Deals

Tap Oil has flagged a range of cost-cutting strategies while announcing a $6.75 million capital raising to pay back debt, after final terms of a refinancing deal with Macquarie Bank fell through.

Curtin University has become the latest sponsor of Hockey Australia, leveraging the fact that Australia’s globally dominant teams are based at the Bentley campus.

Eden Energy, which is seeking to commericalise its innovative concrete product, is looking to wipe out its debt by completing a $6.1 million capital raising, with its major shareholder committing to over a third of the offer.

VDM Group is expected to seek debt funding from its largest shareholder after a planned $18 million equity capital raising with an unnamed investor fell through.

One of the nation’s leading providers of no-interest loans is preparing to merge with a Western Australian charity in order to remain viable.

Doubleview-based Ausnet Real Estate Services, which is backed by mortgage aggregator Finsure and led by chief executive Paul Niardone, is seeking an ASX listing through a reverse takeover of Namibian Copper, which saw its share price crash by more than 50 per cent after the deal was announced.

Austal has won a $63 million contract to build two patrol boats for the Australian Department of Defence, with the terms of the deal signed with National Australia Bank including a buy-back clause.

A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.

Window blinds manufacturer and retailer Kresta Holdings has been provided with a CNY50 million ($A10.6 million) loan by its Chinese parent company to pay off an existing facility and expand its east coast manufacturing operations.

Perth company directors Ian Middlemas and Domenic Martino have joined a flurry of pre-Christmas M&A deals that are valued at nearly $300 million, and designed to revive moribund resources companies.

Gleneagle Gold will make a second attempt at a reverse takeover with plans to buy a local unlisted medical cannabis company in a deal worth about $8 million.

Parmelia Resources has announced plans for a reverse takeover of a NSW-based software company, while one of the first local companies to complete a backdoor listing has flagged a new acquisition.

Broadspectrum has suggested that Spanish infrastructure giant Ferrovial has undervalued the detention centre operator with its $715 million takeover bid.

Woodside Petroleum has formally abandoned its attempted takeover of rival energy company Oil Search by withdrawing its $11.6 billion bid.

Iluka Resources has terminated its long-running takeover discussions with Ireland-based Kenmare Resources, after being advised that Kenmare’s major shareholder would not support the planned acquisition.

Spanish infrastructure giant Ferrovial has announced a $715 million takeover bid for Australian contractor Broadspectrum, which was formerly known as Transfield Services.

Rapidly growing online booking company HealthEngine has gained backing from newly established private equity group Go Capital and carsales.com.au founder Greg Roebuck in its latest $5 million capit

Perth-based technology company Peppermint Innovation is planning to take its mobile payments technology across South-East Asia after listing on the ASX through a reverse takeover of Chrysalis Resources completed today.

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.

Perth-based explorer Goldphyre Resources has entered into an agreement to purchase a large area of potash-prospective land near Kalgoorlie, which is owned by prominent prospector Mark Creasy.

A former gold mining company led by Peter Gunzburg has announced plans for a reverse takeover and backdoor listing of a Swiss biotech firm.

Decmil Group has continued to diversify its business from the struggling resources sector by acquiring Osborne Park-based telecommunications solutions provider SC Services.

Kewdale company Goldstar Transport has struck a deal to buy the major assets of MJ & CM West Transport Services, nine months after another Pilbara-focused transport business changed hands.

Mineral sands explorer Sheffield Resources has raised $5 million for its Thunderbird project, and plans to bring in an additional $2 million via a share purchase plan.

Diploma Group has won a $52 million contract to build the Riverwood Apartments in Burswood, with work already underway.

Perth-based potash explorer Elemental Minerals has received a proposal from a private equity group for a $US40 million ($A55 million) investment in the business to advance its African assets.

A technology company led by former Alinta Energy boss Bob Browning is seeking an ASX listing through a reverse takeover of Perth-based Cove Resources.

Silver Lake Resources is selling off its non-core assets in the Murchison region, with Metals X acquiring its Comet gold project and Musgrave Minerals agreeing to buy a large portion of its Cue project.

Lithium hopeful Pilbara Minerals has raised $12 million in an oversubscribed placement to fund ongoing work at its flagship Pilgangoora project east of Port Hedland.

Shares in Perth-based Odin Energy have skyrocketed on news it plans to exit the resources industry by acquiring a tech company and re-list through the backdoor.

IT services provider Empired has grown its energy sector portfolio with the award of a $10 million contract by regional utility Horizon Power.

The directors’ interests table published in Monday morning’s email incorrectly showed that Valmec directors Vincent Goss and Stephen Zurhaar had sold $1.1 million of shares.