News Articles for Argonaut

Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.

Lithium exploration at Forrestania, north of Ravensthorpe, will be a priority for Marindi Metals after the company completed a capital raising worth nearly $3.2 million.

Artificial intelligence company OpenDNA has wrapped up its first day of trading on the ASX after completing an $8 million initial public offering.

Artificial intelligence company OpenDNA has announced plans to list on the ASX, with Perth-based stockbroker Argonaut to lead a $10 million initial public offering.

Graphite hopeful Kibaran Resources has received firm commitments for a $10.9 million capital raising to fund development work at its Epanko project in Tanzania.

Perth-based Rox Resources accepted a revised offer from Marindi Metals for its stake in the Reward zinc-lead project in the Northern Territory, with the new cash-and-scrip deal worth $21 million.

The Australian Securities Exchange has delayed the introduction of tougher listing requirements by three months, after stockbrokers and corporate advisers expressed concern about the changes.

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Medical dermatology company Botanix Pharmaceuticals has enjoyed healthy gains on its first day of trading on the ASX, after completing a reverse takeover of Bone Medical.

Fifteen local broking, legal and advisory firms have teamed up to put forward their concerns with the ASX's proposed changes to its listing requirements, and to advocate three particular amendments.

Local junior miners Marindi Metals and Agrimin have announced plans to raise a combined $5.5 million to fund ongoing work at their respective projects.

Local explorer Dakota Minerals has tapped investors for a $12.3 million capital raising to fund development of its Lynas Find lithium project in the Pilbara.

Gold Road Resources has announced the second-largest capital raising by a Western Australian company for the year, which it will use to fund ongoing work at its Gruyere gold project near Laverton.

Perth-based Bone Medical has made a second attempt at a backdoor listing, today announcing plans to acquire a US dermatology company and adopt its business model.

Brian J Rear has resigned as a director of Horseshoe Metals.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

Southern Gold has cancelled plans to conduct a capital raising to offshore investors, while Norwest Energy amended the terms of its own raising just hours after it was announced to the market.

Local explorer Dacian Gold has kicked off a $25 million capital raising to fund ongoing work at its Mt Morgans project near Laverton, where it hopes to start construction in 2017.

MZI Resources will raise up to $45 million to repay loans and fund ongoing work, as its Keysbrook mineral sands project moves into production.

Millennium Minerals has kicked off a $21 million capital raising to pay off its debt and fund an ‘aggressive' exploration campaign at its Nullagine gold project in the Pilbara.

Perth security company Threat Protect Australia marked its listing on the ASX today with news it has completed due diligence on one of two planned acquisitions.

Three fast-growing gold miners have undertaken further expansion moves in Western Australia, with Evolution Mining announcing its intention to make a takeover offer for Phoenix Gold.

Chinese company Zijin Mining Group has pressed ahead with its unsolicited takeover bid for Phoenix Gold, despite Evolution Mining's recent on-market acquisitions at a price 20 per cent above that which Zijin is offering.

SPECIAL REPORT: Global oil prices may have halved in the past 18 months, but WA onshore energy players like their prospects.

The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.

Mining services company Austin Engineering has launched a $31.6 million entitlement offer through broking firms Argonaut and Bell Potter, with the proceeds to be used to reduce debt.

The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $47 million.

Gold Road Resources has raised $39.3 million in an oversubscribed placement and is now fully funded to complete a feasibility study on its Gruyere project east of Laverton.

Troy Resources has announced a $40 million capital raising to fund exploration and development of its Karouni gold project in Guyana.

Kibaran Resources has kicked off a $5.1 million capital raising to fund ongoing work on its flagship Epanko graphite project in Africa.

Matrix Composites & Engineering has resumed dividend payments after reporting a net profit of $3.9 million on the back of a 21 per cent increase in sales revenue.

Perth-based minerals explorer ABM Resources has announced plans to tap investors for a $14.2 million capital raising to fund development of the Old Pirate gold deposit in the Northern Territory.

Gold developer Norton Gold Fields has taken a stake of 10.8 per cent in Phoenix Gold, but has clarified it has “no present intention to make a takeover offer”.

Support from Perth's corporate sector has helped provide a transport solution for Food Rescue, potentially doubling the amount of fresh food the organisation can collect from the central business district.

Gold miner Doray Minerals is hoping for a market re-rating after announcing a scrip takeover of Mutiny Gold today, but its goal of becoming a two-mine mid-tier producer failed to impress the market.

The weak iron ore price has cast a shadow over the state government's asset sales agenda and raised concerns the commodity's slump will affect the sale price for the Kwinana Bulk Terminal and the Utah Point port.

Nickel miner Western Areas has had a slight share price uplift on the release of its September quarter results and annual report.Its shares closed today at $4.34, up 2.8 per cent.

Perth-based explorer Gold Road Resources has received commitments for a $23.2 million capital raising, with the company keen to further explore gold targets identified within its tenement holding on the Yamarna Belt.

Subiaco-based explorer Aspire Mining has announced a $2.2 million placement to sophisticated investors for drilling at its Nuurstei coal project in northern Mongolia.

Western Australian financial advisers and stockbrokers have dismissed a report that found public-listed companies were paying nearly 50 per cent too much to raise capital.