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Deals

Atlantic secures $41.7m to cover gap

Iron ore and vanadium miner Atlantic has lined up a $41.7 million funding package to cover a cash shortfall caused by delays in production of ferrovanadium and iron ore exports from its Windimurra dev

Entrust moves to $1bn with Finovia deal

Entrust Private Wealth Management has announced a merger with Finovia, a Melbourne-based funds manager backed by the private investment arm of the Wyllie family.

Alkane boosts coffers with $107m raising

Alkane Resources has set out to raise $107 million to fund the development of two significant resource projects in New South Wales.

Waratah completes $3.5m placement

Waratah Resources has launched a $3.5 million capital raising to advance exploration efforts at its suite of iron ore projects in the Democratic Republic of Congo.

Exxaro moves to mop up African Iron

South Africa’s Exxaro Resources has taken its stake in takeover target African Iron to 97.88 per cent, allowing it to compulsorily acquire the remaining shares in the company.

GCU spends $2m on $9m listing plan

Goldfields Credit Union has lodged a prospectus ahead of its long-awaited stockmarket float, revealing that it will spend $1.86 million to demutualise and raise $9 million in new capital.

Equatorial accepts $65m offer for African Iron stake

Equatorial Resources has accepted South African miner Exxaro’s $65 million offer to purchase its 20.5 per cent stake in takeover target African Iron.

Bunbury's Giacci Group sells for $119m

Bunbury’s Giacci family has sold its trucking and bulk haulage business Giacci Group to listed company Qube Logistics for $119 million.

Junior miners tap market for $24 million

Perth-based exploration juniors Jacka Resources, Excelsior Gold and MOD Resources have launched capital raising initiatives worth approximately $24 million collectively.

Ampella lines up $47m to boost coffers

Ampella Mining has raised $47 million to continue exploration and complete feasibility studies at its Burkina Faso gold projects.

PMI to raise $35m for Obotan

PMI Gold Corporation has entered a share purchase agreement with a syndicate of underwriters to raise $C35 million ($A32.8 million) to complete feasibility studies for its Obotan gold project in Ghana

Number crunchers put the pieces in place

OFTEN overlooked in the chest-thumping world of corporate finance are the accounting firms that perform many of the transactional elements of each deal.

Northern Star raises $45m, eyes acquisitions

Gold miner Northern Star Resources has raised $45 million to boost its balance sheet, saying it is now well-funded to pursue aggressive exploration at its Paulsens and Ashburton gold projects, and to

Catalyst invests in Bhagwan Marine

Geraldton company Bhagwan Marine is planning to expand its oil & gas services business after gaining financial backing from private equity group Catalyst Investment Managers.

STW's Cannings buys into Purple

Listed company STW Group has added to its Perth media and communications interests by purchasing a 49 per cent shareholding in public and investor relations firm Purple Communications.

Excelsior raises $4.5m

Excelsior Gold has completed a $4.8 million capital raising to fund the development of its Kalgoorlie North gold project.

Arafura, Raisama slash board numbers

Perth companies Arafura Resources and Raisama have both slashed the size of their board of directors, in order to cut costs as they continue long-running negotiations over the funding and development

IronClad boosts coffers by further $3m

IronClad Mining has announced a further $3 million capital raising to fund the development of the Wilcherry Hill iron ore project in South Australia.

Flinders gets court approval for takeover

Flinders Mines, owner of the Pilbara iron ore project in Western Australia, has received initial court approval for its $554 million takeover offer from Russia's Magnitogorsk Iron and Steel Works.

Blackgold buys Chinese barge company

Coal miner Blackgold International has acquired a Chinese barge transport business in a deal worth approximately $23 million.

Perth’s top PR firms take cream in year’s big plays

FTI Consulting and Professional Public Relations are the top financial PR firms in Perth, WA Business News’ annual corporate finance survey has found.

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