Atlas Iron will take control of all Giralia Resources shares in an exclusive off-market takeover bid announced today, valuing the junior miner at $828 million.
Perth-based explorers Giralia Resources and Helix Resources will spin-off their Gascoyne gold assets into new company, Gascoyne Resources, which will seek to raise $6 million through an initial public offer.
Carpentaria Exploration Ltd, a spin-off of West Perth-based Giralia Resources NL has lodged its prospectus with the Australian Securities and Investments Commission, aiming to raise $7.5 million.
Giralia Resources NL, one of the state's uranium hopefuls, will spin off its Pilbara iron ore tenements as part of a $4 million float as Red Hill Iron Ltd.
