Sternship Advisers

Mincor Resources will bring a halt to its gold operations by September, having last month announced a capital raising to facilitate the restart of its Kambalda nickel project.

Pacific Energy has entered a takeover deed with investment group QIC, with major shareholder Kenneth Hall set to reap more than $200 million from the deal.

Silver Lake Resources is set to acquire EganStreet Resources in a scrip deal worth $52 million, as the gold miner seeks to bolster its Deflector operations with a new ore source.

Northern Star Resources has announced a $193 million takeover offer to acquire Echo Resources, less than an hour after executive chairman Bill Beament said the company was exploring a range of growth options to take advantage of the high gold price.

Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.

SPECIAL REPORT: The September quarter update to the BNiQ deals database shows that UBS, Sternship Advisors and Azure Capital have been the most active corporate advisers in the Western Australian market.

Privately-owned contractor GenusPlus Group has completed its fifth acquisition in the space of two years, confirming today it has bought EC&M out of administration with plans to retain a small group of key staff to help rebuild the business.

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

Kalium Lakes has formally launched a heavily discounted share placement and rights issue to raise up to $61 million, with the funds to cover an overrun in capital costs at its Beyondie potash project in Western Australia.

Subiaco-based Perseus Mining is set to gain control of a potential new gold project near its Sissingue mine after announcing a friendly takeover bid for Exore Resources in a scrip deal worth around $60 million.

Stockbroking firm Hartleys has confirmed it is in advanced merger discussions with listed rival Euroz. If the merger proceeds, it would add to a string of changes among Perth’s top corporate finance dealmakers.

IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.

Perth dealmakers Tim Day and Rob Hamilton are looking to support the next generation of growth businesses after merging their firms.

Wangara-based contractor Duratec has launched Western Australia’s largest initial public offering this year, adding to a flurry of WA companies aiming to list on the ASX.

Shares in Northern Star Resources and Saracen Mineral Holdings rose strongly today after they announced a merger to create a top 10 global gold producer with a market value of $16 billion.

Perth-based power and telecommunications contractor GenusPlus Group has listed on the ASX, following a successful initial public offering that valued the company at $148.6 million.

Listed tech company CV Check is poised for faster growth after acquiring Perth firm Bright People Technologies, bringing together two pioneers in workforce management software.

Wangara business Dynamic Drill and Blast expects to add about $30 million to its full-year revenue, following the acquisition of fellow contractor Orlando Drilling.

Northern Star Resources has sold a large portion of its Kalgoorlie operations to Evolution Mining on the same day it appointed Stuart Tonkin as the goldminer’s new managing director.

Bill Beament-led Develop will pay up to $100 million for Heron Resources and the Woodlawn copper-zinc mine in NSW, seven months after the developer went into administration.

Perseus Mining has struck a friendly $C219 million deal to acquire full ownership of Canada’s Orca Gold Inc, which owns 70 per cent of a development project in Sudan.

Boss Energy is hoping to garner $125 million from investors to bring the company’s Honeymoon uranium project into production.

Poynton Stavrianou has laid claim to being Perth’s largest fully-independent investment bank after appointing a new director and reporting growth in its operations.

Genesis Minerals is set to acquire WA gold miner Dacian Gold in a scrip deal valuing the target at $111 million, with non-executive director Nev Power to resign should the purchase go ahead.

Dynamic Group has moved on its second deal since listing two years ago by laying plans to acquire specialist water well drilling company Welldrill.

Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.

ASX-listed explorer Ardiden has sold off its interest in a lithium joint venture to partner and investee company Green Technology Metals in a deal worth up to $18.5 million.

Genesis Minerals boss Raleigh Finlayson has locked in another part of his ambition to consolidate the Leonora region after striking a deal to buy neighbouring gold company St Barbara.

A joint venture between Tianqi Lithium and IGO has acquired an early-stage growth opportunity by striking a deal to purchase ASX-listed explorer Essential Metals.

Corporate advisory business Sternship Advisers and law firms Corrs Chambers Westgarth and Hamilton Locke lifted their market shares in 2022.

Mincor Resources has told investors to accept a $760 million cash offer on the table from Andrew Forrest’s Wyloo Metals in the absence of a superior proposal.

Mineral Resources has taken up a substantial stake in ASX-listed Essential Metals, a lithium explorer currently in the crosshairs of Tianqi Lithium and IGO.

Develop Global has lined up a $150 million scrip deal to buy lithium junior Essential Metals, after securing the backing of major shareholder Mineral Resources.

Raleigh Finlayson-led Genesis Minerals has made an improved offer to secure the remaining shares it doesn’t already own in Dacian Gold, a dormant goldminer key to plans for the region.

Ora Banda Mining has struck a $26 million joint venture and farm-in agreement with conglomerate Wesfarmers for its lithium mining rights at its Goldfields foothold.

Genesis Minerals has paid $53 million for two gold projects under a deal with Kin Mining, adding to the mid-tier goldminer’s consolidation of assets in Leonora.

Spartan Resources has announced it will raise $80 million to further accelerate exploration activities and development of its Dalgaranga gold project, located 475km north-east of Perth.

Copper play Metals Acquisition Limited has launched a $140 million placement which it says could aid inorganic growth opportunities.

London-based Central Asia Metals has struck an $185 million agreement to buy ASX company New World Resources, led by Perth-based chairman Richard Hill.

Greatland Gold has announced a small capital raising and a big selldown by major shareholder Newmont ahead of the $3.5 billion miner’s listing on the ASX.