Staff Reporters

PERTH-BASED uranium explorer Atom Energy Ltd has closed its initial public offer fully oversubscribed, raising $10 million to fund exploration of its Northern Territory tenements.

The Property Council is holding a breakfast seminar on how carbon affects property, June 27 at the Hyatt Regency.

Cleo Holdings Pty Ltd became a substantial shareholder with a relevant interest of 6,250,000 ordinary shares (9.73%).

CommodiTel Ltd increased its relevant interest from 97,836,521 ordinary shares (55.75%) to 100,018,374 ordinary shares (56.99%).

Lehman Brothers Prime Broker Nominees decreased its relevant interest from 189,280,438 ordinary shares (9.83%) to 113,817,041 ordinary shares (7.02%).

Advise that the Company has signed letter agreements with a group of 7 international institutions from the UnitedKingdom, China, Singapore, Australia and the USA to place 50,000,000 ordinary fully pai

THE Esperance Port Authority has appointed Chris Drinkwater as interim CEO, commencing on July 2.

Niagara Mining Ltd has appointed Robert Dennis as chief operating officer. Mr Dennis was most recently chief operating officer for Aditya Birla Minerals Ltd.

THE WEST AUSTRALIAN (BUSINESS NEWS HEADLINES)New PMA team take stock on vanadium

Mining giant BHP Billiton is reported to have revived plans for a $47 billion takeover of aluminium producer Alcoa.

Victoria Park's Balmoral Hotel has been purchased by Sydney-based ALE property group for $6 million, joining Fremantle landmark the Sail and Anchor and Highgate's Queens Tavern in the group's WA portfolio.

THE WEST AUSTRALIAN (BUSINESS NEWS HEADLINES)Mitsubishi poised on bigger Mid-West role

Cannington-based security technology group QRSciences Ltd has withdrawn its prospectus for a non-renounceable rights issue, three days after revising its offer to raise $9 million.

THE WEST AUSTRALIAN (BUSINESS NEWS HEADLINES)Merger talk fuels Woodside jump

THE WEST AUSTRALIAN (BUSINESS NEWS HEADLINES)Fogarty rules out wine sale to E&T

THE WEST AUSTRALIAN (BUSINESS NEWS HEADLINES)Clough warns of threat if bond paid

Illyria Pty Ltd ceased to be a substantial shareholder.

Cristal Australia Pty Ltd increased its relevant interest from 294,458,966 ordinary shares (32.7%) to 322,690,412 ordinary shares (34.29%).

CommodiTel Ltd increased its relevant interest from 90,692,453 ordinary shares (51.67%) to 94,751,826 ordinary shares (53.98%).

The Company’s name will be changed to Territory Resources Limited. The Company has asked the Australian Securities Exchange to reserve TTY as the listing code to be adopted following the name change.

Extraordinary General Meeting will be held at The Emerald Hotel, 24 Mount Street, Perth, Monday July 2 at 9.00am.

WEST Perth-based Rialto Energy Ltd has promoted its exploration manager, Brett Woods, to the role of chief executive officer.

NEDLANDS-BASED Visiomed Group Ltd has signed an agrement worth about $3 million with UK medical distributor Clinisupplies Ltd to supply its Funhaler paediatric asthma spacer to major pharmacy chains B

Four reappointments have been made to the board of the Kimberley Development Commission.

The WA Developer and Designer Priorities Conference is to be held on June 20 and 21 at the Rydges Hotel.

Barclays Global Investors Australia Ltd ceased to be a substantial shareholder.

Manifest Capital Management Pty Ltd became a substantial shareholder with a relevant interest of 10,605,044 ordinary shares (5.91%).

Barclays Global Investors Australia Ltd increased its relevant interest from 15,569,966 ordinary shares (7.94%) to 18,241,134 ordinary shares (9.26%).

Ospraie Management LLC decreased its relevant interest from 6,800,000 ordinary shares (6.26%) to 5,680,000 ordinary shares (5.23%).

Announce the placement of 4,000,000 ordinary new shares at 70 cents per share to two current long term key investors and some new investors to the Company.

Extraordinary General Meeting will be held at South Perth Yacht Club, Coffee Point, Applecross, on Thursday 5 July 2007 at 10.00am.

THE Western Australian Club has sold its four-storey building on St Georges Terrace for $8.9 million to private investors, Tony and Maria Priolo.