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IFS appoints new director amid takeover stoush

IFS Construction Services has announced the appointment of chartered accountant Alan Winduss to its board of directors, as the company continues to review a takeover proposal from a company backed by

Talga raises $2.3m for further development

Talga Gold has announced a $2.3 million capital raising plan to continue development at its suite of graphite, iron ore and gold projects.

Jupiter seeking $125m for WA, South Africa mines

Brian Gilbertson’s Jupiter Mines has raised $40 million through a private placement to advance development at its manganese and iron ore assets in South Africa and Australia, and has revealed plans to

Gold miners tap market for extra funds

Gold miners Norseman Gold and Apex Minerals have announced fundraising plans collectively worth around $23 million as the companies seek to ramp up production at their Western Australian operations.

Goldman Sachs to open Perth office

Global investment banking and securities firm Goldman Sachs is establishing a permanent Perth base, which it expects to open on August 1.

IOOF bids $49.1m for Plan B

Shares in Perth-based funds manager Plan B are soaring after national wealth manager IOOF Holdings announced a $49.1 million takeover proposal.

Reed gets $23m for Meekatharra

Reed Resources has secured a $23 million finance facility with international bank Barclays for its Meekatharra gold project.

Ausdrill moves forward on BTP takeover

Ausdrill has advanced its plan to acquire the Best Tractor Parts Group, signing a non-binding heads of agreement to negotiate terms and conditions of the transaction.

Cove to acquire Finnish titanium project

Cove Resources says it has opened up a pathway to production by launching a plan to acquire an advanced stage titanium project in Finland for $11.2 million.

AHG founders offload stake to rival dealer

Automotive Holdings Group's founding shareholders have sold a significant stake in the company to Brisbane-headquartered dealership group AP Eagers.

Navigator tumbles on $16m rights issue

Navigator Resources shares have tanked after the struggling gold miner unveiled a highly-dilutive $16 million rights issue to stave off collapse.

Centaurus raises $26.2m for Jambreiro

Centaurus Metals  has completed a $26.2 million equity raising, with major shareholder Atlas Iron maintaining its 19.85 stake in the Brazil-focused iron ore miner and a US-based resources investment  

Avalon completes $3.6m share placement

Avalon Minerals has launched a $3.6 million capital raising plan to fund exploration and scoping studies at its Viscaria copper project in Sweden.

Calibre prices $75m IPO to suit market

Engineering company Calibre Group has commenced marketing a $75 million initial public offering, the largest of the year, at a price that reflects the downturn in the stockmarket over the past quarter

AHG buys cold transport business, sells Gold Coast dealers

Automotive Holdings Group has beefed up its Rand Refrigerated Logistics division, acquiring Toll Holdings’ interstate refrigerated transport business for $6.5 million, on the same day it offloaded its

Bannon steady on ASX debut

Minerals explorer Bannon Limited has listed on the Australian Securities Exchange, after raising $2.5 million through its initial public offering.

All rather quiet on western M&A front

The corporate advisory market is in the doldrums as global forces restrain players.

Baulked Beijing and overexuberance may have drained finance sector’s momentum

WITH some experienced campaigners suggesting the current mergers and acquisitions market is the worst they have ever seen, there is plenty of finger pointing to overly exuberant deals of the past few

Panoramic eyes big picture as opportunities emerge

Panoramic Resources might be in the unloved nickel sector but its healthy cash position has allowed it to make some aggressive diversification moves via acquisitions.

Deutsche, Credit Suisse head west

IT might not be the busiest of times in Western Australia’s corporate advisory scene, but that has not stopped positive moves by several firms – albeit without much fanfare – that have included the op

Flinders hopeful of new suitor

Flinders Mines remains hopeful of finding a new suitor despite a takeover deal with a Russian steel maker falling through.

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