Small companies hoping to list on the stock market are facing tougher conditions, with more than a dozen announced deals in Western Australia hitting problems this year and the ASX foreshadowing tighter regulation of new deals.
Gleneagle Gold will make a second attempt at a reverse takeover with plans to buy a local unlisted medical cannabis company in a deal worth about $8 million.
Former gold explorer International Goldfields has become the fourth Western Australian company to move into the cannabis industry, with the acquisition of Uruguayan business Winter Garden Biosciences.
International Goldfields managing director and chief executive officer Travis Schwertfeger has been appointed to the board of Alicanto Minerals, to take up the role made vacant by the departure of
The lack-lustre equity market has resulted in International Goldfields failing to sell off its only Australian asset and settling for a farm-in agreement.
International Goldfields non-executive chairman Tony Sage and non-executive director Bernard Aylward have resigned from the board, following the recent divestment of the company's West African asse
The state Liberal party has been the main beneficiary of donations from Western Australian business over the past year, new campaign finance data reveals.
Tony Sage's International Petroleum, formerly International Goldfields, has completed a $30 million capital raising and will now move ahead with the acquisition of Eastern Petroleum Corporation.
West Perth-based Nkwe Platinum has raised $11 million that will settling the acquisition of International Goldfield's interest in a South African platinum project.
Australian companies Nkwe Platinum Limited and International Goldfields Ltd have issued statements playing down speculation they were planning to complete a deal over some of their African platinum projects.
Leederville-based International Goldfields Ltd will sell its Evanston gold projects to Polaris Metals NL spin-off Southern Cross Goldfields Ltd for $900,000, the company has announced.
Leederville-based International Goldfields Ltd has received $2.5 million in the first tranche of Monarch Gold Mining Company Ltd's $5 million purchase of the Mt Ida gold mine.
Leederville-based International Goldfields Ltd has re-launched its $3 million share and options offer to invited investors, raising funds for the development of the company's Mt Ida gold project.
