Pioneer Credit takeover in doubt

Pioneer Credit has accused its major lender and takeover bidder, US private equity group Carlyle, of trying to either push down its $120 million takeover offer to a very low price or withdraw from the deal altogether.

Anova revises $6.7m raising

Anova Metals has cut the pricing of its planned entitlement offer from 1 cent per share to 0.7 cents to reflect the downturn in equity markets.

LNG Ltd loses Singaporean takeover offer

A multi-million takeover offer for Australian company Liquefied Natural Gas Ltd (LNGL) has fallen through, sending its shares down by more than 35 per cent today.

Biotech companies in $24m merger

South Perth-based Bard1 Life Sciences is forming a new cancer diagnostic business with a fellow listed medtech company in Victoria.

Dacian Gold to raise $98m

Dacian Gold has announced details of a partially underwritten capital raising priced at just 30 cents per share as it seeks to strengthen its balance sheet and rebuild its mining operations.

Blackstone raises $6.8m

Blackstone Minerals is raising $6.8 million from a share placement to an overseas nickel manufacturer, as part of an agreement to co-develop a nickel processing facility in northern Vietnam.

Edtech group expands offshore

Education technology company Education Horizons Group, which counts Perth-based SEQTA Software among its portfolio, has made its largest acquisition, in the UK.

Strandline closer to Fungoni development

Strandline Resources is on track to develop its first project in Tanzania after signing a $US26 million ($A43 million) finance facility agreement with an Africa-based lender.

Zeta lends Panoramic $8m

Panoramic Resources will receive an $8 million unsecured loan from major shareholder Zeta Resources to fund activities at the Savannah nickel mine in Western Australia.

Flinders seeks $14.5m

Emerging iron ore company Flinders Mines is looking to raise up to $14.52 million under a non-renounceable rights issue, with the funds primarily used to repay a loan from its major shareholder Todd Corporation.

Red 5 to raise $125m

Goldminer Red 5 is raising $125 million from a two-tranche share placement to fund the final feasibility study for its King of the Hills gold mine in Western Australia.

Otto Energy seeks up to $17.5m in funding

Oil and gas explorer Otto Energy is looking to raise up to $17.5 million, despite current market conditions, to fund the development of its well in the Gulf of Mexico.

Pilbara signs new lithium buyer

Pilbara Minerals has signed a five-year offtake agreement with China-based Yibin Tianyi to supply lithium from its Pilgangoora project in Western Australia.

Bellevue Gold to raise $26.5m

Bellevue Gold has received commitments to raise $26.5 million through a share placement, as the company seeks to upgrade resources at its flagship project in Western Australia.

Strandline completes $6.5m raising

Strandline Resources has completed a raising announced in January, while Southern Gold has cut the size and pricing of a planned capital raising.

MinRes in $30m asset sale

Mineral Resources boss Chris Ellison has struck a deal with his brother Andrew Ellison’s company to sell two of its non-core manganese assets while also providing project funding and mining services assistance.

Ramelius reaches 50.5% interest in Spectrum

More than half of Spectrum Metals shareholders have accepted $208 million takeover by Ramelius Resources, resulting in a wholly unconditional offer.

Nordgold makes $227m Cardinal move

Russia-based Nordgold is looking to expand its operations in Africa by making a takeover bid for Cardinal Resources after increasing its stake in the West Perth-based company to nearly 20 per cent.

Horizon secures up to $6m in funding

Horizon Minerals has executed a $4 million loan facility with a German investment group, while also announcing a share placement to raise $2 million to fund the development of its Boorara gold project in Western Australia.

Anglo to raise $5.5m

Gold explorer Anglo Australian has received commitments to raise $5.5 million through a share placement to fast-track exploration at its wholly-owned Mandilla project in Western Australia.

US investor backs APM

Perth-based human services firm APM Group has attracted a new majority shareholder after three years of strong growth that has seen it nearly triple staff numbers to 6,500 across 10 countries.