Perth based hydrocarbon production firm Antares Energy has announced it intends to place 9.75 million convertible notes at an issue price of $2.00 per note to raise $19.5 million.
Aquila Resources’ share price has stabilised at just below its $3.40 per share takeover offer, indicating the market is backing Baosteel and Aurizon to succeed with their $1.4 billion takeover.
Perth gold exploration firm Enterprise Metals has completed a capital raising of $1.2 million, which was achieved through the placement of 24 million shares valued at 5 cents per share.
Perth-based Safety Medical Products is focusing its activities back in the medical sphere, signing an agreement to acquire an unlisted 3D printing company six months after backing out of a deal to purchase a gold exploration project in Brazil.
Nickel and gold explorer Duketon Mines has outlined plans for a $6 million initial public offering in what will be just the second float by a Western Australia-based resources company this year.
Property services and engineering company UGL has clarified that it intends to return surplus net proceeds from the sale of DTZ to shareholders following completion of the transaction and after the pay down of debt.
Westfield will leave its Australian shopping centres behind in search of growth opportunities overseas after winning a tough shareholder battle over its $70 billion restructure.
Stockland boss Mark Steinert has indicated the company may not increase its $2.5 billion bid for rival property developer Australand to match a higher bid from Singapore.
A major shake-up in the national child care industry has resulted in the owners of five Western Australian chains reaping an estimated $150 million from the sale of their businesses this year.
Perth exploration company Black Range Minerals intends to raise $2.1 million in capital through a placement and share purchase plan to fund its offshore projects.
Baosteel and Aurizon look set to gain control of Aquila Resources after the iron ore hopeful rejected a takeover proposal from Mineral Resources, and instead recommended its shareholders accept the current $3.40 per share offer.
Nedlands-based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields’ increased takeover offer of 8 cents per share to obtain a 30 per cent interest in the company.
Perth exploration company Bauxite Resources has announced a return of about $9.3 million to shareholders, which has jumped the company’s share price by 12 per cent.
Blackham Resources has received commitments for $2.2 million through a placement of 10.5 million shares at 21 cents to sophisticated and professional investors.
SAE Institute Group, a subsidiary of Perth-based education services provider Navitas, has entered into an agreement to acquire 100 per cent of California-based creative media school Ex’pression College for US$13 million.
Perth-based City Farmers has been sold for $205 million, just nine months after managing director Clayton Hollingsworth struck a deal for Quadrant Private Equity to pay $93 million for a major stake in the pet care retailer.
Tiger Resources has raised $20 million via a share placement earmarked for the expansion of its Kipoi copper mine in the Democratic Republic of the Congo.
In the latest twist for takeover target Aquila Resources, suitor Baosteel said it would not increase its $1.4 billion offer for the iron ore developer and that it would reconsider its 20 per cent shareholding in the company if the bid was unsuccessful.
Metals X has been forced to increase the price it is paying for Reed Resources' Meekatharra gold project to $9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors meeting on Thursday.
Nexus Energy appears headed for voluntary administration after shareholders almost certainly rejected a takeover by Kerry Stokes's Seven Group Holdings.
Mineral Resources announced today that it plans to use its 12 per cent stake in Aquila Resources to push for a role building and operating the proposed $7 billion West Pilbara iron ore project.
Kresta Holdings’ major shareholder, China-based Aplus, has outlined plans to acquire the Malaga-based company just six months after buying a large interest in the group.
May was a stagnant month for the Deloitte WA index with the market capitalisation of Western Australia listed companies increasing by only 0.3 per cent to close the month at $153.6 billion.
