News Articles for Argonaut

Stock broking advisory Argonaut has launched a two-pronged campaign to assist victims of the Wooroloo bushfire, establishing the Brokerage for Bushfire Relief initiative.

For the second year running, Macquarie Capital and Canaccord Genuity have topped Business News' league table for capital raisings.

A post-pandemic bounce back in initial public offerings could indicate confidence among WA investors.

Perth-based Myanmar Metals has sought up to $9.5 million from a capital raising to go towards the restart of its Bawdin mine.

Aspiring gold producer De Grey Mining has received commitments to raise $100 million, which it will use to fund ongoing exploration at its Mallina project in the Pilbara.

Stockbroking firm Argonaut has announced two high-profile recruits, while Canaccord Genuity has also bolstered its Perth team. Both firms have recruited new people from Hartleys,

Gold explorer Pantoro will use $50 million raised from a share placement to accelerate exploration activity at the company's Norseman joint venture project in the Eastern Goldfields.

Perth-based fund managers beat the market last financial year but are divided on future investment strategies.

Corporate finance group Argonaut has rejoined the funds management sector, with executive director David Franklyn saying investors need to rethink their approach to the resources sector.

Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.

Gage Roads Brewing Company is raising $5.2 million through an institutional placement, with the funds being used to strengthen its balance sheet and position the company for growth.

The administrators of Gascoyne Resources have recommended creditors support the planned deed of company arrangement for the gold miner rather than an 11th hour alternative from China's Hanking Gold Mining.

Genesis Minerals has bolstered its Ulysses gold project with the acquisition of the nearby Kookynie project for $13.5 million, enhancing its prospects of joining the ranks of mid-tier gold producers.

St George Mining has launched a new capital raising to secure further funding for its Mt Alexander nickel-copper sulphide project in Western Australia, with the next major drill program to begin this month.

Gold junior De Grey Mining is raising $31.2 million from a share placement to continue exploring its Mallina project in the Pilbara, with a focus on the recently announced Hemi discovery.

Rare earth explorer Northern Minerals is seeking up to $27 million from a capital raising to fund its development projects, as well as cover costs associated with the Browns Range pilot plant.

Anova Metals has cut the pricing of its planned entitlement offer from 1 cent per share to 0.7 cents to reflect the downturn in equity markets.

Bellevue Gold has received commitments to raise $26.5 million through a share placement, as the company seeks to upgrade resources at its flagship project in Western Australia.

Gold explorer Anova Metals will appoint a new managing director upon completion of a proposed $3.9 million capital raising, while also entering into a loan agreement with a Hong Kong-based investment group for $2.5 million.

The Supreme Court has disclosed that company director Russell Moran could have settled his dispute with broking firm Argonaut by paying $2 million; instead he went to trial and has now been ordered to pay in excess of $37 million.

Gold explorer Apollo Consolidated is raising $10 million through a share placement to advance drilling activities at its flagship Lake Rebecca project in Western Australia.

Finance group Argonaut has won a Supreme Court ruling against Perth company director Russell Moran, who could owe in excess of $30 million after taking out a high-interest loan six years ago to buy

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

Nickel-explorer St George Mining has completed an institutional-led placement to raise $5.8 in funding for its flagship project at Mt Alexander, in the north-eastern Goldfields of Western Australia.

UPDATED: Focus Minerals has opted to continue negotiating with Horizon Minerals over the sale of its Coolgardie gold project, despite Hong Kong-listed Hanking Gold Mining submitting an alternative offer.

Paringa Resources is seeking to raise $8.1 million, while Mali Lithium is on the hunt for $5.3 million, both via rights issues.

Agrimin has raised $8 million via a share placement to fund the completion of the definitive feasibility study for its Mackay potash project.

Botanix Pharmaceuticals is set to raise $40 million via a share placement, less than two months after it released studies suggesting its cannabis compound could be used as an antimicrobial to mitigate superbugs.

Northern Minerals is set to raise $30 million via a private share placement as it seeks to advance its Browns Range rare earths project in the east Kimberley.

Our weekly appointment wrap includes Scott Jones, Terry Waldron, Reg Howard-Smith, David Buckingham, Philip Mirams, Colin Pavlovich, Ken Michael, Lee Broomhall, Kelly Howlett, Tim Youe, Joshua Byrne, David Templeman, Anne Banks-McAllister, Peter Snowsill, Martin Hirsch, Michael Winlo, Charles Fear, Patrick Beilby, Biljana Radulovic, Hector West, Matthew Seabrook, Arash Kalani, Simon Pigliardo, Kathy Reid, Melissa Joyce, Nada Raphael, Fredrick Riebeling, Gina Nofal, and Nicola Jansen.

The end of the financial year has triggered the sale of a spate of long-running private companies in Western Australia, including global tech leader Immersive Technologies, mining consultancy CSA Global and Action Industrial Catering.

Myanmar Metals is seeking to raise $30 million for its flagship Bawdwin zinc-lead project in the South East Asian country, via a share placement and rights issue.

Pantoro is set to acquire a 50 per cent stake in the Central Norseman gold project from Norseman Gold in a cash and scrip deal worth $45 million, and will raise $43 million via a share placement to fund the transaction.

Apollo Consolidated has raised $6 million via a share placement, with the funds set to primarily go towards drilling at the company's flagship Lake Rebecca gold project.

Gage Roads Brewing Company has raised $8 million via a share placement, with the funds raised to go towards its new canned beer product strategy.

Gold aspirant Capricorn Metals has announced a $10.1 million rights issue, while the company assess sale options, including being acquired.

North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.

Struggling gold miner Gascoyne Resources has announced a share placement and rights issue at a 50 per cent discount to its previous closing price, as it seeks to pay down some of its mounting debts.

Over the years, WA business has finessed its offering, from commodities to services, the arts and sophisticated technologies.

SPECIAL REPORT: Corporate finance dealmakers in Perth worked on just more than 800 transactions last year worth $51 billion.