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Adriatic debuts after $10m IPO

Peter Bilbe-led Adriatic Metals began trading on the ASX today, after the company raised $10 million via an initial public offering to fund exploration work at its Veovaca and Rupice projects in Europe.

MinRes to sell minority Wodgina lithium stake

Applecross-based Mineral Resources is looking to sell a 49 per cent stake in its Wodgina lithium project, as work to investigate the feasibility of a lithium hydroxide or carbonate processing plant at the site continues.

Miners raise $56m

New Century Resources has raised $40 million to complete the restart of its zinc mine in Queensland, while Vimy Resources and Geopacific Resources have tapped investors for $6 million and $10 million respectively.

Emeco in $80m east coast buy

Emeco Holdings has made its fifth big acquisition in the past three years, acquiring Queensland-based Matilda Equipment for $80 million while also announcing a $90 million capital raising to fund the purchase.

Local tech raisings down

Local startups and young technology companies registered a big decline in funds raised in the March quarter compared to December, according to the latest report from tech sector analysts Techboard.

Mitsui move to compulsory acquisition

Japanese group Mitsui & Co has begun the compulsory acquisition process of Waitsia gas field operator AWE, after increasing its stake in the oil and gas company above the 90 per cent threshold last week.

Corporate finance deals Apr 16 to 20 2018

Tungsten Mining has announced a placement to sophisticated and institutional investors to raise approximately $20 million.

Apollo to spin-out Fraser Range assets

Perth-based Apollo Minerals has announced plans to spin-out its Fraser Range assets via an initial public offering, as the company focuses on its European tungsten and gold projects.

Paladin restructure the only option: Collins

King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.

AFG in $10.9 million property lender buy

West Perth-based Australian Finance Group has announced it will purchase a 30.4 per cent stake of Sydney-based commercial property lender Think Tank Group for $10.9 million.

Jupiter relists after $240m IPO

Brian Gilbertson-led Jupiter Mines has made a steady start to trading on the ASX today, after the manganese miner completed a $240 million initial public offering.

Emerge Gaming lists after $5m IPO

Emerge Gaming (formerly Arrowhead Resources) started trading on the ASX today, after the former junior explorer completed a reverse takeover of private technology company Gaming Battle Ground for $3.7 million, and raised $5 million via an initial public offering.

Titan agrees to buy $6.5m Peru plant

Gold-focused Titan Minerals has signed an agreement to purchase a processing plant in northern Peru in a cash and scrip deal for approximately $6.5 million.

Corporate finance deals Apr 9 to 13 2018

Thred has announced a capital raising by way of a fully-underwritten, non-renounceable pro-rata entitlement offer at an issue price of $0.004 per new share on the basis of one new share for every two

Tungsten in $20m raising

West Perth-based Tungsten Mining has tapped investors for $20 million as the company seeks to progress its Mt Mulgine project in the Murchison region.

Hopkins in $508m panel beating buyout

Perth-based Andrew Hopkins has led a $508 million buyout of national panel beating business AMA Group, with the deal backed by private equity giant Blackstone.

Connelly-led Tao in $4m IPO

Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.

Genesis raises $5m

Perth-based Genesis Minerals has received commitments to raise $5 million through a share placement, with the funds to be spent on a drilling program and a feasibility study at its Ulysses gold project.

Finbar in $36m raising

Finbar Group has raised $31 million through a share placement, with the funds going towards the construction of the $350 million Canning Bridge project in Applecross and the $108 million Palmyra Apartments Estate project.

Junior explorers raise $13m

Junior explorers Black Mountain Resources and Australian Vanadium have announced $3 million capital raisings, while gold-focused Crusader Resources is tapping investors for $6.5 million as part of its initial public offering on the London AIM.

Agency Group in WA purchase

ASX-listed The Agency Group Australia has announced plans to acquire the residential sales and management arm of North Perth-based Vicus Property Group in a cash and scrip deal.

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