Deals

Once seen as an attractive capital source for Australian companies, regulatory hurdles in Canada combined with depressed global markets have dampened enthusiasm for dual listings.

Oil and gas exploration play Pura Vida Energy will tap investors and financiers for up to $12 million, to fund the ramp-up of drilling activities at its newly-acquired Nkembe block, off the coast o

Gindalbie Metals has secured an agreement for a second $30 million loan from its joint venture partner in the Karara magnetite iron ore development, after delays in the project's production ramp up

Former agricultural investment company AACL Holdings has decided its future lies with a technology business established by Perth entrepereneur Gavin Burnett.

Aviva Corporation has sold its Mmamanstwe coal project in Botswana to fellow explorer African Energy Resources for $3.5 million.

China's second largest gold producer will invest $20 million in Perth-based explorer NKWE Platinum under a strategic partnership agreement announced today.

BHP Billiton has sold a copper mine in the US for $US650 million ($A634 million) as the resources giant continues to off-load assets.

Midas Resources has launched a $2.16 million capital raising plan to fund the expansion and exploration at its Lake Carey and Patersons province gold projects.

Car dealer network Automotive Holdings Group is increasing its presence in Victoria, snapping up two Toyota dealerships in Melbourne's northern suburbs for $20 million.

Troubled surfwear retailer Billabong has extended its exclusive takeover talks with the Sycamore consortium.

Mining Group announced today that it had restructured its previously announced entitlements issue at a new price of 2.5 cents per share.

Contract brewer Gage Roads says it is on track to bump its production capacity up to 3 million cartons per year by 2015, after securing $7.4 million through a share placement to supermarket giant W

New Zealand's Restaurant Brands, which operates KFC, Starbucks, Pizza Hut and Carl's Jr fast-food brands, has dismissed speculation it might be in the running to buy 40 KFC stores in Western Austra

Shares in Perth-based Swala Energy have slipped slightly on their ASX debut, dropping 1 cent in limited trade.

Macquarie Bank paid $20 million for a one fifth stake in Perth-based financial services group Homeloans.

Vanadium miner Atlantic has gotten its hands on $28.5 million in debt finance and has restructured its senior secured notes facility, giving the company some financial breathing space as it ramps u

Junior explorers Alcyone Resources and Golden West Resources are looking to raise capital through discounted rights issues worth a combined $21 million.

RCR Tomlinson has increased its takeover offer for Norfolk Group to $78 million, $16 million more than the indicative price it announced last month.

Titan Energy says it is on the lookout for new acquisitions after raising $2.16 million through a placement with Pendulum Capital.

Mexico-focused exploration firm Azure Minerals has secured $2.35 million from investors to finance drilling activities at its Cascada copper-gold-silver project .

Shares in Elemental Minerals leapt on the ASX today after the company received a non-binding takeover offer from a Hong Kong investment group.

Perth-based property group Peet says it will break new ground with a $76 million all-cash takeover offer for eastern states-based residential development group CIC Australia.

Industry groups have strongly criticised today's shock announcement that the state government is planning to merge energy utilities Verve and Synergy.

Shares in Sundance Resources plunged after resuming trade today, after it officially canned its $1.3 billion takeover deal with China's Hanlong Mining overnight.

Perth-based pipes and fitting manufacturer David Moss Group has announced the acquisition of Queensland-headquartered irrigation and draining products supplier PPI Corporation.

Southern Cross Goldfields will merge with Polymetals Mining, creating a gold miner with a market capitalisation of around $30 million.

Investment bank Gresham believes conditions are right for significant corporate finance activity in mining services as companies in the sector look at growth and diversification strategies.

Sundance Resources says it is concluding talks with suitor Hanlong Mining.

Sundance Resources has given Hanlong Mining until Monday to stump up a $5 million payment due under the companies' stalled takeover agreement.

Shares in troubled retailer Billabong have been suspended indefinitely so it can continue takeover talks with two potential suitors.

Sundance Resources is likely to end its takeover talks with Hanlong Mining and look for another Chinese suitor.

USA-based investment house Vulcan Phosphates has emerged as Minemakers' major shareholder, after investing more than $2.5 million in the Perth-based explorer.