Fraser Beattie

Perth-based surveying and construction contractor OTOC has raised $12 million from investors to fund its future growth plans.

Independence Group has put forward a $20.5 million bid for emerging nickel play Windward Resources, competing against a previous deal put forward by Michael Fotios’s Eastern Goldfields.

Innovation Minister Bill Marmion has named the three inaugural winners of the Start IT Up WA Challenge, with the teams to share in a $100,000 prize pool to develop their projects in collaboration with the state government.

Heavy earthmoving equipment supplier Emeco Holdings has shrugged off a credit rating downgrade from Fitch Ratings, with managing director Ian Testrow saying the market should focus on the big picture of the company’s merger and restructuring plan.

Perth-based biotechnology company Metavone hopes to list on the ASX next month after raising up to $5 million from investors in an initial public offering.

PS Structures has won a $32.6 million contract to build the first stage of a new secondary college in Yanchep.

Decmil Group has won three contracts worth about $34 million, with two of the contracts awarded to a joint venture established with a local engineering business owned by former Horizon Power boss Rod Hayes.

Shares in technology company BrainChip Holdings have skyrocketed on news the company has landed a deal with an unnamed Las Vegas casino.

Gold Road Resources has been given the green light to build an accommodation village and an access road at its Gruyere gold project, which it says will cost about $18 million.