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Eastern Field takes control of Finders

Indonesian group Eastern Field has taken control of Finders Resources, five months after announcing its takeover deal, which values the copper miner at about $177 million.

Beadell to merge with Canadian firm

West Perth-based Beadell Resources has announced plans to merge with a Canadian mining exploration firm to create a dual-listed company on the ASX and the TSX venture exchange.

WA startup secures growth capital

Western Australia-based employee management platform Definitiv has secured a seven-figure investment from a Singapore-based consultancy firm, which now has minority stake in the Perth technology business.

Corporate finance deals Mar 12 to 16 2018

Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue pr

Junior explorers raise $21m

Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.

Wesfarmers to spin-off grocery giant Coles

Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.

St Barbara invests in ABM

Gold miner St Barbara has taken a 10 per cent stake in local explorer ABM Resources as part of its recently announced $6 million capital raising.

CV Check $2.5m share sale

The wife of CV Check founder Steven Carolan has sold a 16.2 per cent stake in the business in an effort to improve liquidity and allow new investors into the company.

Altura in takeover talks

Shares in Altura Mining, which is on the brink of lithium production, jumped this morning after the $770 million company confirmed it was in discussions with its largest shareholder in relation to a potential control transaction.

Security firm in $8m SA buy

Security services provider Threat Protect Australia has continued with its acquisition growth strategy, purchasing a South Australian security monitoring business for about $8 million.

ClearVue in $6m IPO

Building materials company ClearVue Technologies has launched its prospectus, aiming to raise up to $6 million via an initial public offering.

WA tech firms raise $5m

Two local tech companies have raised more than $5 million, with medical firm Proteomics International Laboratories securing $3.4 million via the exercise of options.

Sky to raise $15m

Local tech company Sky and Space Global has tapped investors for $10 million and has launched a $5 million share purchase plan, with funds to be spent on the design and construction of its first batch of nanosatellites.

Veris in $12m consulting buy

Surveying company Veris has announced it will purchase east coast-based advisory services firm Elton Consulting in cash and scrip for an initial outlay of $12 million.

Panel throws out Eastern application

The Takeovers Panel has dismissed an application from Indonesian group Eastern Field Developments regarding its takeover target Finders Resources, with the panel determining that appropriate action has been taken by the company in relation to its Wetar project.

Gulf secures $15m

Gulf Manganese Corporation has secured a $15 million funding package, led by an Indonesian investment group, to complete construction of the company’s first two smelters at its Kupang smelting hub in West Timor.

Image launches $25m raising

Image Resources has launched a $25 million capital raising that will contribute to the construction of its Boonanarring mineral sands project near Gingin, which is targeting production by the end of the year.

Corporate finance deals Mar 5 to 9 2018

High Grade Metals is pleased to announce that on 26 February 2018 it completed the acquisition of the issued capital of Austrian Projects Corporation Pty Ltd (ACN 622 432 428).

Saturn begins trading

Peel Mining spin-out Saturn Metals began trading on the ASX today after the gold explorer raised $7 million through an initial public offering.

Eastern increases stake in Finders

Indonesian group Eastern Field Developments has increased its stake in Finders Resources as the major shareholder pursues a hostile takeover of the copper miner valued at around $177 million.

Egan Street secures $11.9m of options

Gold hopeful Egan Street Resources has secured $11.9 million of funding via the exercise and underwriting of the company’s listed options, with the proceeds to be used at its Rothsay project.

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