Search

Deals

New listings getting tougher

SPECIAL REPORT: Nearly 70 WA-connected companies listed on the ASX in 2016, but current prospects indicate there will be substantially fewer this year.

M&A advisers to battle back after soft 2016

SPECIAL REPORT: Investment bank Gresham Partners and law firm King & Wood Mallesons were the top advisers on mergers and acquisitions in WA in 2016.

Local brokers lead capital raisings

SPECIAL REPORT: There was a big rise in the number and value of completed capital raisings in WA last year, according to data compiled in the BNiQ Search Engine.

ASX queries Padbury's $106m raising plans

Padbury Mining has again attracted regulatory attention, with the company acknowledging it should have notified the ASX when it negotiated potential capital raisings worth $106 million with a Hong Kong-based investor last year.

Paladin reveals major debt restructure

Ahead of a looming April deadline for a $US212 million convertible bond repayment, uranium miner Paladin Energy has announced a proposal to restructure its balance sheet by converting some debt into equity, extending the maturity date of the remaining amount, and undertaking a $US75 million capital raising.

Carnegie taps market for $5m

Recently renamed Carnegie Clean Energy has launched a $5 million capital raising to prepare itself for opportunities that may come up through its joint venture with developer Lendlease.

London calling for Po Valley

Perth oil and gas hopeful Po Valley Energy is heading to London, with the company planning to list its Sillaro gas asset in northern Italy on the London Stock Exchange's Alternative Investment Market in a bid to raise up to $3.7 million.

Watco buys WA freight business

US-based transport group Watco Companies is seeking further acquisitions and growth opportunities in Western Australia, after buying a majority shareholding in Intermodal Group and winning a contra

Marindi raises $3.2m for lithium exploration

Lithium exploration at Forrestania, north of Ravensthorpe, will be a priority for Marindi Metals after the company completed a capital raising worth nearly $3.2 million.

Skin Elements, AssetOwl to list

The tail end of the tech stock listing boom will continue tomorrow when two companies start trading on the ASX, with one completing its IPO nearly three years after it first announced listing plans and the other completing an RTO in a relatively efficient five months.

Threat Protect eyes $6m acquisition

Security services provider Threat Protect Australia is considering a move to acquire assets from east coast player Apollo Security for around $6 million, after tying up an option for its two business units.

Gull NZ, Golden Grove deals cap off 2016

The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.

Birimian in $107m lithium deal

Chinese chemical company Shandong Mingrui Group will buy a lithium project in Southern Mali from ASX-listed Birimian Resources in a $107.5 million deal.

Belgiorno-Nettis to join Tempo board

Shares in contractor Tempo Australia were up 24 per cent in morning trade after the company announced a $9.5 million placement to a vehicle controlled by Transfield Holdings co-managing director Guido Belgiorno-Nettis.

Grist, Nathan back local startup

Vocus Upstart co-founders Anthony Grist and Robert Nathan have participated in a $300,000 capital raising by Perth-based startup GeoMoby.

Maca buys Interquip stake

Mining and civil contractor MACA has diversified through the purchase of a 60 per cent stake in Maddington-based Interquip for $8 million.

Emeco wins creditor backing

Two days after some of Emeco Holdings' large creditors blocked a major restructuring, they have reversed their stance after being given an opportunity to acquire more equity in the group.

Creditors block Emeco deal

The planned three-way merger between Perth-based Emeco Holdings and east coast companies Orionstone and Andy's Earthmovers will not proceed as planned after the deal failed to win sufficient backing from creditors.

Paladin raises $5.1m from asset sales

Paladin Energy has offloaded its entire shareholding in Deep Yellow, taking advantage of a share price spike after the uranium miner's former managing director John Borshoff joined the junior explorer.

Strike sells Peru iron ore assets for $13m

Perth-based Strike Resources has sold its Apurimac and Cusco iron ore projects in Peru for about $13.5 million, as the company shifts its focus to other commodities.

Pages