Perth-based Altona Mining has agreed to sell all of its Finnish operations and most of its exploration assets to Swedish miner Boliden Mineral AB for about $US95 million.
Perth-based explorer Zenith Minerals has acquired 51 per cent interest in Fitzroy Resources’ Rookwood project, with an option to purchase the remainder.
Shares in Perth-based Poseidon Nickel have risen 23.7 per cent after the company agreed to acquire Norilsk Nickel’s Black Swan project near Kalgoorlie for an undisclosed amount.
FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.
Perth-based oil and gas company Antares Energy has received a fresh $US300 million offer from an undisclosed party for its Permian Basin oil and gas assets in Texas, less than six months after it backed out of a previous sale agreement.
Norton Gold Fields is poised to succeed in its Bullabulling Gold takeover bid after the Perth explorer begrudgingly accepted the increased takeover offer of 8 cents per share.
Graphite and nickel exploration company Kibaran Resources has raised $3.1 million through a share placement, just months after it completed a similar placement in February.
Western Australian small-cap explorer Impact Minerals has announced a successful $2.59 million capital raising to fund drilling projects in New South Wales.
Perth-based online movie streaming and DVD rental provider Quickflix has completed a share placement and board restructure with the appointment of a new non-executive director and new corporate advisers.
Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.
Property giant Stockland’s hopes to snare rival Australand have been dealt a massive blow, with the takeover target agreeing to a $2.6 billion offer from Singapore.
Nedlands-based TFS Corporation has announced the purchase of an established Indian sandalwood plantation, with the purchase expected to boost its net profit as a result of a revaluation of the trees.
The Farooq Khan-led Bentley Capital has revealed that it received an $8.4 million offer from a mystery bidder for its stake in the ASX-listed cash shell Molopo Energy.
Rey Resources has entered into an agreement to raise $3 million which will fund a new well in the perth basin, as AWE also this week commenced drilling a new well in the same region.
Perth-based Moko Social Media is preparing to debut on the technology focused NASDAQ stock exchange in New York ahead of a $10 million capital raising.
Baosteel and Aurizon are set to take control of Aquila Resources after another major shareholder threw their support behind the $1.4 billion takeover deal.
Cradle Resources has tapped the investors to raise $3.6 million, while also receiving the first $US5 million tranche of payment as part of its divestment of a 50 per cent stake in its Panda Hill niobium project in Tanzania to Tremont Investments.
Perth exploration firm Hannans Reward has entered into a joint venture agreement with Reed Resources for 20 per cent interest in its Lake Johnston nickel sulphide project west of Norseman.
