Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.
Gina Rinehart has followed fellow iron ore magnate Andrew Forrest’s lead and expanded her interests to include cattle farming, reportedly spending $40 million on a half-stake in two cattle stations in
Nedlands-based TFS Corporation has announced the purchase of an established Indian sandalwood plantation, with the purchase expected to boost its net profit as a result of a revaluation of the trees.
National healthcare group Healthscope has lodged its prospectus ahead of a float worth up to $2.5 billion, the biggest initial public offering in Australia in 2014.
The Farooq Khan-led Bentley Capital has revealed that it received an $8.4 million offer from a mystery bidder for its stake in the ASX-listed cash shell Molopo Energy.
Rey Resources has entered into an agreement to raise $3 million which will fund a new well in the perth basin, as AWE also this week commenced drilling a new well in the same region.
Baosteel and Aurizon are set to take control of Aquila Resources after another major shareholder threw their support behind the $1.4 billion takeover deal.
Cradle Resources has tapped the investors to raise $3.6 million, while also receiving the first $US5 million tranche of payment as part of its divestment of a 50 per cent stake in its Panda Hill niobium project in Tanzania to Tremont Investments.
Perth exploration firm Hannans Reward has entered into a joint venture agreement with Reed Resources for 20 per cent interest in its Lake Johnston nickel sulphide project west of Norseman.
Perth based hydrocarbon production firm Antares Energy has announced it intends to place 9.75 million convertible notes at an issue price of $2.00 per note to raise $19.5 million.
Aquila Resources’ share price has stabilised at just below its $3.40 per share takeover offer, indicating the market is backing Baosteel and Aurizon to succeed with their $1.4 billion takeover.
Perth gold exploration firm Enterprise Metals has completed a capital raising of $1.2 million, which was achieved through the placement of 24 million shares valued at 5 cents per share.
National residential developer Stockland has added to its Western Australian portfolio, acquiring two parcels of land totalling 65.7 hectares in two transactions worth a combined $58.1 million.
Perth-based Safety Medical Products is focusing its activities back in the medical sphere, signing an agreement to acquire an unlisted 3D printing company six months after backing out of a deal to purchase a gold exploration project in Brazil.
