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Regis Resources has withdrawn its $85.3 million takeover proposal for Capricorn Metals, after the gold aspirant’s largest shareholder, Hawke’s Point, rejected the indicative deal.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

Vanadium players mark potential

Improving market conditions have led to positive news for a number of local vanadium outfits.

Black Rock signs graphite agreement

Black Rock Mining has signed a strategic agreement with a Chinese machinery company to supply plant equipment and source up to $US40 million ($55 million) for the graphite explorer’s Mahenge project in Tanzania.

Blackham in $23m deal

Gold producer Blackham Resources has announced a $23 million funding deal with New York-based fund manager The Lind Partners to repay lender Orion and finalise an expansion study for the Wiluna project.

$100m for Oakajee, Sundance projects

A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.

Corporate finance deals Sep 17 to 21, 2018

Vango Mining, which is focused on the exploration and development of the Plutonic Dome Gold Project located in the Midwest Region of Western Australia is pleased to announce an off-market takeover off

Rolek plans $5m IPO

West Perth-based Rolek Resources has launched a $5 million initial public offering, with the company planning a backdoor listing via Shaw River Manganese.

Protean in $3m South Korean investment

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

AIC in takeover deal

Joseph El-Raghy-led AIC Resources has agreed to a reverse takeover deal with NSW-based Intrepid Mines.

ResApp raises $7.5m

Medical tech company ResApp Health has announced a $7.5 million capital raising as it moves to commercialise its smartphone app, which aims to diagnose and manage respiratory diseases.

Corporate finance deals Sep 10 to 14, 2018

Advanced Braking Technology is pleased to announce the completion of its non-renounceable Retail Entitlement Offer.

Poseidon averts Asic objection

Aspiring miner Poseidon Nickel has completed a $69 million entitlement offer without having to call on support from its sub-underwriter, Andrew Forrest’s Squadron Resources.

WA tech firms raised $295m

Western Australian startups and ‘young’ tech companies raised $295 million last financial year, which was 8.3 per cent of the amount raised nationally, a new report has found.

Asic challenges Forrest's Poseidon deal

The corporate regulator has objected to an underwriting deal under which Andrew Forrest’s Squadron Resources could end up with as much as 61 per cent of Poseidon Nickel.

Phylogica in $9.1m recapitalisation

Shares in biomedical technology business Phylogica were up 13 per cent today after the company announced it had completed a $9.1 million recapitalisation.

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