Andrew Hobbs

Cervantes Seafood to raise $1.5m in recapitalisation offer

Lobster exporter Cervantes Seafood Ltd aims to raise $1.5 million through a placement and share offer to recapitalise the company and allow it to recommence trading on the Australian Stock Exchange.

BBI denies Tricom link in Alinta takeover bid

Sydney-based investment firm Babcock & Brown, the preferred bidder for Alinta Ltd, has denied any working relationship with Tricom Holdings in respect to the offer, despite market speculation to the contrary.

New World Alloys raises $1.9m in rights issue

West Perth-based mineral exploration company New World Alloys Ltd has raised $1.9 million from a $2.9 million renounceable rights issue for working capital purposes, a shortfall of almost $1 million.

Avoca acquires gold projects through scrip issue

West Perth-based minerals explorer Avoca Resources Ltd has acquired two gold projects after signing agreements with West Perth-based gold explorer Chalice Gold Mines Ltd and Perth-based Resolute Mining Ltd.

Overland to raise $12m in placements for zinc exploration

West Perth-based base metals exploration company Overland Resources Ltd will raise $12 million through two placements to fund evaluation and exploration of its Andrew zinc deposit in Canada, the company has announced.

Wesfarmers consortium recruits ex-ASDA chief for Coles bid

Wesfarmers has confirmed that Archie Norman, former chief executive of British retail giant ASDA, will have a role in the company-led consortium's proposal to acquire Coles Group.

Omodei calls for state based AWAs

Liberal leader Paul Omodei has called for a return to state-based Australian Workplace Agreements as federal deputy opposition leader Julia Gillard says she and Premier Alan Carpenter are in "furious agreement" about involving the resources sect

Advanced Nano shares fall after customer's contract ends

Shares in Welshpool-based Advanced Nanotechnology Ltd fell by 6.25 per cent today after UK-based customer Oxonica plc announced the end of its supply contract with Turkish oil company Petrol Ofisi AS.

Mamba to raise $2.2m for Mozambique gold exploration in IPO

West Perth-based gold explorer Mamba Minerals Ltd aims to raise $2.2 million in its initial public offer to fund the development and exploration of its Mozambique projects.

Oklo Uranium concludes $8m IPO, funding exploration

Perth-based uranium explorer Oklo Uranium Ltd aims to raise $8 million through its Initial Public Offer to fund acquisition, exploration and development of tenements in Australia and Mali.

It's Ni Hao Kevin and Ciao Amanda in View from the Arch

Politicians state and federal looked north this week - the PM went to Queensland, Kevin Rudd went to the USA, Paul Omodei looked to the Kimberley's water resources and Kevin Andrews looked at US rapper Snoop Doggy Dogg and told him to stay.

Franchisors and AWAs in this week's WA Business News

This week's WA Business News looks the state's franchising sector and Australian Workplace Agreements, plus Business Class, Trade, Property, Not for Profit, Growing Business, Gusto and more

Neptune makes acquisitions worth $53m, brings total to 7

West Perth-based dry welding company Neptune Marine Services Ltd has continued its rapid expansion by acquiring two businesses servicing the oil and gas sector, for a total of $53 million.

Acuron acquires ENV, Noel Arnold in company restructure

Perth-based Acuron Ltd will divest its wound care products company Protex Healthcare (UK) Ltd for a move into environmental risk consulting with three potential acquisitions, a $15 million capital raising and a $6 million debt facility, it announced today

Second half break-even all that can be expected: aiLimited

Perth-based automotive, construction and engineering firm aiLimited has announced it expects to break even in the second half, with tough trading conditions in its automotive business being to blame for the fall in profits.

Chevron to sell Thevenard interest following fall in yields

Chevron Australia Pty Ltd will sell its interest in the Thevenard Island oil production leases, following decreasing yields from the site due to natural depletion.

GB Energy to raise $4m in IPO for Czech gas exploration

West Perth-based oil and gas exploration company GB Energy Ltd aims to raise $4 million through its initial public offer, to fund exploration of seven licences in the Czech Republic.

