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Navitas up 21% on $2bn takeover

Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.

Wood & Grieve acquired by Stantec

Wood & Grieve Engineers is set to be acquired by international company Stantec, nearly 60 years after the Perth-based company was established.

$2bn takeover bid for Navitas

Navitas co-founder and former managing director Rod Jones has backed an indicative takeover bid for the education services company led by Australian private equity giant BGH Capital.

BCI confirms multiple interest

BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer.

Hancock secures 90% of Atlas

Gina Rinehart’s Hancock Prospecting plans to focus on how to integrate Atlas Iron’s operations into its existing business after acquiring more than a 90 per cent shareholding in the struggling iron ore miner.

Kin plans $10m raising

Gold-focused Kin Mining has announced plans to raise up to $10.4 million via an entitlement offer, while also revealing it has received interest for potential acquisition deals.

Brokers’ best business in mining services

Tighter lending conditions likely after the banking royal commission will be a hurdle for business brokers who are seeing a slow improvement in their market.

Quantify to raise $4m

Perth-based Quantify Technology Holdings has announced a $4 million capital raising to progress the commercialisation of the company’s flagship device.

Gold revival boosts deal flow

SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.

Mining, energy take IPO reins

SPECIAL REPORT: A significant uptick in the number of resources stock floats in WA mirrors a national trend driven by improved investor sentiment and rising commodity prices.

Doray in $10m Andy Well sale

Gold miner Doray Minerals has announced the sale of its mothballed Andy Well project near Meekatharra to Canadian company Galane Gold in a deal worth $10 million.

Panel rules against Bullseye funding deal

The Takeovers Panel has declared unacceptable circumstances in relation to a proposed funding deal for unlisted public company Bullseye Mining.

Breaker raises $11m

Breaker Resources has tapped investors for $10.5 million to progress a study at its Lake Roe gold project east of Kalgoorlie.

Stealth to list after Heatleys acquisition

Perth company Stealth Global Holdings will start trading on the ASX tomorrow after completing a $12.5 million IPO and paying $9 million for local firm Heatleys Safety and Industrial.

Corporate finance deals Sep 24 to 28, 2018

Lepidico is pleased to advise that the Renounceable Entitlements Offer announced on 3 September 2018 has been well supported by the Company’s shareholders and new investors and closed significantly ov

Regis pulls pin on Capricorn deal

Regis Resources has withdrawn its $85.3 million takeover proposal for Capricorn Metals, after the gold aspirant’s largest shareholder, Hawke’s Point, rejected the indicative deal.

Carnegie CEO departs, asset sales to be renegotiated

Carnegie Clean Energy’s long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

FMG sells off Atlas stake

Fortescue Metals Group has sold its blocking stake in Atlas Iron, after Gina Rinehart’s Hancock Prospecting increased its takeover offer for a second time last week.

Eastern Goldfields secures $75m recapitalisation

Struggling gold producer Eastern Goldfields has announced a $75 million recapitalisation deal and board overhaul led by private mining services company Adaman Resources.

Tawana secures $40m funding deal

Lithium producer Tawana Resources has secured a $40 million funding package with a consortium led by Tribeca Investment Partners, with its planned merger with joint venture partner Alliance Mineral Assets expected to be completed in November.

Tech Mpire raises $2.4m

Tech Mpire has announced a $2.4 million capital raising to market its TrafficGuard advertising fraud prevention technology.

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