Resource Capital Funds is set to emerge with a near 30 per cent stake in Vimy Resources when the uranium company completes a $22 million capital boost to fund ongoing work at its Mulga Rock project in the eastern Goldfields.
The competition watchdog says it won't oppose Vocus Communications’ proposed acquisition of Nextgen Networks, plus two development projects, for up to $861 million.
Perth-based Emeco Holdings has gone into a trading halt ahead of announcing fresh merger plans, with Queensland-based Orionstone and Victoria-based Andy’s Earthmovers earmarked as the other players.
Local petroleum executive John Begg is planning to list his recently formed private company, Bombora Natural Energy, after striking a deal to farm-in to UIL Energy’s Perth Basin tenement.
Local recruitment agency Tecside Group has made its second acquisition for the year, announcing the purchase of Melbourne-based labour hire business In-Fusion for an undisclosed sum.
Perth-based contractor NRW Holdings has rattled the tin for $20 million to reduce its debt levels and place the company in a better position to pursue future opportunities.
Wellard chief executive Mauro Balzarini has sold a big chunk of his stake in the local agribusiness to a Chinese firm and repaid the company $16.3 million through his private investment vehicle.
Eden Energy today announced plans to raise a further $15 million to support the commercial roll-out of its innovative concrete additive product, having tapped investors for $10.3 million in May this year.
Today’s news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation’s The Sunday Times newspaper should come as no surprise – consumers have been losing interest in both for some time.
Mineral exploration companies Explaurum and Black Rock Mining have completed capital raisings totalling $10.5 million to advance their gold and graphite projects respectively.
Perth entrepreneur Mark Lapins is aiming to defy waning investor interest in tech startups, announcing plans for a backdoor listing that values his ‘internet of things’ firm, Quantify Technology, at $22 million.
Six years after buying into Bibra Lake-based InterGrain, agricultural biotech company Monsanto has decided to sell its 26 per cent stake in the government-backed grain breeding company.
Davenport Resources has launched a $5 million capital raising to support its plans to acquire a potash project majority owned by West Perth-based Potash West and list on the ASX.
Sir Ron Brierley-chaired Mercantile Investment Company appears to have been successful in its $21 million bid for Perth-domiciled, Singapore-based shipping business Richfield International.
Michael Fotios’s Eastern Goldfields has made its second strategic investment this week, announcing today a $6 million deal to earn-in to Windward Resources and Mark Creasy’s nickel and gold portfolio in the Fraser Range.
