Perth-based Volt Resources has raised $4.7 million through a strongly supported exercise of listed options, with the proceeds to be used to develop the company’s Tanzanian graphite project.
Engineering and construction group Valmec has tapped investors for $5.1 million through a strongly supported share placement that will strengthen the company’s balance sheet.
City of Perth Lord Mayor Lisa Scaffidi says she is focused on diversifying the city’s economy away from the mining industry as she returns to work after a four-month absence.
Troubled sandalwood producer Quintis says its board intends to advise shareholders to vote against a series of resolutions to spill the board, while also announcing a one week extension on its forbearance agreement.
Mustang Resources has secured a $19.9 million funding package from US institutional investor Arena Investors LP through a multi-tranche convertible note facility, while also announcing plans to raise up to $4 million via an entitlement offer.
The state government has announced six more local businesses that will operate at the new $75 million Yagan Square development, set to be opened next month.
Australia is in a commanding position after the second day of the final Ashes test, sitting at 2-193 with Steve Smith unbeaten on 44 and Usman Khawaja on 91.
The state government has approved an application from local business Old Salt to install a $2 million event barge on the Swan River near Elizabeth Quay.
Belmont-based Pindan has been awarded an $18 million state government building contract in Carnarvon, while Bunbury-based Perkins Builders has received an $8 million government contract.
Struggling gold producer Blackham Resources has released positive production results for December after being given a two-week reprieve on a $14 million debt repayment earlier this week.
Western Australia’s automotive industry has finished the year down 2.5per cent in new vehicle sales relative to last year, after a drop in sales for December ended a two-month run of strong growth.
Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership.