Deals

Perth-based Legend Mining has entered an agreement for the $17.5 million sale of its 90 per cent share in the Ngovayang iron ore project, in the Republic of Cameroon to Indian company Jindal Steel and Power.

West Perth explorer Azure Minerals has raised $2.1 million through a share placement as it looks to undertake further drilling at its Cascada and Promontorio projects in Mexico.

Energy Metals is seeking to raise $9.4 million for its Bigryli uranium and Ngalia regional prospects in the Northern Territory.

Tanami Gold has seen its share price plunge 34 per cent after announcing an $11.75 million entitlement offer underwritten by its largest shareholder, Allied Property Resources.

Octanex and Perth's Peak Oil and Gas are working towards a merger, with Melbourne-based Octanex underwriting a rights issue for of $1.94 million that will go towards working capital for Peak prior to the implementation of the deal.

Perth-based refrigerator and air conditioning provider AJ Baker & Sons has acquired South Australian company Hill Equipment & Refrigeration CO for an undisclosed sum.

Perth-based drug company Suda has raised $5.6 million to be used for its ArTiMist malaria treatment and other development products.

Oil and gas entrepreneur Peter Allchurch is set to become a major shareholder in Perth company TW Holdings after striking a deal to sell a Texas shale oil project to the listed company.

Charter Hall has secured an industrial site in Bibra Lake for $22.6 million, in the largest industrial land deal of the financial year to date.

More than a decade after it exited the cinema advertising market in Western Australia, national media group Val Morgan has returned with the acquisition of local agency CineAds.

Property executives were the big movers in this year’s Wealth Creators list, while the resources slowdown put the hurt on mining services directors’ fortunes.

The liquidators of timber plantation assets formerly owned by collapsed managed investment scheme Great Southern may have found a buyer for the assets, with an investment trust managed by Sydney-based company New Forests agreeing to purchase the plantations.

Gina Rinehart's Hancock Prospecting is set to boost its stake in oil and gas explorer Sun Resources, agreeing to invest a further $2 million in the company in exchange for around 65 million shares.

Drilling contractor Swick Mining Services is planning to invest up to $6.5 million in a Swedish mineral analysis technology company as it looks to turn around its performance.

Atrum Coal has completed an $18.5 million equity raising as it looks to accelerate development at its Groundhog anthracite project in Canada.

MZI Resources has completed a $5 million equity raising, with international private equity group Resource Capital Fund boosting its stake in MZI to just less than 15 per cent.

Tiger Resources has bolstered its finances with a $42.5 million capital raising as it works towards commissioning its Kipoi copper project in the Democratic Republic of Congo.

Shares in West Leederville-based Glory Resources have soared on the back of the gold explorer receiving a $30.5 million friendly takeover offer from Canadian miner Eldorado Gold.

Sirius Resources has raised around $83.5 million through a share placement as it works towards the development of its Nova-Bollinger project.

Subiaco-based uranium explorer Black Range Minerals has announced it will pay US$10 million to acquire Canadian miner Uranium One's Shootaring Canyon mill in the US.

Como-based gold miner Medusa Mining will seek to raise up to $25 million through a share placement to institutional investors.

National private equity group Catalyst has made its second acquisition in Western Australia, buying frozen foods manufacturer Vesco and announcing plans to merge it with an east coast food business

Shares in listed oil and gas explorer Jacka Resources closed the day's trade more than 14 per cent higher after the company announced it had secured a convertible facility worth up to $5.5 million.

Base-metals company Ventnor Resources has announced a joint venture with

Perth-based investment group Bentley Capital has launched a $2.3 million unconditional on-market takeover offer for South Australian minerals explorer Marathon Resources.

Rare earths explorer Northern Minerals struck a 50 per cent offtake agreement with Japanese trading giant Sumitomo Corporation last December – but it was nine months before the deal was announced. The timeframe is indicative of the measured approach taken by the Japanese, according to Northern Minerals managing director George Bauk.

Chinese interest in Australian property and resources may be in the spotlight, but Japan still has a significant foothold, particularly in WA.

Perth-based stockbroking firm Hartleys has largely maintained its profitability in challenging conditions - a feat that few, if any, of its competitors managed to achieve in the 2013 financial year

Environmentally-friendly cleaning products supplier ENJO has teamed with corporate advisory firm Azure Capital to embark on an expansion of its business to the United States.

Sundance Resources has signed agreements to raise $40 million from a consortium of investors as it looks to progress its Mbalam-Nabebe iron ore project in West Africa.

Adelaide-based company Minotaur Exploration has acquired 91 per cent of Perth-based Breakaway Resources in an off-market takeover.

Perth-based explorer Australian American Mining Corporation has announced further capital raising plans as it looks to bring its American copper interests to production.