Octanex and Perth's Peak Oil and Gas are working towards a merger, with Melbourne-based Octanex underwriting a rights issue for of $1.94 million that will go towards working capital for Peak prior to the implementation of the deal.
In the first of a quarterly series on executive remuneration, we find that listed companies of all sizes have started cutting chief executive salaries but are still designing packages that offer plenty of upside.
Western Australian firms Raisama Energy and Southern Gold have seen their share prices plunge on the Australian Securities Exchange after announcing capital raising plans to raise a combined $8.8 m
West Perth-based Raisama today sold its Kashkasu II uranium project to China's Hebei Mining for $1.5 million as part of a move to increase its focus on the oil and gas sector.
WESTERN Australia's initial public offerings market is continuing to show signs of strength after a hot close to 2010, with four WA-based minerals exploration companies looking to join the Australian Securities Exchange next month after lodging prospectus
Uranium explorer Raisama has received regulatory approval for a Chinese state-owned firm to take a 14.9 per cent interest, ahead of a $12 million initial public offer expected to be launched within two weeks.
