds management firm Euroz has offered to buy competitor Hartleys in a scrip deal that would give Hartleys' current shareholders a 17 per cent stake in the combined group.
Stockbroking firm Hartleys has confirmed it is in advanced merger discussions with listed rival Euroz. If the merger proceeds, it would add to a string of changes among Perth's top corporate finance dealmakers.
Legend Mining has launched a $20 million share placement to progress its nickel-copper project in the Fraser Range, while fellow Western Australian explorers Auroch Minerals and Xantippe Resources have also announced capital raisings.
Subiaco-based Peninsula Energy is raising $40.3 million under a heavily discounted rights issue to help repay its existing term debt and advance its flagship uranium project in the US.
Gold explorer Orecorp has launched a $13.56 million share placement, with majority of the proceeds to fund development of the company's recently acquired Nyanzaga gold project in Tanzania.
Chalice Gold Mines chairman Tim Goyder has sold 20 per cent of his shareholding in the company to accommodate strong demand for shares in this week's $30 million capital raising.
Australian Finance Group has announced a capital raising to strengthen its financial position ahead of an expected softening of the housing loan market and to support the growth of its subsidiary AFG Securities.
Chalice Gold Mines has taken advantage of a strong rally in its share price to kick off a $30 million capital raising through brokers Bell Potter Securities and Euroz Securities.
West Perth-based Predictive Discovery has received commitments to raise up to $6.9 million from a share placement and is seeking to raise up to a further $2.1 million to progress its gold discovery in Guinea.
Salt Lake Potash has moved a step closer to developing its Lake Way project in Western Australia after receiving $20 million in commitments from a capital raising.
Stockbroking and funds management group Euroz expects to report a loss of $16 million for the nine months to the end of March but said its trading activity is still profitable and it intends to pay a final dividend.
Dacian Gold has announced details of a partially underwritten capital raising priced at just 30 cents per share as it seeks to strengthen its balance sheet and rebuild its mining operations.
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.
Euroz has flagged an $8 million hit to its earnings after pulling out of its 80 per cent-owned Prodigy Investment Partners joint venture, which had underperformed in recent years.
Euroz has reported an unaudited net profit of $8.5 million for the half year to December 2019, reflecting a strong performance by most of its funds management subsidiaries and a solid result from i
Gold explorer Emerald Resources is seeking to raise $75 million through a share placement to develop its Okvau project in Cambodia, while also finalising a $US60 million ($A88 million) loan with Sprott Private Wealth.
Emerald Resources has announced plans to raise $75 million to fund its Cambodia-based Okvau gold project, via two placements of 1.9 billion new shares.
Mincor Resources has reported a surge of demand for the company's stock, with a $5 million share purchase plan closing early and oversubscribed, while Titan Minerals has secured $3.5 million for its Peruvian exploration operations.
Salt Lake Potash has secured further funding for the development of its Lake Way project in Western Australia after receiving commitments to raise $23.5 million from a share placement, along with a $22 million debt extension from Taurus Funds Management.
Primero Group has secured three new construction contracts, including a $115 million arrangement with Rio Tinto, while also announcing a capital raising of $7.6 million.
Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.
Vysarn has appointed former AFL player and Sea Harvest managing director James Clement to lead the company next year, three weeks after he was added to the Fremantle Dockers board of directors.
NRW Holdings has purchased BGC Contracting for $116.4 million in cash, three weeks after it was named preferred bidder, and plans a capital raising of $130 million to fund the transaction.
Perth-based Mincor Resources has received commitments to raise $30 million through a placement, backed by major shareholders Andrew Forrest and Independence Group, and is looking to raise a further $5 million through a share purchase plan.
African-focused gold explorer Tietto Minerals announced it would raise $17 million through a share placement, primarily to fund drilling at the company's Abujar project in Côte D'Ivoire.
Rio Tinto said it will subscribe to $326 million rights shares of Energy Resources of Australia, which has been desperately seeking funds to close and rehabilitate the controversial Ranger uranium mine.
West Perth-based Vimy Resources has announced commitments to raise $3.9 million through a share placement and up to $3 million through a share purchase plan to fund the development of its uranium projects in Western Australia and the Northern Territory.
Hartleys has reported a big drop in annual revenue and net profit, making it the third major stockbroking firm in Perth to have its results hit by the sharp decline in corporate finance activity over the past year.
