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.
Perth-based explorer Australian American Mining Corporation has announced further capital raising plans as it looks to bring its American copper interests to production.
Canning Vale based medical and emergency services provider Hostile Environment Services has stepped up its growth strategy after agreeing to sell 55 per cent of its business to Europe's largest private ambulance service provider, Falck.
West Perth-based junior Avanco Resources has completed an $18.1 million share placement as it looks to fast-track development of its Pedra Branca copper project in Brazil.
Perth based stockbroking firm Patersons Securities is punting on investors’ emerging appetite for biotech stocks, agreeing to underwrite New Zealand biopharmaceutical company Innate Immunotherapeutics’s $16.5 million initial public offering.
Subiaco-based miner Attila Resources says it is fully funded to move towards a final development decision on its Kodiak coking coal project following the completion of a $7 million capital raising.
The Brian Gilberston-led Jupiter Mines plans to seek a delisting of its shares from the Australian Securities Exchange, after its major shareholder lifted its stake in the business.
The past year has been tough for listed WA companies looking to raise funds but a lift in activity during the past three months has the industry cautiously optimistic.
The sale of 16 private businesses worth an estimated $500 million helped to sustain activity in what was otherwise a depressed market for mergers and acquisitions in the September quarter in Western Australia.
Perth investment house Argonaut has seen its annual profit and revenue drop following what it described as a period of substantially reduced activity in equity capital markets and mergers and acquisitions.
Listed corporate finance firm Euroz has announced a management shuffle in its stockbroking subsidiary, with the current head of institutional dealing, Rob Black, appointed as managing director.
Perth-based explorer Australian-American Mining Corporation has received a $10 million debt finance term sheet from a private lender as it seeks to bring its American copper interests to production.
Healthcare technology company Allied Healthcare Group will seek to raise $10 million as it looks to launch its CardioCel regenerative tissue patch in Europe.
Galaxy Resources says it is back on track to pursue the development of its flagship mine, with its Jiangsu processing facility on course to break even this year, and a further $1.1 million in cost
Information technology group Empired has agreed to acquire Melbourne-based IT consulting service provider OBS for $15 million and has also announced a major contract with an unnamed resources company.
GR Engineering has joined the share register of one of its major clients, Mutiny Gold, receiving more than $748,000 worth of stock as consideration for engineering works.
IMX Resources has taken a major step towards making the transition from explorer to producer, announcing today a $US60 million joint venture exploration agreement with Hong Kong resources group MMG
Health insurer HBF is on track to grow its newly acquired Friendlies Pharmacies network to 60 stores, after becoming the parent company to the pharmacy franchise in April.
Leaders of three top performing businesses in vastly different sectors say growing organically has been key to successfully expanding their businesses, rather than mergers and acquisitions, which come at a higher cost and with more risk.
Galaxy Resources says it is poised to pursue its debt reduction strategies after securing an additional $20.3 million through a shortfall placement, taking its total capital raising up to $37.5 million.
Western Australia's prized AAA credit rating was cut today, with ratings agency Standard & Poor's criticising the Barnett government's "limited political will" to improve its budget.
