The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.
Venture capitalist Anthony Grist has raised almost $10 million joining fellow board member and his private investment partner James Spenceley in selling down stakes in Vocus Communications to focus on the next generation of investments.
Local company Talisman Mining has tapped investors for a $16.7 million capital raising to fund ongoing exploration at its Springfield copper-gold project in the Murchison region.
Falcon Minerals, which is preparing to become a 3D printer-focused company called i3D Technologies, has secured pre-commitments from investors ahead of a planned $5 million capital raising.
As part of a backdoor listing with Falcon Minerals, prominent technology investor Anthony Grist has paid $US1.5 million to become a major shareholder in a US-based company that has experienced rapid growth selling 3D printers.
Falcon Minerals has settled a sale with Iluka Resources subsidiary Basin Minerals Holdings for its 10 per cent equity in the Echo Minerals Sands Project, located in the Murray Basin in Victoria.
