Morgans Financial

Otto Energy has tapped investors for $20 million, with the proceeds set to be spent on drilling programs across the company’s projects.

Medical tech company ResApp Health has announced a $7.5 million capital raising as it moves to commercialise its smartphone app, which aims to diagnose and manage respiratory diseases.

Blackham Resources has announced a fully underwritten renounceable entitlements issue to raise $25.8 million, of which $10 million will be used to pay debts owing to contractor MACA and The Lind Partners.

North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.

Listed companies Battery Minerals, Cassini Resources and First Graphene have completed share placements, with the proceeds to help fund their projects in the battery metals sector.

Strandline Resources has raised $5.5 million via a share placement, with the proceeds set to advance its Coburn mineral sands project.

Oil and gas explorer Whitebark Energy and uranium-focused Toro Energy are seeking to advance their respective projects with equity, with Whitebark completing a share placement and Toro launching a share purchase plan.

Gold and copper hopeful Stavely Minerals has tapped investors for $19.6 million via a share placement, as it seeks to take advantage of its surging share price to advance its exploration projects.

West Perth-based Vimy Resources has announced commitments to raise $3.9 million through a share placement and up to $3 million through a share purchase plan to fund the development of its uranium projects in Western Australia and the Northern Territory.

Ocean Grown Abalone is seeking to raise $2.9 million through a one-for-eight rights issue to progress the feasibility and development of its Esperance hatchery and grow-out project in Western Australia.

The corporate regulator has strongly criticised company directors and lead managers involved in mining IPOs, saying they often have conflicts of interest, favour select clients and are focused on chasing short-term gains.

Whitebark Energy has acquired full ownership of its Wizard Lake project, following a successful $5 million capital raising to consolidate and fast track the project’s development.

Nickel miner Panoramic Resources has reported a 72 per cent take-up by shareholders for the retail component of its underwritten $32.7 million entitlement offer, helped by support from major shareholder Zeta Resources.

The ASX has launched a technology index with 46 constituent companies and while several, such as Nearmap and ResApp Health, have a WA connection, none are based in Perth.

Mineral sands company Strandline Resources is raising $6.5 million through a share placement and fully-underwritten rights issue to accelerate work at its flagship Coburn project in Western Australia.

Australian Finance Group has announced a capital raising to strengthen its financial position ahead of an expected softening of the housing loan market and to support the growth of its subsidiary AFG Securities.

Kalium Lakes has formally launched a heavily discounted share placement and rights issue to raise up to $61 million, with the funds to cover an overrun in capital costs at its Beyondie potash project in Western Australia.

Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.

The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.

A $5.1 million capital raising by Alto Metals has been delayed after its bidder Habrok Mining submitted an application to the Takeovers Panel.

Stavely Minerals says it will use $28 million raised to progress the company’s flagship copper-gold project in Victoria, while Lion One Metals has sought funds for its Fijian gold project.

Strandline Resources has made further progress on its mineral sands project in Western Australia, having launched an $18.5 million capital raise to begin early construction works.

UK-based engineering firm SRJ Technologies is planning to list on the ASX next month after launching an $8 million initial public offering.

New Zealand-focused explorer Siren Gold has had a positive start to its ASX debut, with the company’s share price soaring 80 per cent.

Perth-based Battery Minerals is raising $5.5 million from a share placement to explore its recently acquired copper-gold tenements in Victoria.

West Perth-based waste-to-energy company Delorean Corporation plans to list on the ASX in April after raising $14 million from an initial public offering.

Strandline Resources will ramp-up construction of its $260 million Coburn mineral sands project in WA using funds raised from a share placement and rights issue.

Renewable energy generator and retailer Delorean Corporation has more than doubled its share price on its first ASX trading day.

Western Australian exploration and mining company Iceni Gold has made a promising start to its first day of trading, with shares almost 50 per cent higher than the issue price.

Zenith Minerals has secured funds from a share placement to ramp-up its gold and copper exploration activities in Western Australia and Queensland.

Poseidon Nickel has raised funds to progress the restart of its Black Swan mine and processing plant in WA as well as continue exploration activities.

Cleantech business Hazer Group and marine technology manufacturer VEEM have raised a combined $13 million from share placements to fund research and development initiatives.

Potash player Kalium Lakes has deferred its debt repayments as part of a financial restructure that includes the company launching a heavily discounted share placement.

NSW-based challenger telco Swoop is headed back to investors as it seeks to continue its recent spate of acquisitions since listing on the ASX in May.

Subiaco-based Auroch Minerals is set to spend funds raised from high-net worth investors to fund base-metal exploration campaigns across Western and South Australia.

Gold and base metals aspirant Orange Minerals made a subdued ASX debut, closing its first trading day up half a cent on its 20 cent IPO price.

Arrow Minerals managing director David Flanagan was suitably impressed when he visited the Simandou North Iron project in Guinea earlier this year and saw so many drill targets.

Biotech company PharmAust has announced it will raise $10 million, alongside a $2 million share purchase plan.

James Clement-led Vysarn has completed its second acquisition in as many weeks, after entering a binding share sale agreement to buy Victoria-based CMP Consulting Group.

East Perth-based Intelligent Monitoring Group has announced plans to expand its Western Australian footprint, after filing documents to acquire Data Visual Link.