Deals

Alicanto Minerals has today announced it has received firm commitments for a placement of 10 million shares to raise $1.5 million, and will be offering an additional $300,000 share purchase plan to eligible shareholders.

Perth-based Liquefied Natural Gas has agreed to buy out Anadarko Petroleum Corporation’s Bear Head LNG project for $US11 million.

Perth based copper explorer Avanco Resources has finalised a deal with global resources funds management giant BlackRock, which will provide $US12 million to fund development of the Antas North site in Brazil.

Kalgoorlie-based MacPhersons Resources has announced a new share placement to raise up $10.4 million to fund a bankable feasibility study on its Nimbus silver project.

Gold and copper explorer Silver Lake Resources has reached agreement with Newcrest Mining for acquisition of its share of the Mount Monger joint venture for around $1.5 million.

Retail veteran Solomon Lew has accepted a $210 million offer for his stake in Country Road, ending his long standoff with the new owner of David Jones.

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

Perth-based Paladin Energy has settled the sale of a 25 per cent stake in its flagship Langer Heinrich uranium mine in Nambia, under a deal originally announced to the market in January this year.

Balcatta-based Sirius Resources has announced a $189 million capital raising to help develop its Nova nickel project near Norseman.

Perth-based mineral explorer GBM Resources has announced plans to raise $1.14 million through the placement of 57 million shares to investors valued at 2 cents per share.

Kin Mining has struck a $3 million funding deal with Geolord Resources to complete its acquisition of the Leonora gold project.

Mid-tier business broker Mergers & Acquisitions has broadened its exposure to international markets through a tie-up with European corporate advisory firm, Translink Corporate Finance.

Uranium Equities has announced a one for three rights issue and placement to raise up to $1.5 million for its Alligator Rivers uranium field and general working capital.

Perth-based Swan Gold Mining has completed a one-for-10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $20 million and debt to equity conversion of more than $29 million.

Revelations of Rupert Murdoch's $80 billion attempt to create the world's biggest media company has sparked speculation it will lead to a bid for Australia's Ten Network.

Shares in Perth gold miner Minera Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $US5.5million.

The $2.2 billion foreign takeover of David Jones will go ahead, after the Federal Court approved the sale of Australia's oldest department store to South Africa's Woolworths.

Perth-based Papillon Resources has agreed to amend the terms of its merger agreement with B2Gold to provide a new incentive for some of its shareholders.

Two months after acquiring fraccing technology developer Ecopropp, energy company Coretrack has completed a successful raising of $2 million to advance the new business.

Perth-based gold miner Doray Minerals has agreed to purchase a majority interest in Archean Star Resources’ Gnaweeda gold project in the Murchison region of Western Australia.

Global investment bank Pareto Securities has opened its first office in Perth, with plans to supply bond finance to resources companies based in Australia.

Aurora Minerals has executed a three way deal with African Lion and Predictive Discovery, offering African Lion an $800,000 placement and in return receiving a 17.2 per cent slice in Predictive.

Australia's biggest blind and curtain maker, Kresta Holdings, has received a formal bid from Chinese sunshade manufacturer with a $34.5 million takeover offer.

More than 176 years after its first store opened in Sydney, David Jones is passing into foreign hands after shareholders overwhelmingly backed a $2.2 billion takeover.

Beach Energy has accepted Woodside Petroleum's offer to acquire a 70 per cent interest in the Lake Tanganyika basin in Tanzania.

Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.

Kalgoorlie-based Phoenix Gold has agreed to purchase St Ives Gold Mining Company’s heap leach processing plant near Kambalda for $2 million.

If all goes to plan, David Jones, Australia's oldest department store, will shift into foreign hands on Monday.

The Deloitte WA Index declined in June after positive performance in the previous month, with the market capitalisation of Western Australian listed companies decreasing by 3.1 per cent to close the month at $149.3 billion.

Minerals explorer Newera Resources has announced an entitlements issue to raise just over a $1 million.

The Australian Competition and Consumer Commission has raised concerns about the sale of four Western Australian Supa IGA stores to the Wesfarmers-owned Coles.

Perth technology entrepreneur Zhenya Tsvetnenko is taking another of his ventures public with a second reverse takeover of a struggling mining stock in four months.