Refugees swapped and IR policy traded in a View from the Arch

It was swapsies all round this week as Immigration Minister Kevin Andrews announced plans to swap refugees, Premier Alan Carpenter to swap industrial relations policy and Opposition Leader Kevin Rudd swapping Channel 7's Sunrise for Channel 9's Kerri-Anne

WIN win: Sunraysia TV rejects PBL offer for C9 Perth

Sunraysia Television Ltd, the operator of Channel Nine in Perth, has recommended a $163.2 million offer from Bruce Gordon's WIN Corporation Ltd for its principal asset, rejecting a $136.3 million bid from James Packer's PBL Media Pty Ltd.

ShieldLiner MD Hassen resigns

Shares in Applecross-based pipe lining developer ShieldLiner Ltd rose four cents today on news the company's managing director and company secretary, John Hassen, had resigned.

Mayoral wannabes and lobbyists in WA Business News

This week's WA Business News looks at the 2007 lord mayoral race for the City of Perth, as well as the state's new lobbyists register plus Business Class, Trade, Property, Not for Profit, Growing Business, Gusto and more

Summit accepts higher Paladin offer

Uncertainty about the future of uranium mining in Queensland and recent hedge fund acquisitions of its shares have convinced Perth-based Summit Resources Ltd to accept a takeover offer from Subiaco-based Paladin Resources Ltd.

Reclaim chairman Timothy King dies

Timothy King, the chairman of Bibra Lake's Reclaim Industries Ltd, Nedlands-based ABM Resources NL and president of not-for-profit SIDS and Kids WA, has died.

Giralia's Zinc Co to raise $5m for project exploration

Applications under the prospectus of West Perth-based Giralia Resources NL's spin-off Zinc Co Australia Ltd opened today, with the company seeking to raise up to $5 million for exploration of its projects in its initial public offer.

Northern Uranium to raise $243k in options issue

West Perth-based explorer Northern Uranium Ltd has announced plans to raise $243,250 through an entitlements issue, raising working capital funds for the company.

The usual suspects return in a View from the Arch

With a twice-as-long weekend and the beginning of school holidays for school students across the nation, it would make sense that the hot-button topics of the past two weeks would be Industrial Relations and Education, though Climate Change got a look in

CAMEC makes $222m OmegaCorp bid as Denison's closes

Shares in Perth-based uranium company OmegaCorp Ltd have soared on a scrip offer worth almost $222 million from London-listed Central African Mining & Exploration Company Plc, coming after Canada-based Denison Mines Ltd's takeover bid last December.

Iron Mountain to raise $8m in IPO

Perth-based iron ore company Iron Mountain Mining Ltd aims to raise $8 million through its initial placement offer to fund exploration of tenements in Tasmania and Western Australia.

Fine wine and fine art in this week's WA Business News

This week's WA Business News looks at the 2007 wine vintage, as well as the big business of WA's public artworks plus Trade, Property, Not for Profit, Growing Business, Gusto and more

$75m Chemeq offer by IFCA

Beleaguered Rockingham-based animal pharmaceutical products manufacturer, Chemeq Ltd, has announced a $75 million refinancing proposal from a little-known St Georges Terrace banker, International Finance Corporation of Australasia Pty Ltd.

Chemeq in $75m refinancing deal with mystery banker

Beleagured Rockingham-based animal pharmaceutical products manufacturer Chemeq Ltd has announced a $75 million refinancing proposal from a little-known St Georges Terrace banker International Finance Corporation of Australasia Pty Ltd.


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Albidon raises $13.4m for Zambian nickel project

Nedlands-based nickel company Albidon Ltd has raised $13.4 million from UK and Australian instititional investors to fund development of its Munali project in Zambia.

Cannes-do attitude for Perth Art Director

Perth art director Scott Hitchcock has had huge success at the prestigious Cannes Lions Festival for advertising, winning Gold and Bronze Lions for campaigns he worked on while art director at Oglivy & Mather, Singapore.

Aspen Group in trading halt

Perth based property developer Aspen Group Ltd has announced a trading halt, pending an announcement from the company expected on Wednesday.

West Australian Metals finalises A1 deal

Perth-based resources and exploration company West Australian Metals Ltd today announced the finalisation of the sale of the group's Duketon Belt gold exploration properties in the Laverton and Leonora area to Osborne Park-based A1 Minerals Ltd.