Deals

A Perth based digital healthcare startup, ResApp Diagnostics has signed a heads of agreement to be fully acquired by Adam Sierakowski’s Narhex Life Sciences.

Shares in Perth-based White Cliff Minerals have slumped on news it had signed a $US4 million funding agreement with New York-based investment firm Magna Equities to accelerate exploration at its Australian and Kyrgyz projects over the next two years.

Shares in Poseidon Nickel surged by over 10 per cent after it announced an offtake agreement with BHP Billiton Nickel West.

Perth-based Altona Mining announced the completion of its $US95 million Finnish assets sale to Swedish miner Boliden Mineral AB and has received $US89.2 million in cash as the first tranche of payment.

West African-focused gold explorer Predictive Discovery plans to raise up to $1.85 million for further exploration, through a placement and a rights issue backed by its biggest shareholder.

Wesfarmers says it will raise about $864 million through a bond issue under its Euro Medium Term Note program.

Rare earths producer Lynas Corporation has announced an $83 million capital raising to help replenish its crippled cash balance.

Range Resources has secured a US$15 million loan from John Hancock-advised Lind Partners to accelerate development drilling of Range’s Trinidad onshore assets.

Peak Resources has secured a $28.6 million funding deal with mining and metals equity investor Appian Natural Resources Fund, to assist in financing a bankable feasibility study at its Ngualla rare earth project in Tanzania.

Shares in Perth-based metals explorer Peel Mining have surged on news it would receive up to $7 million through a farm-in agreement with Japan Oil, Gas and Metals National Corporation.

Perth-based explorer Gold Road Resources has received commitments for a $23.2 million capital raising, with the company keen to further explore gold targets identified within its tenement holding on the Yamarna Belt.

BHP Billiton is teaming with Mexican oil company Pemex in a bid to develop deepwater petroleum reserves in the Gulf of Mexico.

Asia-focused social entertainment platform migme has announced a partnership with Universal Music Indonesia; following migme’s August backdoor listing to the ASX in a reverse takeover of Latin Gold.

The competition watchdog has cleared the way for an Asian consortium to buy Australia's biggest foodmaker, Goodman Fielder.

Junior miner Jameson Resources says it has received firm commitments for a $2 million capital raising to fund work at its flagship Crown Mountain coking coal project in British Columbia.

St George Mining has completed a capital raising of $1.75 million to sophisticated investors.

The Singapore bidder for Australand will wrap up its takeover of the property developer by snapping up the remaining batch of securities it does not already own - a deal that thrusts the combined entity's Western Australian operations into the top 10 land developers.

WA Insolvency Solutions has announced a merger with national insolvency accounting practice Jirsch Sutherland, with the six WA offices continuing to trade under their existing name.

Chinese private investor Australia Kengkong Investments Co could own a 45 per cent stake in Perth-based VDM Group and secure a seat on its board, as part of a $10 million convertible loan agreement announced today.

Rubber recycler and manufacturer Reclaim Industries says it will raise $2 million to provide funding for its proposed $3.8 million takeover of cloud-based recruitment business Skills Connect and has placed a formal share sale agreement to the company.

Electric and motor scooter manufacturer and distributor Vmoto says it will purchase Nanjing Haiyong Electronic Technology for an undisclosed amount, overwriting an earlier proposal to enter into a joint venture arrangement with the China-based tech firm in October last year.

Perth explorer Buru Energy has received a $20 million backing by Gordon Martin’s Coogee Chemicals in its $40 million capital raising to fully fund its 2015 work portfolio.

Radar Iron and Victory Mining have struck a deal to raise a total $5.5 million to fund the $2.9 million debt repayment for the acquisition of Radar’s Yerecoin project.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.

Private equity players are at the heart of a second major Perth-based food franchise deal within 12 months, with Malaysian private equity firm Navis Capital Partners reacquiring a majority stake in Dome Coffees at a price estimated to be at least $50 million.

Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty’s investment vehicle, has accepted BC Iron’s $256 million takeover bid for IOH.

Two Perth-based minerals explorers announced today that their placements had received commitments from investors, worth a combined $3.6 million in total.

Cardinal Resources has completed its bid for $900,000 of capital from sophisticated and professional investors, with additional rights issue shares yet to become available to eligible shareholders.

Wesfarmers-owned Coles has received approval from the Australian Competition and Consumer Commission for its proposed acquisition of three Metcash-owned Progressive Supa IGA supermarkets, but is yet to make a decision on the fourth.

Shares in iron ore and steel maker Arrium have dived more than 38 per cent in response to its $754 million capital raising.

Neon Energy chairman Alan Stein has warned the company’s shareholders against taking any action towards a takeover bid it received earlier in the month.

King River Copper has announced it would seek to raise $900,000 for further exploration of its Kimberley tenements, with phase two of its drilling expected to recommence next week.