Nedlands-based pharmaceutical company PharmAust has raised about $3.1 million in an oversubscribed placement to fund clinical trials for its cancer drug.
Gleneagle Gold announced its intention to exit the resources sector through the back door today, with a proposal to buy a Melbourne-based unlisted biotechnology company for a share package worth $2 million.
Emeco Holdings has diversified its business outside the mining sector by purchasing truck and trailer rental company Rentco, which was founded in 1994 by Perth brothers Bob and John Shier, in a structured deal worth at least $52 million.
Sydney-based TPG Telecom and its competitor iiNet scored a rare double today after announcing a friendly takeover offer, with shares in both the bidder and its Subiaco-based target rising strongly as investors welcomed the combination as a logical strategic fit.
Oil and gas company Neon Energy has reversed its decision to accept Evoworld Corporation’s takeover proposal, after an independent expert's report found the deal to be unfair.
The companies that run Melbourne’s trams and the Gold Coast’s privately owned light rail service are set to enter the Western Australian market after buying one of Perth’s major bus operators.
Tech companies Dubber Corporation and xTV Networks have announced major new deals after completing backdoor listings on the ASX, with investors in Dubber sitting on healthy gains today.
Shares in Gulf Minerals Corporation surged on news it had signed a $26.3 million equity funding deal with Sigur Holdings to cover development costs at its manganese smelting project in Indonesia.
Iron ore rivals BHP Billiton and Rio Tinto are united in their forecast more high-cost producers will leave the market, but have stopped short of predicting how Western Australia’s higher-cost producers will fare over time.
Perth-based minerals explorer Rift Valley Resources has signed a deal to wholly acquire the Mtemi Resources Group of Companies after completing a $4 million capital raising.
Oil and gas modelling software provider Stochastic Simulation has entered into a $5 million deal to acquire modelling technology from Predrill Stresses International.
Perth-based PLD Corporation will proceed with acquiring three zinc and nickel projects, including collapsed miner Kagara’s Admiral Bay zinc project, now that it has secured about $10 million from two mining finance managers, including Resource Capital Funds.
CI Resources will investigate new investment opportunities in the palm oil, phosphate and fertiliser industries, following its compulsory acquisition of all remaining shares in Phosphate Resources.
West Perth- based explorer Sheffield Resources will sell its Oxley potash project, near Geraldton, to South Australian Centrex Metals for $2.5 million.
Welshpool-based Mount Ridley Mines has announced a $3.24 million placement for exploration at its Fraser Range nickel-copper project, with the company already receiving commitments in excess of this amount.
