Sino-Australian investment house ASF Group will become the single largest shareholder in Perth-based Key Petroleum after agreeing to a 19.9 per cent placement of Key shares as the company expands its interests in Canning Basin oil and gas plays.
Eden Energy will continue to wait to sell its entire UK coal seam methane and shale gas portfolio for up to £11.5 million ($21 million), due to UK-based buyer Shale Energy failing to complete a £7 million capital raising for the purchase.
Perth-based miner Pacifico Minerals has entered an agreement with Miguel Angel Perez Villa to acquire up to a 90 per cent interest over three years of its share of the Berrio gold deposit in Antioquia, Colombia.
Perth-based gold explorer Primary Gold will raise up to $2.4 million for its Toms Gully mine at the Mt Bundy gold project in the Northern Territory with its appointed lead manager Patersons Securities to underwrite up to $1 million to the rights issue.
Forge Group shares have risen on news it has secured a $40 million contract, helping to repair an 80 per cent single-day nose dive in late November when it announced a $127 million profit writedown on two power stations.
Design proposals for the new Perth Stadium have been received from three private sector consortia – Confidem, Evolution and WESTADIUM – with a panel to announce the successful bidder for the project in mid-2014.