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NSL in $10m raising

Iron ore-focused NSL Consolidated has tapped investors for $10 million to fund an expansion of its Kurnool wet beneficiation plant in India.

Carnarvon in $20m raising

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.

Surtech sold to Qteq

Brisbane-based georesources company Qteq is set to acquire local data logging company Surtech Systems in cash and scrip for an undisclosed sum.

Latitude sells $2m gold project

West Perth-based Latitude Consolidated has agreed to sell its Mt Ida gold project near Leonora to Alt Resources in a cash and scrip deal worth $2 million.

Artemis sells off $20m Novo stake

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.

Helloworld takes $3m stake in Perth travel firm

ASX-listed travel company Helloworld has taken a majority stake in Asia Escape Holidays, four years after a backdoor listing plan by Asia Escape and two other Perth travel agencies fell through.

Rox to spin-out gold project

West Perth-based Rox Resources has announced plans to spin-out its Mt Fisher gold project into a newly established company, Helios Gold, via an initial public offering.

Beadell in $US23m raising

Gold miner Beadell Resources has raised $US23 million ($30 million) via a share placement and convertible debentures to fund an upgrade of its Tucano mine.

West African raises $35m

Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.

Battery hopefuls pick up $50m

Two Western Australian mining juniors focused on battery-related commodities have secured $50 million to advance their projects in Africa.

Steinberg-backed fund completes $160m purchase

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.

Risco plans $30m Tap Oil takeover

After overhauling Tap Oil’s board earlier this year, major shareholder Risco Energy Investments has made a $29.8 million takeover offer for the Perth-based oil and gas company.

Austal makes $9m US purchase

Local shipbuilder Austal has expanded its footprint in the US with the acquisition of technology company ElectraWatch in a cash deal worth $US6.7 million ($9 million).

Adriatic debuts after $10m IPO

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.

MinRes to sell minority Wodgina lithium stake

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.

Miners raise $56m

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 in $80m east coast buy

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.

Local tech raisings down

Local startups and young technology companies registered a big decline in funds raised in the March quarter compared to December, according to the latest report from tech sector analysts Techboard.

Mitsui move to compulsory acquisition

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.

Corporate finance deals Apr 16 to 20 2018

Tungsten Mining has announced a placement to sophisticated and institutional investors to raise approximately $20 million.

Apollo to spin-out Fraser Range assets

Perth-based Apollo Minerals has announced plans to spin-out its Fraser Range assets via an initial public offering, as the company focuses on its European tungsten and gold projects.

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