Deals

Metals X has acquired Kidman Resources’ Gunga gold project near Kalgoorlie in a deal worth up to $2.5 million.

Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million.

Western Areas and Panoramic Resources have announced plans to raise a combined $80.7 million from investors to continue work at their respective nickel operations in Western Australia.

The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings. Click through to see the multiple WA businesses owned by members of the Kailis family in WA. 

The chairman of Frankland River Olive Company looks set to wholly acquire and privatise the business, after Paul Letari increased his shareholding to over 90 per cent.

OTOC has further grown its presence on the east coast with the acquisition of a Sydney-based land surveying firm for $4 million in cash and shares.

Local explorer Salt Lake Potash has received commitments for an $8.4 million capital raising to fund ongoing work at its Lake Wells sulphate-of-potash project north of Laverton.

China's largest private gas company, ENN Group, is set to become Santos's biggest shareholder after agreeing to buy an 11.7 per cent stake in the Australian energy giant.

North Fremantle-based Carnegie Wave Energy has acquired a 35 per cent stake in solar power and lithium battery storage provider Energy Made Clean through a $4.5 million investment.

Danakali has tapped investors for a $5.5 million capital raising to fund work at its Colluli potash project in Africa.

Perth-based Bone Medical has made a second attempt at a backdoor listing, today announcing plans to acquire a US dermatology company and adopt its business model.

Local waste management firm Tox Free Solutions is expanding its east coast presence with the acquisition of Worth Corporation for $70 million.

Perth-based Palace Resources is one step closer to becoming a tech company, after completing a $4.5 million capital raising as part of a reverse takeover of TikForce.

Nine Entertainment has taken a 9.99 per cent stake in regional broadcaster Southern Cross Media, in the first of many moves expected in the sector as players position themselves ahead of a likely change in ownership rules.

Investment banking giant Credit Suisse has dealt a blow to the state government’s hopes of a big windfall from the privatisation of Western Australia’s TAB, revising its value estimate down by at least 65 per cent to under $250 million.

Flinders Mines shares have surged after the Pilbara focused iron ore junior received a $38 million takeover offer from private New Zealand company Todd Corporation, which last year offered to buy Flinders' major project.

Shares in TW Holdings slumped sharply today after it announced a backdoor listing of medical cannabis company AusCann Group Holdings, the second deal of this type involving members of the Washer family.

Logistics firm QUBE Holdings has raised $250 million through a rights share placement to institutional investors as part of its fund raising related to the Asciano acquisition.

Shares in Platypus Minerals were down more than 31 per cent today as the company announced a $10 million deal to buy Belmont-based lithium explorer Lepidico.

The Pacific National rail business and the Patrick container terminal business are set to come under new ownership after Asciano agreed to a $9.05 billion takeover deal that is designed to sidestep regulatory concerns.

Troy Hayden will step down from the helm of Tap Oil as the company swings the axe on jobs and operations so it can meet its now-restructured debt repayment obligations.

Local tech company iWebGate has signed a $US8.6 million ($A11.4 million) funding deal with an entity managed by US-based Lind Partners to help grow its business.

CBH Group is planning to launch a full review of its cooperative structure after formally rejecting a proposal from Australian Grains Champion to corporatise and list the business on the ASX.

Western Areas founder Terry Streeter has emerged as a major shareholder in nickel and gold explorer St George Mining, after participating in a $2.13 million capital raising.

Gold hopeful Blackham Resources has tapped investors for a $20.3 million capital raising to fund ongoing work at its Matilda project near Wiluna.

Shares in West Perth-based Drake Resources have doubled in value on news the company is planning to exit the resources industry by acquiring an Israeli tech company for $11 million.

Grower feedback has led the Australian Grains Champion to remove two clauses from its proposal to corporatise CBH Group, with the consortium continuing to criticize the CBH board’s handling of the matter.

Local company Talisman Mining has tapped investors for a $16.7 million capital raising to fund ongoing exploration at its Springfield copper-gold project in the Murchison region.

Gold hopeful ABM Resources has restructured its board and initiated a capital raising and debt facility agreement as it progresses its Tanami tenements in the Northern Territory.

Local tech firm Shark Mitigation Systems has launched a prospectus for a $4 million IPO, while two other WA companies have revised their plans for backdoor listings.

Offshore oil and gas services firm Aecor Group has expanded through the acquisition of industrial rope access and inspection company Vertical Services.

Perth-based financial services provider Pioneer Credit has acquired an online mortgage broking company for an undisclosed sum.