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De Grey in $6m raising

De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company’s Pilbara gold project.

Titan raises $11m

Titan Minerals has announced an $11 million capital raising to fund the purchase of a processing plant and exploration work at its Torrecillas and San Santiago projects in Peru.

Paringa raises $30m

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

Antipa in $7m raising

West Perth-based Antipa Minerals has announced a capital raising of $3.3 million, and is planning an entitlement offer for an additional $4.3 million, with the funds to be spent on exploration work at the company’s projects in the Paterson region of Western Australia.

Battery in $20m raising

David Flanagan-led Battery Minerals has boosted its coffers with a $20 million capital raising to fund construction of its Montepuez graphite project in Mozambique.

Tungsten raises $47m

Tungsten Mining has announced a $47 million capital raising to progress studies at its Mt Mulgine project in the Murchison region in Western Australia.

Black & White Cabs sold for $8m

Melbourne-based P2P Transport has announced plans to acquire Black & White Cabs, which has operations in Western Australia, in a cash and scrip deal worth $8.1 million.

Tap board rejects $30m takeover

The board of Tap Oil has recommended shareholders reject a $29.8 million takeover from major shareholder Risco Energy Investments, saying the proposal is opportunistic and undervalues the company.

NSL in $10m raising

Iron ore-focused NSL Consolidated has tapped investors for $10 million to fund an expansion of its Kurnool wet beneficiation plant in India.

Carnarvon in $20m raising

Carnarvon Petroleum has boosted its coffers with a $16 million capital raising to fund drilling at its Buffalo oil field in the North West Shelf, while also announcing a share purchase plan to raise up to $4 million.

Surtech sold to Qteq

Brisbane-based georesources company Qteq is set to acquire local data logging company Surtech Systems in cash and scrip for an undisclosed sum.

Latitude sells $2m gold project

West Perth-based Latitude Consolidated has agreed to sell its Mt Ida gold project near Leonora to Alt Resources in a cash and scrip deal worth $2 million.

Artemis sells off $20m Novo stake

Artemis Resources has announced plans to sell its stake in Canadian joint venture partner Novo Resources for $20.7 million, with the proceeds set to be spent on exploration at the company’s conglomerate gold assets in the Pilbara.

Helloworld takes $3m stake in Perth travel firm

ASX-listed travel company Helloworld has taken a majority stake in Asia Escape Holidays, four years after a backdoor listing plan by Asia Escape and two other Perth travel agencies fell through.

Rox to spin-out gold project

West Perth-based Rox Resources has announced plans to spin-out its Mt Fisher gold project into a newly established company, Helios Gold, via an initial public offering.

Beadell in $US23m raising

Gold miner Beadell Resources has raised $US23 million ($30 million) via a share placement and convertible debentures to fund an upgrade of its Tucano mine.

West African raises $35m

Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.

Battery hopefuls pick up $50m

Two Western Australian mining juniors focused on battery-related commodities have secured $50 million to advance their projects in Africa.

Steinberg-backed fund completes $160m purchase

A new business backed by Quadrant Private Equity and the Perth-based family of Timezone founder Malcolm Steinberg has completed the purchase of Ardent Leisure Group’s bowling and entertainment division.

Risco plans $30m Tap Oil takeover

After overhauling Tap Oil’s board earlier this year, major shareholder Risco Energy Investments has made a $29.8 million takeover offer for the Perth-based oil and gas company.

Austal makes $9m US purchase

Local shipbuilder Austal has expanded its footprint in the US with the acquisition of technology company ElectraWatch in a cash deal worth $US6.7 million ($9 million).

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