Phylogica invests $15m into Vision Pharma

Biotech company Phylogica announced it had increased its shareholding in Vision Pharma to 90 per cent, following a $15 million investment using funds it had raised through a recent rights issue.

Monadelphous expands to South America

Engineering company Monadelphous has entered the Chilean market with the acquisition of two jointly-owned mining services providers, Buildtek and Maqrent.

FMG signs $8m in farm-ins

Fortescue Metals Group has agreed to a $6 million farm-in with Carawine Resources to explore its Paterson project in Western Australia, and a $2 million farm-in with Reward Minerals to explore its potash tenements in the McKay range.

Breaker to raise $8m

Junior gold explorer Breaker Resources has agreed to a non-brokered $8 million placement to a private equity fund managed by New York-based Electrum Group, with the proceeds to fund drilling activities at Breaker’s Lake Roe mine in Western Australia.

WestStar expands services with new acquisition

Perth-based WestStar Industrial has increased its service capabilities with the acquisition of oil and gas-focused steel fabricator Alltype Engineering.

Three explorers raise $9m

Venus Metals Corporation has entered into an underwriting agreement with Ord Minnett to exercise $5.7 million worth of options to progress exploration activities at its base metal projects in Western Australia.

Panoramic criticises IGO offer

Panoramic Resources has advised shareholders not to take action in respect of the off-market takeover offer launched last week by Independence Group, while also criticising some of the conditions attached to the offer.

AVZ to raise $14m

Lithium explorer AVZ Minerals has announced it would raise $14.1 million to a new strategic investor based in China.

SAS halves placement share price

West Perth-based Sky and Space Global has revised its previously announced plans for a $15 million capital raising, with the funds to be raised through a placement and rights issue at 0.5 cents per share.

Bodybuilder strikes $85m ASX deal

Perth bodybuilder Danny Pavlovich is planning a stock market listing of his business Nutrition Systems, which has quietly grown to become one of Australia's leading suppliers of supplements with annual sales of $50 million.

Konekt supports increased APM offer

West Perth-based APM has been forced to lift the value of its takeover offer for Konekt by 30 per cent after a competing bidder lodged a proposal for the ASX-listed health solutions provider.

Three WA explorers launch IPOs

Three Western Australian companies led by experienced mining executives are hoping to defy the slump in new stock market listings by launching initial public offerings over the past week.

Pointerra to raise $2.5m

Subiaco-based Pointerra has announced commitments to raise $2.5 million through a share placement, primarily to fund the recruitment of further employees and technical resources.

NRW likely to purchase BGC Contracting

Civil and mining contractor NRW Holdings today confirmed it has been selected as the preferred bidder for BGC Contracting.

IGO launches $312m Panoramic takeover

Independence Group is planning to take advantage of nickel miner Panoramic Resources’ operational issues and boardroom changes by launching a hostile scrip takeover bid.

Canon, Scorchers, meat in the middle

A new sponsorship deal between Canon Foods and Perth Scorchers women’s cricket team ticked a number of boxes for Canon principal Arthur Abrahams.

Silver Lake hikes EganStreet bid

Silver Lake Resources has substantially improved the terms of its scrip takeover bid for EganStreet Resources, which disclosed today it had been approached by Adaman Resources with a competing cash offer.

Strike Energy confirms $35m raising

Oil and gas explorer Strike Energy announced today it has raised $30 million through a share placement and is seeking an additional $5 million through a share purchase plan, primarily to fund the company’s exploration and appraisal programs in the Perth Basin.

WA waste business launches $19m IPO

A recycling and waste management business led by Bob McKinnon and Tom Rudas has kicked off plans for a stock market listing, with the company hoping to “supercharge” its growth and turn recent losses

Phylogica to raise $27m

Biotech company Phylogica has announced plans to raise $26.8 million through a rights issue, fully underwritten by chairman and major shareholder Alan Tribe, with the proceeds used primarily to fund preclinicial studies for its leading drug molecule.

Junior explorers raise $8.5m

Nickel-explorer St George Mining has completed an institutional-led placement to raise $5.8 in funding for its flagship project at Mt Alexander, in the north-eastern Goldfields of Western Australia.