The tally of new ASX listings from Western Australia remains at just two this year, with Gold Tiger Resources (Australia) canning its IPO after being hit by weak equity markets and gold sector woes and having to issue a supplementary prospectus.
Perth-based telecommunications company Norwood Systems has tapped the market for nearly $2.1 million to fund ongoing development and commercialisation of its products.
Technology company Family Zone Cyber Safety has wrapped up its first day of trading on the ASX, after completing an oversubscribed initial public offering to raise $6 million.
Rare earths miner Peak Resources plans to restructure its funding arrangements to increase its stake in the Ngualla joint venture, with a $7 million capital raising put forward to investors.
Perth tech companies Norwood Systems and rent.com.au have completed capital raisings worth a combined $9.3 million, with Norwood planning to raise a further $1.5 million to fund further marketing of its products.
Cassini Resources has raised $10 million via a share placement with the proceeds earmarked for exploration activities its recently acquired West Musgrave nickel project.
Patersons Securities has retained top spot in WA Business News' annual survey of capital raisings, followed by Hartleys, Euroz Securities and Macquarie Capital Advisers.
