Gold developer Norton Gold Fields has taken a stake of 10.8 per cent in Phoenix Gold, but has clarified it has “no present intention to make a takeover offer”.
Blackgold International Holdings has negotiated terms for a $S25 million ($A22.9 million) convertible bond issue, to supplement working capital and for acquisitions.
Shares in Geopacific were up 9.3 per cent today as the company announced a $3 million rights issue, with the company planning to step up exploration activity at its Cambodian Kou Sa project.
Western Australia’s first ever uranium mine could be a step closer towards completion, with uranium developer Toro Energy completing a $3.9 million raising to fund its Wiluna project.
Southern Cross Care WA has purchased the state government-owned Kaleeya Hospital in East Fremantle for $17.5 million, which is the first property sold under the state government’s asset sales program
Western Australian companies are on the outer in the quarterly reshuffle of the S&P ASX indices, with local players including Iluka Resources and Medusa Mining dropping out.
Shares in Bradken have soared to a two-month high on the back of a conditional takeover proposal, as the heavy equipment manufacturer continues to close its factories and shed jobs across Perth.
Shares in diversified mining and infrastructure contractor Decmil Group gained up to 9.2 per cent on the ASX today, following its announcement of an on market share buy-back for up to 10 per cent of the company’s shares.
Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.
Engineering giant Monadelphous Group will enter the water market with the purchase of diversified design, build and maintenance business Water Infrastructure Group for about $6 million.
Dongyi Hua-led VDM Group is looking to strengthen its balance sheet by signing a share placement agreement with a private investor to raise $3 million.
Cash Converters International says it plans to raise $45 million to help terminate commissions to development agents on its rapidly growing personal loans business.
Oil and gas producer Neon Energy has said the result of its recent shareholder meeting gives it a mandate to pursue a merger with Melbourne-based MEO, despite receiving renewed notice that key shareholder Evoworld Corporation will call a meeting to remove directors.
Subiaco-based White Star Resources, which is in the process of acquiring a technology business, will seek shareholder approval to increase its previously announced capital raising to $5 million, to accommodate a new prominent cornerstone investor.
National Lifestyle Villages is planning a major expansion after signing an innovative $150 million partnership deal with Blackstone, the second international private equity group to back the Perth business.
Transport and logistics group Toll Holdings has announced that its marine logistics business will focus on the offshore LNG sector, after completing the sale of several operations in northern Australia and Asia.
Shares in Perth-based contractor OTOC have surged on news it is looking to expand its presence on the east coast with the acquisition of Sydney-based Geo-Metric Surveying for up to $12 million.
