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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.

RAC launches $3m seed fund

Startup businesses in Perth have access to a new source of funding after the Royal Automobile Club of WA launched a $3 million investment fund last night, while also disclosing it is a substantial shareholder in fast growing blockchain business Power Ledger.

OpenDNA acquires new digital agency

Subiaco-based marketing business OpenDNA has completed a $2.5 million placement and announced it will acquire Perth-based Choose Digital and Chinese-focused RooLife.

$5m IPO for nickel, cobalt hopeful

Shares in nickel and cobalt hopeful Aldoro Resources will begin trading on the ASX tomorrow, after a $5 million initial public offering.

Corporate finance deals Sep 3 to 7, 2018

Aspire Mining is pleased to announce that pre-commitments for the minimum $1.7 million dollar raising condition of the $15m Strategic Funding package have been received.

MinRes takes position in cobalt hopeful

Mineral Resources has continued to diversify its interests, taking a $2 million stake in West Perth-based Barra Resources, which is developing the Mt Thirsty cobalt project near Norseman.

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