Our daily board moves wrap includes Uwe Henke Von Parpart, David Welch, Alistair Cowden, Mark Hanlon, Anthony McIntosh, Victor Rajasooriar, Richard Hill, Ryan Gurner, Sarah Curnow, Kate Stoney, John Zimmerman, Mark Calderwood, Paul Kitto, and Daniel Noonan.
Northern Star Resources has surpassed a 50 per cent stake in takeover target Echo Resources, and has moved swiftly to change the board of the gold junior.
SPECIAL REPORT: The September quarter update to the BNiQ deals database shows that UBS, Sternship Advisors and Azure Capital have been the most active corporate advisers in the Western Australian market.
Northern Star Resources has announced a $193 million takeover offer to acquire Echo Resources, less than an hour after executive chairman Bill Beament said the company was exploring a range of growth options to take advantage of the high gold price.
Our daily board moves wrap includes Scott Reid, Brian Thomas, Alistair Cowden, Barry Bolitho, Robin Dean, Victoria Allinson, Dougal Ferguson, and Craig Nelmes.
Sacgasco has executed an Agreement with Raven Energy and its Bombora subsidiaries to acquire various working interests in the Alvares, Dempsey and Dempsey Trend Projects in the Sacramento Basin.
Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.
Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October.
George Ventouras has resigned as non-executive director of Apollo Consolidated, having served on the board since 2009. He will be involved with the company in an executive consulting capacity.
Perth mining executive Michael Ruane is seeking a board spill at Empire Resources, less than two months after the gold miner was forced to restructure its board due to a push from a separate group of dissident shareholders.
Echo Resources has released a bankable feasibility study for its Yandal gold project in Western Australia, with the company forecasting a $39.3 million capital expenditure for the mine.
Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia.
Local exploration company Top End Minerals, with the backing of prominent prospector Mark Creasy, has received shareholder approval to raise funds for the purchase of a zinc project in Myanmar and repay its creditors, as it deals with a number of issues left unresolved by its previous board.
Echo Resources and Metaliko Resources are expected to announce a tie-up this week, after the two ASX-listed companies with assets in the eastern Goldfields region announced trading halts today.
Echo Resources says it will cost just $2.9 million to bring its Julius gold project into production, while Empire Resources expects to begin mining at its Penny's Find gold project in the coming three months.
Local gold explorer Echo Resources has received firm commitments for a $3.23 million capital raising to fund ongoing work at its Julius project in the Goldfields.
The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.
