Hexagon seeks $6m raising

Graphite-focused Hexagon Resources is seeking to raise up to $6 million to progress the company’s McIntosh project in the Kimberley.

FMG takes blocking stake in Atlas

Andrew Forrest-chaired Fortescue Metals Group has taken a surprise 19.9 per cent stake in Atlas Iron, and says it will block the $280 million takeover proposed by diversified mining services business Mineral Resources.

Avita raises $16m

Avita Medical has tapped investors for $16 million as the company prepares to launch its spray-on burns treatment, which was co-developed by medical entrepreneur Fiona Wood.

GCS acquires 100% of subsidiary

Global Construction Services has moved to full ownership of its fast-growing east coast subsidiary, Gallery Facades, through a scrip deal worth up to $11.3 million.

HBF and HCF scrap merger

Western Australia’s largest health insurer HBF and east coast counterpart HCF have ended discussions regarding a planned merger but neither has clearly explained the reasons.

Primero prepares for ASX listing

Perth-based engineering firm Primero Group has appointed company director Mark Connelly as chairman and broking firm Cannacord Genuity as lead manager as its finalises plans for an initial public offering.

CTI in $4.5m freight buy

ASX-listed CTI Logistics has agreed to purchase regional freight company Stirling Freight Express for $4.5 million.

Sino backs $530m takeover offer

The board of China-focused Sino Gas & Energy Holdings has backed a takeover offer from US private equity group Lone Star, which values the gas producer at $530 million.

Kin, Nzuri raise $17m

Two junior explorers have announced capital raisings today, with aspiring gold miner KIN Mining tapping investors for $11.3 million while Nzuri Copper has raised $6 million.

Cashies in $40m raising

Cash Converters International has boosted its coffers with a $39.5 million capital raising, with the proceeds set to strengthen the company’s balance sheet and be used to reduce debt.

Koppar rises on debut after $4m IPO

Norway-focused Koppar Resources has begun trading positively on its debut on the ASX today, after the company raised $4.5 million via an initial public offering.

Galileo up 58% on ASX debut

Shares in Galileo Mining, which is backed by Mark Creasy and Chris Ellison, have closed up strongly on their first day of trading after the company raised $15 million via an initial public offering.

Resolute, Westgold invest $26m in junior explorers

Two local gold miners have announced equity investments in junior explorers today, with Resolute Mining investing $22.5 million in Canadian company Orca Gold while Westgold Resources has taken a 15 per cent stake in Musgrave Minerals.

Independence sells Jaguar for $73m

Independence Group has agreed to sell its Jaguar base metals operation near Leonora for $73.2 million to diversified investment company Washington H. Soul Pattinson and Company.

Perilya, Creasy invest $19m in Myanmar

Chinese-owned mining company Perilya will take a 20 per cent stake in Myanmar Metals as part of a planned capital raising worth up to $35 million to fund its share of the Bawdwin base metals project.

Wesfarmers abandons costly UK move

Wesfarmers has sold its struggling Homebase business for a nominal sum, with managing director Rob Scott confirming the UK hardware company has cost the conglomerate about $1.3 billion.

ClearVue set for ASX debut after $5m IPO

Specialist glass company ClearVue Technologies will commence trading on the ASX tomorrow after raising $5 million via an initial public offering.

BGC up for sale

BGC Australia director Sam Buckeridge announced this afternoon that the sprawling property and construction empire built by his late father Len Buckeridge is being prepared for sale.

Sydney investor buys National Lifestyle Villages

Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.

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.