News Articles for Hartleys

Scarborough-based West African Resources has tapped investors for a $21 million capital raising to pay off debt and fund ongoing development of its Tanlouka gold project.

Investor interest has swung strongly towards the resources sector this year, but opportunities remain for tech companies aiming to list on the ASX.

The Australian Securities Exchange has delayed the introduction of tougher listing requirements by three months, after stockbrokers and corporate advisers expressed concern about the changes.

Mark Bennett's gold hopeful, S2 Resources, has tapped investors for a $12.1 million capital raising to fund ongoing work at its Polar Bear project near Norseman.

Local junior miners Prospect Resources, Azumah Resources and Sipa Resources, and Melbourne-based Red River Resources, have today announced a collective $29.8 million worth of capital raisings.

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Gold hopeful Cardinal Resources has rattled the tin for $21.7 million to fund ongoing work at its Namdini project in Ghana.

Perth-based explorer Burey Gold has tapped investors for an $11.6 million placement to fund ongoing development of its Giro project in Africa.

Fifteen local broking, legal and advisory firms have teamed up to put forward their concerns with the ASX's proposed changes to its listing requirements, and to advocate three particular amendments.

Shares in local explorer Burey Gold have skyrocketed on promising drilling results at its Giro project in Africa, with today's gains on top of a big jump before the results were announced.

Five Perth-based junior miners and explorers have announced plans to raise a combined $29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.

A new report has found listed exploration companies are focused increasingly on preserving their cash, as the sector grapples with regulatory rulings by the ASX and ASIC.

Mark Bennett has left the board of Independence Group to focus his attention on his gold exploration company S2 Resources.

Perth-based confectionary company Yowie Group has tapped investors for a $32 million capital raising to fund an expanded rollout of its product in the US market.

Strategic Minerals Corporation managing director Walter Martin has passed away.Mr Martin had been involved with the company since 1991.

Local broker Hartleys has managed a $3.5 million capital raising undertaken by a Melbourne-based company exploring for rubies in Mozambique.

Western Australian corporate leader Geoff Rasmussen passed away on Friday night after a long battle with cancer.

The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.

Local explorer Gascoyne Resources has tapped investors for a $15 million capital raising to fund ongoing work at two of its gold projects in Western Australia.

Pilbara Minerals has announced the biggest capital raising by a Western Australian company for 2016, which it will use to fund development of its Pilgangoora lithium project, while also announcing it will put its new Tabba Tabba plant on ice.

Five junior resources companies have completed a combined $16.4 million worth of capital raisings to fund ongoing work at their respective operations.

After nearly eight years of inactivity on the ASX, Michael Fotios's Eastern Goldfields could be reinstated as early as next month after announcing today its capital raising had closed oversubscribed.

Gold miner Beadell Resources has received commitments for a $50 million capital raising to fund exploration to build its mining inventory.

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.

SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.

Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.

Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.

Mineral sands explorer Sheffield Resources has raised $5 million for its Thunderbird project, and plans to bring in an additional $2 million via a share purchase plan.

The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia's history, and will also stretch the market lead of investment bank UBS, according to research by Business News.

Local explorers Burey Gold and Excelsior Gold a raising a combined $6.7 million to fund ongoing work at their respective gold projects.

Cardinal Resources has received firm commitments for a $5 million capital raising to fund ongoing work at its Namdini gold project in Ghana.

New gold mining projects under way or in advanced planning will collectively deliver more than 1 million ounces to production each year when operational.

Local oil and gas explorer 88 Energy has received firm commitments for a $12 million capital raising to fund ongoing work at its Icewine project in Alaska.

Atlas Iron managing director David Flanagan has described the results of the iron ore miner's capital raising as an immense vote of confidence in the business, despite achieving just less than half of its $180 million target.

Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.

Upwards of 130 corporate finance transactions worth more than $11 billion were announced in WA in the June quarter, but most notable was a handful of landmark M&A deals.

Altona Mining has signed a joint venture agreement with a Chinese construction group for its Cloncurry copper-gold project in Queensland, with the partner to contribute $US214.5 million ($A278.1m) towards the project.

Atlas Iron founder David Flanagan has resumed as the company's managing director, as the iron ore miner announced that its ambitious $180 million capital raising would be priced at just 5 cents per

Perth-based ferrotungsten miner Hazelwood Resources has kicked off a $12.8 million capital raising to repay debt and expand production at its ATC joint venture facility in Vietnam.