News Articles for Foster Stockbroking

African-focused iron ore aspirant Genmin has announced plans to raise $10 million in order to add further value to its Baniaka project in Gabon.

Patriot Battery Metals has announced it will raise $C75 million, or $A82.4 million, by way of a fully subscribed charity flow-through offer.

ASX-listed Genmin will ask investors for $28.3 million, as the company aims to primarily cover corporate and operation costs across its flagship Baniaka project in Gabon.

Local companies Alderan Resources and Canyon Resources have secured funds to progress their copper and bauxite projects.

Caspin Resources has entered a trading halt while it completes a capital raising believed to be worth $9.7 million.

Lucapa Diamond Company is paying $8.5 million in cash to acquire a past-producing project in WA, with the purchase to be funded by a planned capital raising.

Strandline Resources will ramp-up construction of its $260 million Coburn mineral sands project in WA using funds raised from a share placement and rights issue.

Syrah Resources is raising funds from a $56 million placement and convertible notes deal with major shareholder AustralianSuper to progress its US and Mozambique graphite operations.

Goldminer Troy Resources has secured exploration funding for its South American project, with the Perth-based company targeting a maiden ore reserve this year.

Perth-based Myanmar Metals has sought up to $9.5 million from a capital raising to go towards the restart of its Bawdin mine.

Gascoyne Resources has secured a $125 million funding package to facilitate the recapitalisation plan put forward by its administrators.

West Perth-based Challenger Exploration says it will use funds raised from a $20 million share placement to explore the company's gold projects in South America.

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.

Kalium Lakes has formally launched a heavily discounted share placement and rights issue to raise up to $61 million, with the funds to cover an overrun in capital costs at its Beyondie potash project in Western Australia.

CV Check is seeking to raise $3 million via a share placement, as it seeks to build on its recent positive momentum and accelerate growth.

Three local junior resources companies are undertaking capital raisings, with Sovereign Metals to raise up to $5.3 million, Global Energy Ventures up to $5 million, and Northern Minerals to raise $3 million.

Piedmont Lithium has tapped investors for $12.2 million to fund an expansion and upgrade at the company's namesake project in the US state of North Carolina.

Graphite-focused Hexagon Resources is seeking to raise up to $6 million to progress the company's McIntosh project in the Kimberley.

Andrew Forrest-chaired Fortescue Metals Group has taken a surprise 19.9 per cent stake in Atlas Iron, and says it will block the $280 million takeover proposed by diversified mining services business Mineral Resources.

Junior explorers Black Mountain Resources and Australian Vanadium have announced $3 million capital raisings, while gold-focused Crusader Resources is tapping investors for $6.5 million as part of its initial public offering on the London AIM.

The value of Western Australia-related equity capital markets deals jumped to $4.2 billion in the March quarter, helped to a large degree by a handful of large transactions.

Strategen Environmental has appointed Kane Moyle senior principal. He will lead the mining, audit, government approvals and strategy team.

Global Energy Ventures has raised $6.7 million through a share placement, with the proceeds to be used on the development of the company's compressed natural gas technology.

Technology company BrainChip Holdings has tapped investors for $6 million to expand its sales and marketing efforts.

Perth-based oil and gas explorer TTE Petroleum has recruited former Liquefied Natural Gas boss Maurice Brand as part of a board restructure that includes the resignation of current chair Darren Levy and the movement of chief executive Paul Garner to a non-executive role.

Iron ore miner BC Iron has confirmed a $25.5 million capital raising backed by major shareholder Kerry Stokes to fund work at its Buckland project and pay off debt.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

Lithium hopeful Pilbara Minerals has raised $12 million in an oversubscribed placement to fund ongoing work at its flagship Pilgangoora project east of Port Hedland.

Perth tech companies Norwood Systems and rent.com.au have completed capital raisings worth a combined $9.3 million, with Norwood planning to raise a further $1.5 million to fund further marketing of its products.

A planned backdoor listing by technology company Yatango, which was backed by top-shelf advisers and boasted iiNet founder Michael Malone as one of its directors, has fallen through after being hit by tough market conditions and a run-in with the corporate regulator.

The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.

A group of Perth venture capitalists is backing plans by a local health scientist for an IPO of a new fitness-based business development, including a body-measuring app that is still on the drawing boards.

West Perth-based explorer Monto Minerals has joined the wave of backdoor listings, with the company announcing plans to acquire a US tech company for $13 million.

West Perth-based Liquefied Natural Gas Ltd has tapped investors for a $174 million capital raising to fund ongoing development of its two North American LNG projects.

A local consumer services technology company currently in the middle of a backdoor listing has welcomed former iiNet chief executive Michael Malone to its board as a director.

The company behind the reverse takeover of local cloud-based technology company Norwood Systems has raised $5.5 million in an oversubscribed share offer.

Shares in copper miner Latitude Consolidated skyrocketed on news it plans to exit the resources sector with a proposed acquisition of consumer services technology company Yatango through a scrip deal valued at about $18 million.

Quintessential Resources is set to relist on the ASX tomorrow after morphing into technology incubator Yonder and Beyond, but plans by three travel businesses, including George Michalczyk's Motive Travel, to undertake a backdoor listing through Red Gum Resources have fallen through. Click through to also see the BNiQ listing of 26 WA backdoor listings.

Former copper and gold explorer Quintessential Resources has moved another step towards its scrip takeover of technology incubation company Yonder and Beyond with the appointment of Y&B chief executive Shashi Fernando as a non-executive director.

FEATURE: After rocketing to a $1 billion market capitalisation this year, Liquefied Natural Gas Ltd has been going from strength to strength.