Carnarvon Petroleum has boosted its coffers with a $16 million capital raising to fund drilling at its Buffalo oil field in the North West Shelf, while also announcing a share purchase plan to raise up to $4 million.
Artemis Resources has announced plans to sell its stake in Canadian joint venture partner Novo Resources for $20.7 million, with the proceeds set to be spent on exploration at the company’s conglomerate gold assets in the Pilbara.
A new business backed by Quadrant Private Equity and the Perth-based family of Timezone founder Malcolm Steinberg has completed the purchase of Ardent Leisure Group’s bowling and entertainment division.
Peter Bilbe-led Adriatic Metals began trading on the ASX today, after the company raised $10 million via an initial public offering to fund exploration work at its Veovaca and Rupice projects in Europe.
Applecross-based Mineral Resources is looking to sell a 49 per cent stake in its Wodgina lithium project, as work to investigate the feasibility of a lithium hydroxide or carbonate processing plant at the site continues.
New Century Resources has raised $40 million to complete the restart of its zinc mine in Queensland, while Vimy Resources and Geopacific Resources have tapped investors for $6 million and $10 million respectively.
Emeco Holdings has made its fifth big acquisition in the past three years, acquiring Queensland-based Matilda Equipment for $80 million while also announcing a $90 million capital raising to fund the purchase.
Japanese group Mitsui & Co has begun the compulsory acquisition process of Waitsia gas field operator AWE, after increasing its stake in the oil and gas company above the 90 per cent threshold last week.