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QUBE buys Pilbara trucking business

QUBE Holdings has made further inroads into Western Australia, acquiring Pilbara-based ore haluage business Walmsley Bulk Haulage for $8 million.

Investors warming to junior miners

Junior resources companies are enjoying a renewed interest for capital raisings as investors return cautiously to equity markets after a dry 2013.

Wesfarmers gets ACCC tick for insurance sale

Wesfarmers has been given the tick of approval from the Australian Competition and Consumer Commission to divest its insurance underwriting businesses.

Carnegie seeks to raise $6m

Carnegie Wave Energy has unveiled plans to raise up to $6 million through a share purchase plan, with the proceeds earmarked for the further development of its wave power technology.

Virax raises $3m for Pathway takeover

Virax Holdings has completed a $3 million equity placement to sophisticated investors to support its acquisition last week of Pathway Oncology.

AHG plans $180m acquisitions

Automotive Holdings Group has announced plans to purchase a refrigerated logistics business and an automotive dealership group at a combined cost of $184 million.

Sipa Resources plans $5.6m raising

Sipa Resources will tap shareholders for up to $5.6 million through an entitlement issue as it plans further exploration at its copper, precious metals and base metals projects.

WA childcare group sold for $65m

Western Australian childcare entrepreneur Rory Vassallo has sold his portfolio of centres to listed company G8 Education, which has announced two major national acquisitions in the space of six weeks.

Anova, Mining Group seek capital

West Perth-based juniors Anova Metals and Mining Group have each announced plans to raise $2 million through share placements to advance their respective projects.

Gold Road completes $10m placement

Perth-based explorer Gold Road Resources has raised $10 million through a share placement to institutional investors as it looks to undertake further drilling at its Gruyere prospect east of Laverton.

Atrum plans coal spin-out

Perth-based Atrum Coal has announced it will spin-out its coal exploration assets, with plans to launch an initial public offering for a new company on the ASX later this year.

Phoenix Gold plans $18m raising

Phoenix Gold has announced plans to raise up to $18.2 million through a share placement and entitlement offer to fund staged development at its Castle Hill mine near Kalgoorlie.

Ansteel takes majority Karara stake

Chinese steelmaker Ansteel has taken majority ownership of the Karara iron ore project, lifting its stake above that of Gindalbie Metals after converting shareholder loans to new equity in Karara Mining.

Wolf raises $183m for Hemerdon

Wolf Minerals has arranged final funding for construction of its Hemerdon tungsten and tin project in England after agreeing to a discounted share placement.

Junior explorers win investor support

Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.

Cell Aquaculture in $83m Asian property bid

Perth-based marine farming company Cell Aquaculture has flagged a move into property investment, signing a heads of agreement to acquire two new projects in Asia for $83 million in an all-scrip bid.

Ascot switches focus in Ochre deal

Ascot Resources has agreed to acquire the Wonmunna iron ore project from Ochre Group, which, in return, will receive a majority stake in the previously coal-focused company.

Virax takeover clinches anti-cancer drug

Virax Holdings has agreed to acquire Pathway Oncology in a reverse takeover which will see the Australia-listed company gain control of a global licence for emerging anti-cancer technology.

Murchison proposes Mercantile merger

Two years after selling its stake in the failed Oakajee port and rail project, Murchison Metals is set to be absorbed by major shareholder Mercantile Investment Company.

Patersons looking for extra capital

Patersons Securities plans to introduce an employee share scheme to help bolster its net assets by at least $15 million, after posting its third interim loss in succession.

Cardno acquires PPI for $US145m

Queensland-based infrastructure services company Cardno has bought oil and gas engineering consulting firm PPI Technology Services for $US145 million.

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