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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.

MGC secures cannabis build contract in Malta

ASX-listed MGC Pharmaceuticals announced today that is has been awarded a contract to build a medical cannabis production facility in Malta, with a $5 million capital raising set to help fund the project.

Data Exchange in $16m IPO

Local tech company Data Exchange has excited investors on its first day of trading on the ASX, after the completion of a $16 million initial public offering.

Creasy's Galileo Mining in $15m IPO

Mark Creasy-backed Galileo Mining has launched its prospectus to raise up to $15 million via an initial public offering to fund an exploration program across its tenements in the Fraser Range near Norseman.

Large deals boost capital raisings

The value of Western Australia-related equity capital markets deals jumped to $4.2 billion in the March quarter, helped to a large degree by a handful of large transactions.Of the 140 March-quarter de

Lucapa raises $16m for exploration

Lucapa Diamond Company is planning to launch a follow-up exploration program at its Brooking diamond discovery in Western Australia’s Kimberley region after completing a $16.5 million capital raising.

AWE, Finders battles add M&A spice

SPECIAL REPORT: Corporate advisory firm Argonaut had a lead role in two of the most hotly contested takeover battles in WA in recent times.

Corporate finance deals Apr 2 to 6 2018

Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 Marc

MinRes strikes $280m merger deal with Atlas

Diversified mining services company Mineral Resources has announced plans to acquire Atlas Iron in a scrip deal that values the iron ore miner at $280 million.

Pacific Energy finds smooth M&A path

SPECIAL REPORT: Ten years after completing a company-defining acquisition, remote power operator Pacific Energy has struck another similar deal.

Tawana merges with Bald Hill partner

Lithium producer Tawana Resources has announced plans to merge with its Bald Hill project joint venture partner, Singapore-listed Alliance Minerals Assets, to form a $446 million company.

Altura appoints Citigroup for possible takeover

Altura Mining has appointed Citigroup as its corporate adviser in relation to a potential takeover of the $740 million company by its largest shareholder, Chinese battery manufacturer Shaanxi J & R Optimum Energy.

SRG in $32m NZ buy

Local contractor SRG today announced the purchase of New Zealand-based TBS Group for $NZ35 million ($32.9 million), with a $24 million capital raising being used to part-fund the acquisition.

Mitsui gains majority stake in AWE

Japanese group Mitusi & Co has gained a majority stake in Waitsia gas field operator AWE after a keenly contested takeover battle, and has now declared its $602 million offer unconditional.

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