Perth companies MCS Security Group and Intiga Security are planning to list on the ASX through a reverse takeover of Red Gum Resources, following a similar move by Threat Protect Australia, which is also pursuing a backdoor listing.
Boutique law firms Borrello Legal and Graham & Associates have joined forces, with principal partner Mark Borrello saying the merger would provide a solid platform to establish the company as a leader in property, commercial law, and dispute resolution.
Perth-based telecommunications business Vonex’s backdoor listing through acquisition by Aleator Energy has received a big boost after the Aleator share purchase plan closed 374 per cent oversubscribed.
A Singaporean supplier of cranes and heavy machinery has emerged as a substantial shareholder of mining services player McAleese Group, spending over $3 million to acquire more than 9 per cent of the company.
Shares in technology hopeful Oz Brewing jumped 33.3 per cent after it concluded a reverse takeover deal with 3D printing company 333D, which was more than a year in the making.
Local oil and gas explorer 88 Energy has received firm commitments for a $12 million capital raising to fund ongoing work at its Icewine project in Alaska.
The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.
Atlas Iron managing director David Flanagan has described the results of the iron ore miner’s capital raising as an immense vote of confidence in the business, despite achieving just less than half of its $180 million target.
Mining services company Austin Engineering has launched a $31.6 million entitlement offer through broking firms Argonaut and Bell Potter, with the proceeds to be used to reduce debt.
Local company Prairie Mining has raised $15 million from UK-based CD Capital for the development of its Lublin coal project, with the potential for the private equity fund to invest a further $68 million.
The private equity group seeking control of Mungana Goldmines has lifted its takeover bid to 17 cents per share, above recent trading levels but below the valuations of the company’s independent expert.
RNI shareholders lodged a big protest today, with many voting against resolutions at a general meeting, which was held three days after the debt-laden gold company extended the timing of its $25 million entitlements offer for a second time.
HHG Legal Group has expanded its regional network, acquiring a practice in Mandurah to add to its offices in Albany and Mt Barker, and its main operation in West Perth.
Bradken has sold its Bassendean engineering facility to Sydney property group Charter Hall in an off-market sale and leaseback deal worth about $32.8 million, while the Champion Drive Shopping Centre in Seville Grove has been sold for $13.5 million.
