News Articles

Deals 23 Apr 2019

Apollo raises $6m

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.

Food & Drink 12 Apr 2019

Gage Roads raises $8m for canning

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.

Deals 04 Apr 2019

Capricorn to raise $10.1m

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

Deals 29 Mar 2019

Otto to raise $31m

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.

Deals 28 Mar 2019

Gascoyne to raise $24.5m as liabilities pile up

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.

Special Reports 28 Mar 2019

Outward looking, export focused

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

Special Reports 21 Jan 2019

Goldman, Freehills top deal tables

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

Mining 06 Dec 2018

West African, VDM, Genesis to raise $60m

Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.

Deals 09 Nov 2018

Salt Lake in $13m raising

Salt Lake Potash has tapped investors for $13 million to fund development of its Goldfields salt lakes project.

Deals 08 Oct 2018

SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.

Deals 01 Oct 2018

Stealth to list after Heatleys acquisition

Perth company Stealth Global Holdings will start trading on the ASX tomorrow after completing a $12.5 million IPO and paying $9 million for local firm Heatleys Safety and Industrial.

Mining 20 Aug 2018

Gascoyne to raise up to $24m

Gold miner Gascoyne Resources has announced a $19 million equity placement, along with a share purchase plan to raise up to $5 million.

Financial Services 16 Jul 2018

Growth in alternative financing

SPECIAL REPORT: Private equity groups and credit funds are delivering a diverse range of financing options for mining projects.

Financial Services 16 Jul 2018

New corporate advisory players lift market share

SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.

Mining 11 Jul 2018

Dacian to raise $45m

Dacian Gold has announced a capital raising worth up to $45 million to fund exploration at its Mt Morgans operation near Laverton.

Deals 20 Jun 2018

Local tech firms raise $13m

Two local biotech companies have announced capital raisings today, with Botanix Pharmaceuticals tapping investors for $8 million, while Roto-Gro International has boosted its coffers with a $4.5 million raising.

Deals 12 Jun 2018

GCS and SRG to merge into $332m group

Perth companies Global Construction Services and SRG have announced an agreed merger that brings together their contracting, construction and engineering services into a combined group with an expected value of $332 million.

Food & Drink 08 Jun 2018

Gage Roads buys Matso's for $16m

Gage Roads Brewing Company has struck a deal to purchase Matso's Broome Brewery for $16.1 million, along with a $12 million capital raising to fund the acquisition.

Mining 25 May 2018

Perilya, Creasy invest $19m in Myanmar

Chinese-owned mining company Perilya will take a 20 per cent stake in Myanmar Metals as part of a planned capital raising worth up to $35 million to fund its share of the Bawdwin base metals project.

Mining 21 May 2018

Paringa raises $30m

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

Mining 02 May 2018

Vital in $15m tungsten sale

Subiaco-based Vital Metals has agreed to sell its tungsten project in Queensland to Tungsten Mining for a cash consideration of $15 million.

Mining 13 Apr 2018

Genesis raises $5m

Perth-based Genesis Minerals has received commitments to raise $5 million through a share placement, with the funds to be spent on a drilling program and a feasibility study at its Ulysses gold project.

Deals 09 Apr 2018

AWE, Finders battles add M&A spice

SPECIAL REPORT: Corporate advisory firm Argonaut had a lead role in two of the most hotly contested takeover battles in WA in recent times.

Deals 21 Feb 2018

Primary receives $37.5m takeover offer

After selling its Southern Cross gold operation last year, Chinese-owned Hanking Gold Mining has made a takeover proposal for Primary Gold worth $37.5 million.

Deals 15 Jan 2018

New players chasing finance deals as opportunities align

SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.

Energy 08 Dec 2017

Chinese group launches $463m AWE takeover bid

A Chinese state-owned energy company has stepped up its efforts to gain control of the Waitsia gas field north of Perth, launching a hostile bid today for oil and gas group AWE after withdrawing its proposal for a friendly takeover earlier this week.

Energy 05 Dec 2017

AWE shares dive after Chinese withdraw bid

AWE shares have tumbled after the Chinese state-owned energy corporation interested in buying the Australian oil and gas group withdrew its $430 million proposal, after it was unable to conduct a final due diligence review on the target.

News 30 Nov 2017

AWE shares jump on takeover bid

Shares in oil and gas group AWE have jumped more than 20 per cent following a $430 million takeover bid from a Chinese state-owned energy corporation.

Deals 22 Nov 2017

$21m share placement for Gascoyne

Gascoyne Resources has raised $21 million through a heavily oversubscribed share placement to fund further exploration and development at two of its Western Australian gold projects.

Deals 06 Nov 2017

Strong support for cobalt miner's $20m raising

Australian Mines has raised $20 million through a strongly supported share placement, while denying any involvement in the leaking of details regarding the placement to the media.

Deals 31 Oct 2017

Finders disputes takeover claims

The independent directors of Finders Resources have questioned some of the claims and assumptions used by Indonesian group Eastern Field Developments, which has announced a takeover offer for the West Perth company.

Deals 17 Oct 2017

Bryah begins trading after $5m IPO

Copper-gold explorer Bryah Resources has wrapped up its first day of trading on the ASX, after completing a $5 million initial public offering.

Deals 09 Oct 2017

Hartleys leads on capital deals

SPECIAL REPORT: Western Australian businesses participated in nearly 200 corporate finance transactions in the September quarter collectively worth $4.8 billion, research by Business News has found.

Deals 06 Oct 2017

Finders shareholders to make $177m takeover play

An Indonesian consortium has announced its intention to make an off-market takeover bid for copper miner Finders Resources, with the all-cash deal valuing the target at about $177 million.

Deals 15 Sep 2017

Juniors raise $13m

Four local mining hopefuls have raised $13.2 million between them for new projects, with Egan Street Resources and Ardea Resources in the two biggest deals.

Deals 29 Aug 2017

Ausdrill launches $100m raising

Mining services business Ausdrill has launched a $100 million capital raising to bolster its balance sheet, as it anticipates further growth in its African operations, and negotiated an expanded debt facility.

Deals 25 Jul 2017

Echo to raise $5m for gold project

Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna.

Energy 24 Jul 2017

Fracking moratorium hit to under-pressure gas plays

SPECIAL REPORT: Ongoing uncertainty over state government policy and a lengthy approvals process are muddying the waters for local energy hopefuls.

Deals 19 Jul 2017

Metro taps investors for $38m

Metro Mining shares were up 20 per cent after the bauxite hopeful announced the completion of a $38 million capital raising through Perth broking firm Argonaut.

Deals 06 Jul 2017

Bryah seeks ASX listing

A new Perth-based gold and copper-focused exploration company has announced plans to raise up to $6 million by way of an initial public offering and list on the ASX.

News Articles for Argonaut

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