Deals

Galaxy Resources says it has reached the minimum subscription caveat of its $47 million million capital raising, which was first launched in May and since extended twice, two days ahead of the offe

Specialist hydraulics manufacturer Pressure Dynamics will resume trading today as a new entity after its assets and trading name were acquired over the weekend by a consortium of three local engine

A Perth supplier of industrial water systems backed by local executives Peter Hood, Andy Byk, Gary Steinepreis and Tom Henderson, has continued its rapid growth with an acquisition in Queensland.

Antares Energy has raised just under $6 million to fund drilling activities at its Northern Star and Southern Star oil and gas prospects in West Texas.

Perth-based oil and gas play Zeta Petroleum has acquired a block of highly-prospective oil acreage in Romania for up to $US2.8 million.

Perth mid-tier accounting firm RSM Bird Cameron has increased its focus on the Queensland market by merging with MHM Accountants in Brisbane. The deal which will see 30 staff from MHM join RSM Bird Cameron is the most recent of several acquisitions after RSM acquired businesses in Port Lincoln, South Australia and Ballarat, Victoria.

Australia's biggest owner of natural gas pipelines APA Group has approached leading natural gas distributor Envestra Limited about a merger proposal.

Analytical testing services group ALS will spend nearly $600 million on two acquisitions to increase its exposure to the growing oil and gas industries.

Troy Resources has moved to acquire the remaining shares it does not already own in Azimuth Resources, after meeting the minimum acceptance provision of its $188 million takeover bid.

Chile-focused copper explorer Hot Chili has secured $11.7 million to continue development of its Productora copper project in Chile.

Virgin Australia has completed the purchase of a 60 per cent stake in Tigerair Australia.

Kagara Mining's distressed asset firesale has hit a speed bump, with the purchaser of the collapsed base metals miner's remaining Queensland mines missing a deadline to pay $6 million worth of depo

Africa-focused coal explorer Lemur Resources is urging shareholders to reject a $19 million takeover offered by UK-based Bushveld Minerals.

Forge Resources has picked up $8.5 million by selling a part of its stake in the Balla Balla magnetite iron ore project in the Pilbara to its joint venture partner, New Zealand's Todd Corporation.

Hannans Reward and Avalon Minerals are embroiled in a dispute over $2 million Hannans says it is owed as consideration for the sale of the Discovery Zone copper-iron prospect in northern Sweden.

OM Holdings has finalised a $US315 million project financing facility for its Ferro Alloy smelting project in Sarawak, Malaysia.

Hong Kong investment house Dingyi Group has made a formal $190 million takeover offer for Perth-based explorer Elemental Minerals.

Troy Resources has finalised a $40 million financing facility to boost working capital as it progresses a $188 million merger with Azimuth Resources.

Private equity group Resource Capital Funds has emerged as MZI Resources largest shareholder by taking up $3 million worth of the company's shares.

Rey Resources has reached agreement to sell its Duchess Paradise coal project in the Canning Basin to its Hong Kong-based major shareholder for $21 million.

Administrators for collapsed miner Kagara have sold off the company's remaining Queensland assets in two deals worth more than $71 million.

Charter Hall has bought a shopping centre in Perth's southern suburbs for $33.2 million.

Gold producer Apex Minerals has been placed into receivership following an attempt to raise $1 million to repair a generator at its Wiluna mine.

Paladin Energy shares fell by more than 10 per cent after it delayed until August a deal to sell a stake in an African uranium mine.

Coal miner ZYL's stock plunged on the ASX today, after it told the market it would no longer proceed with the purchase of a mine in South Africa.

Junior miners Chrysalis Resources and Emergent Resources have turned to Chinese investors for funding.

Scotland-based energy technology company Proserv has acquired specialist subsea engineering business Velocious, which was established in Perth seven years ago.

A UK-based business has swooped on Cool Clear Water Group, buying the Perth-based water purification and dispensing system distributor for $60 million.

Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.

Rialto Energy is seeking to raise up to $21 million to fund exploration and development work at its oil and gas acreage off the coast of Cote d'Ivoire.

Fast-growing Geraldton business Bhagwan Marine has expanded its service offering and geographical presence through the acquisition of a Northern Territory marine services business.

A further $9 million has been wiped from the market value of Elders after it rejected an offer to buy its rural services business.