Veteran stockbroker John Featherby has been dragged into a public probe by the liquidator of his son Nathan's failed iron ore royalties play Ochre Group Holdings.
Perth-based coal miner Ascot Resources has received commitments from global commodity trader Gunvor Group for a $5 million equity capital investment in its $11.2 million raising.
Ascot Resources has agreed to acquire the Wonmunna iron ore project from Ochre Group, which, in return, will receive a majority stake in the previously coal-focused company.