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IMDEX buys Flexidrill for $40m

Global mining-tech company Imdex has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash.

Scentre Group buys into Garden City for $570m

Garden City Booragoon will soon be rebranded as Westfield Booragoon, after Scentre Group acquired a half stake in the shopping mall from AMP Capital for $570 million.

US software group buys Perth’s Meercat

Perth company Meercat, which counts some of Australia's largest businesses among its client base, is planning a global rollout of its RiskView software after being bought by Chicago-based VelocityEHS.

Pioneer signs $120m scheme with Carlyle

Pioneer Credit has named US investment group Carlyle as preferred bidder to acquire the business, at a price of $1.82 per share, a large discount to the company’s latest closing price of $2.46 per share.

Panoramic rejects IGO $312m takeover bid

Panoramic Resources has formally rejected the takeover bid from Independence Group and confirmed it is seeking to raise $31 million to fund its operations, including the underperforming Savannah nickel mine.

Legacy to raise $11.7m

Legacy Iron Ore has received commitments to raise $11.74 million through a four-for-one rights issue, primarily to accelerate production at the Mt Celia gold project in Western Australia.

Orthocell to raise $18m

Bio-therapeutic company Orthocell has received commitments to raise $13 million from a share placement and up to a further $5 million from a share purchase plan, primarily to accelerate the commercialisation of its CelGro flagship product.

Ausgold to raise $3.6m

Junior explorer Ausgold has received commitments to raise $2.4 million through a share placement and up to $1.2 million via a share purchase plan to fast-track exploration at the company’s Katanning gold project in Western Australia.

Danakali to raise $74m

Perth-based Danakali will receive a $US50 million investment from Africa Finance Corporation to fund the development and construction of its Colluli potash project in West Africa.

Galaxy receives Alita debt repayment

Alita Resources has repaid $US32.5 million ($A47 million) to its major shareholder and creditor Galaxy Resources, which confirmed today it would not pursue its planned acquisition of the lithium miner

Chinese group bids for lithium miner

Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.

Uranium, gold explorers to raise $14m

Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.

Alkane to raise $55m

Alkane Resources has received commitments to raise $20 million through a share placement, and up to $34.8 million through a 1-for-8 rights issue, to accelerate exploration and development programs in the Tomingley gold corridor in New South Wales.

NRW confirms BGC acquisition

NRW Holdings has purchased BGC Contracting for $116.4 million in cash, three weeks after it was named preferred bidder, and plans a capital raising of $130 million to fund the transaction.

AFG directors in $27.6m sale

Two Australian Finance Group founders have sold shares worth about $27.6 million, about 5 per cent of the company, as they plan to diversify their portfolios.

Catalyst to raise $8m

West Perth-based Catalyst Metals has received commitments to raise $7.9 million through a share placement, backed by Gina Rinehart's Hancock Prospecting, to accelerate its Four Eagles and Tandarra gold projects in Victoria.

iCetana signs Hartleys for IPO

Western Australia’s latest initial public offering has brought together an unlikely pairing – a tech company that has been strongly supported by venture capital investors and a stockbroking firm that has traditionally focused on the mining sector.

WA Group buys White Ribbon

Not-for-profit group Communicare Inc has announced the acquisition of White Ribbon Australia, following negotiations with liquidators Worrells Solvency and Forensic Accountants.

APM hikes Konekt takeover offer, again

West Perth-based APM has been forced to lift its takeover bid for ASX-listed Konekt for a second time, increasing its offer price from 64 cents to 70 cents per share, to match a second higher offer from competing bidder Maximus.

Veris sells Elton business for $13m

Perth-based Veris has sold its advisory service arm Elton Consulting to global engineering group WSP for $13 million, in a bid to retire debt and strengthen the company's cash position.

Winchester to raise $6.4m

US-focused Winchester Energy has received commitments to raise $6.4 million through a share placement to fast-track oil exploration and production activities at its Permian Basin project in Texas.

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