Silver Lake Resources has entered into a binding heads of agreement with a private consortium for the sale of its Lakewood Mill near Kalgoorlie for $5.5 million.
Kin Mining has negotiated a revised deal to acquire the Leonora gold project, after previous backer Geolord Resources said it planned to terminate its support for a capital raising.
West Perth-based oil and gas explorer Target Energy has tapped its major shareholder Wyllie Group for $3 million through a convertible note issue, and is undertaking an entitlement offer to raise up to $2.9 million.
Subiaco-based explorer Anova Metals says it has received commitments for a $1.69 million capital raising to fund drilling and permitting programs at its Big Springs project in Nevada.
ASX-listed IT firm Empired has bought Wellington-based Intergen for $17.4 million in cash and shares to build the biggest trans-Tasman Microsoft services provider.
Two major national contractors are embroiled in takeovers, with Tenix Holdings on the receiving end of a $300 million bid by Downer EDI, and Transfield Services revealling it has received a $1 billion takeover bid from a Spanish building giant.
Perth-based online education services provider iCollege has entered into a binding heads of agreement to fully acquire Dynamic Learning Services for $4 million.
Shares in Perth-based gold explorer Talisman Mining have surged more than 70 per cent after the company announced it had entered into a binding agreement for Swiss-based Glencore’s Sinclair nickel project in the Goldfields for $10 million.
Former copper and gold explorer Quintessential Resources has moved another step towards its scrip takeover of technology incubation company Yonder and Beyond with the appointment of Y&B chief executive Shashi Fernando as a non-executive director.
The number of backdoor listings or reverse takeovers in Western Australia is likely to rise after a change in ASX policy has simplified the process for emerging companies to access capital via existing entities.
Automotive Holdings Group has walked away from a potential sale of its Covs Parts business to Burson Group, which hoped to use the 25 stores as an entry into the WA market.
Biotech firm Virax Holdings' shares have jumped 40 per cent after announcing it's set to take over US government funded clinical trials of a drug to treat terminal cancers.
Melbourne-based Partners Wealth Group has expanded its Western Australian presence by acquiring a 50 per cent interest in Mandurah-based Merideon Wealth Strategies for an undisclosed amount.
Red Mountain Mining has withdrawn its $1.4 million rights issue after underwriter Patersons Securities terminated the agreement, as the company’s share price closed lower than the offer price of 0.8 cents for three days.
Perth-based explorer Hawkley Oil & Gas has entered into a binding term sheet for the sale of its Ukraine oil and gas operations to Black Star Petroleum in exchange for 600 million shares.
Woodside Petroleum has finalised an agreement with Noble Energy and Glencore International to farm in to the Tilapia Production Sharing Contract off the coast of Cameroon.
A joint venture between AusGroup and Japanese-based Meisei Industrial has won a $197 million subcontract for industrial work at Inpex’s Ichthys liquefied natural gas project near Darwin.
Minerals explorer Potash West has secured $2.9 million as part of an oversubscribed 5 cent placement to fund development at its Dandaragan Trough projects near Perth and Kullestedt potash project i
Aspen Group will secure majority ownership of Aspen Parks Property Fund, following the Takeover Panel’s rejection of Discovery Holiday Parks’ applications for a declaration of unacceptable circumstances.
Mutiny Gold has signed a memorandum of understanding with GR Engineering Services for the construction of a processing facility at its Deflector copper-gold project in the Mid West.
Exploration firm Energia Minerals says it has received shareholder approval to place $6 million towards its flagship Gorno zinc project in Italy, with pre-development activities planned to begin within six weeks.
Perth-based marine farming company Cell Aquaculture has cancelled a deal with Noble Rate to buy its Roxy Casino in Cambodia after it failed to source skilled workers and keep up with ongoing reporting procedures.
Perth-based contractor and surveyor OTOC has obtained approval for an $8.1 million debt facility from the Commonwealth Bank of Australia, on top of an $8.2 million facility it was awarded from the CBA last year.
Stavely Minerals has secured a $2 million share subscription agreement with its contracted drilling services company, Titeline Drilling, under which Stavely can partly pay its monthly drilling bill in lieu of Titeline’s share subscription payment.
