Pacific Energy has strengthened its position in the remote power market by striking a deal to acquired Kewdale-based Contract Power Group for $90 million in cash and shares, adding to its existing operations through subsidiary Kalgoorlie Power Systems.
Auris Minerals chairman Bronwyn Barnes has disclosed that some of the people seeking to oust her had been negotiating a farm-in proposal last year without the knowledge of the company’s board.
Australis Oil & Gas has tapped investors for $39.2 million, with the proceeds to allow for drilling to commence at the Tuscaloosa marine shale later this year.
Graphite explorer Graphex Mining has raised $2.5 million to fund an updated feasibility study and complete finance and offtake arrangements at its Chilalo project in Tanzania.
Indonesian group Eastern Field has taken control of Finders Resources, five months after announcing its takeover deal, which values the copper miner at about $177 million.
West Perth-based Beadell Resources has announced plans to merge with a Canadian mining exploration firm to create a dual-listed company on the ASX and the TSX venture exchange.
Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue
Western Australia-based employee management platform Definitiv has secured a seven-figure investment from a Singapore-based consultancy firm, which now has minority stake in the Perth technology business.
Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.
Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.
The wife of CV Check founder Steven Carolan has sold a 16.2 per cent stake in the business in an effort to improve liquidity and allow new investors into the company.
Shares in Altura Mining, which is on the brink of lithium production, jumped this morning after the $770 million company confirmed it was in discussions with its largest shareholder in relation to a potential control transaction.
Security services provider Threat Protect Australia has continued with its acquisition growth strategy, purchasing a South Australian security monitoring business for about $8 million.
Two local tech companies have raised more than $5 million, with medical firm Proteomics International Laboratories securing $3.4 million via the exercise of options.
Local tech company Sky and Space Global has tapped investors for $10 million and has launched a $5 million share purchase plan, with funds to be spent on the design and construction of its first batch of nanosatellites.
Surveying company Veris has announced it will purchase east coast-based advisory services firm Elton Consulting in cash and scrip for an initial outlay of $12 million.
The Takeovers Panel has dismissed an application from Indonesian group Eastern Field Developments regarding its takeover target Finders Resources, with the panel determining that appropriate action has been taken by the company in relation to its Wetar project.
Gulf Manganese Corporation has secured a $15 million funding package, led by an Indonesian investment group, to complete construction of the company’s first two smelters at its Kupang smelting hub in West Timor.
Image Resources has launched a $25 million capital raising that will contribute to the construction of its Boonanarring mineral sands project near Gingin, which is targeting production by the end of the year.
High Grade Metals is pleased to announce that on 26 February 2018 it completed the acquisition of the issued capital of Austrian Projects Corporation Pty Ltd (ACN 622 432 428).
Indonesian group Eastern Field Developments has increased its stake in Finders Resources as the major shareholder pursues a hostile takeover of the copper miner valued at around $177 million.
Gold hopeful Egan Street Resources has secured $11.9 million of funding via the exercise and underwriting of the company’s listed options, with the proceeds to be used at its Rothsay project.
Gold miner Northern Star Resources has agreed to purchase the South Kalgoorlie mine from Westgold Resources in a cash and scrip deal worth $80 million.
Mitsui & Co has announced its $602 million takeover offer for AWE will be unconditional if the Japanese company acquires more than a 50 per cent stake before March 14.
Cutting-edge gene research could be lost to China unless local investors stump up to keep it in Australia, according to Grant Morahan from the Harry Perkins Institute of Medical Research.
Copper explorer MOD Resources has tapped investors for $18.3 million, with the proceeds set to be used on exploration work at its T3 and T20 Dome projects in Botswana.
Lithium Australia has secured an $18.2 million funding package from US institutional investor Arena Investors LP via a multi-tranche convertible note facility, with the proceeds to be spent on developing a lithium processing pilot plant.
