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Panel declines to move on LinQ takeover

The Takeovers Panel has knocked back an application from the Western Australian Fire and Emergency Services Superannuation Board regarding a LinQ Resources Fund takeover proposal launched by Singapore

Lucapa announces plan to raise $5.7m

Miles Kennedy's Lucapa Diamond Company is seeking to raise $5.7 million to expand its exploration programme at its Lulo diamond concession in Angola.

iiNet lines up $330m in bank funding

Internet service provider iiNet has secured $330 million in debt finance with a syndicate comprising Australia's big four banks.

Metals of Africa makes solid ASX debut

Mozambique-focused Metals of Africa has made a successful debut on the Australian Securities Exchange, its shares closing 3 cents above their issue price after their first day of trade.

Resolute trumps Zhongrun's Noble offer

Gold miner Resolute Mining has acquired a 20 per cent stake in Noble Mineral Resources, while at the same time making an $85 million financing proposal designed to trump a similar offer from China’s Z

Mineral Commodities to raise $14.5m

Mineral Commodities has announced plans to raise $14.5 million through a placement a, to fund the development of its Tormin mineral sands project on the west coast of South Africa.

WorleyParsons makes $100m acquisition

Engineering firm WorleyParsons has bought South Africa-based company TWP Holdings for $100 million and extended a contract with BP in Iraq.

Firefighters tip bucket on LinQ takeover

LinQ Resources Fund faces a challenge to its friendly takeover bid from Singapore-based IMC Resources Holdings, with the WA Fire and Emergency Services Superannuation Board applying to the Takeovers P

Phoenix raises $20m to fund exploration

Phoenix Gold has raised $20 million through a share placement, to accelerate drilling programs at its gold projects in the Goldfields over the next 12 to 15 months.

Swedish firm buys drilling manufacturer

Malaga-based drilling equipment manufacturer Drillstar Engineering has been acquired by Swedish company Driconeq AB after more than 20 months of talks.

Ausdrill could issue $US300m in unsecured notes

Drilling services and mining contractor Ausdrill is considering issuing $US300 million in unsecured notes to USA-based institutional investors.  

Atlas South Sea Pearls to move into fragrances

Atlas South Sea Pearls shares have jumped after it announced plans to raise up to $5 million alongside a proposal to acquire fragrance and flavour manufacturer Essential Oils of Tasmania.

Southern Cross lines up debt-finance for Sandstone

Southern Cross Goldfields says it has a short-list of financiers to provide the necessary funding to complete the acquisition of the Sandstone gold project from Troy Resources.

Burst of activity for sluggish IPO market

Signs of life are starting to emerge in the sputtering initial public offerings market, with three Western Australian explorers advancing plans to list on the Australian Securities Exchange this week

Imdex acquires data management firm for $8m

Drilling services company Imdex has announced the acquisition of data management solutions firms ioGlobal, ioAnalytics and ioGlobal Solutions for $8 million in cash and shares.

ASG receives $177m takeover bid

A mystery suitor has made a non-binding takeover bid for Perth-based IT services firm ASG Group, valuing it at more than $177 million.

Scottish group snaps up Vertech

Scotland-based oil and gas services firm Global Energy Group has announced the acquisition of Perth-based energy sector access, inspection and maintenance company Vertech Group.

K&S acquires Bunbury transport firm

Logistics and supply chain group K&S Corporation has acquired Bunbury-based Collare Transport Group for an undisclosed sum.

Hannans Reward sells Swedish prospect for $4m

Hannans Reward has reached agreement to sell the Discovery Zone copper-iron prospect in Sweden to Avalon Minerals for $4 million.

Hot Chili raises $35.5m for Chilean mine

Perth-based explorer Hot Chili has launched a $35.5 million capital raising to fund development at its Productora copper-gold-molybdenum project in Chile.

Renaissance announces $10m capital plan

Renaissance Minerals has launched a $10 million capital raising to fund exploration at its flagship Cambodian gold project.

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