Eureka Energy says Aurora Oil & Gas has no grounds to withdraw its takeover offer, despite the suitor admitting its lawyers were looking at the possibility of dropping the bid over concerns with a
UCL Resources has flipped the script on hostile suitor Minemakers, launching a $US50 million counter takeover bid for the Perth-based minerals explorer.
Panoramic Resources has moved a step closer to completing its $40 million takeover of Magma Metals, with the target recommending its shareholders accept the bid.
US giant General Electric (GE) aims to increase its presence in the resources sector through friendly takeovers of two mining equipment businesses, ASX-listed Industrea and US-based Fairchild Internat
Mirabela Nickel has launched a $120 million capital raising, to boost the company’s coffers after its stocks plunged to a near all-time lows due to tough conditions in the nickel market.
ASX and Toronto-listed Aurora Oil and Gas has beefed up its holding in the highly-prospective Sugarloaf shale gas field in the United States, snapping up a 6 per cent stake for $US95 million ($95.3 mi
Perth-based law firm Balance Legal is merging with regional player Advent Lawyers - forming a new group with four offices in Australia and Singapore, and plans to expand.
Cape Lambert Resources says it has reached agreement to sell its Leichhardt copper project in Queensland for $25 million, less than two years after purchasing it for $7.75 million.
Gold and base metals explorer Bora Bora Resources is set to list on the Australian Securities Exchange, after raising $2.5 million through its initial public offering.
Emu Nickel has abandoned plans to purchase the Hillgrove antimony-gold project from Straits Resources for $40 million, after it failed to raise sufficient funds to cover the purchase.
Panoramic Resources has waived the last remaining condition on its $40 million takeover bid for Magma Metals, after increasing its stake in the target to just over 44 per cent.
Indian conglomerate Jindal Steel and Power has taken a significant stake in Apollo Minerals, part of a $3.6 million capital raising for the Perth-based iron ore explorer.
Panoramic Resources has acquired the Panton platinum project in the east Kimberley from Platinum Australia, for $5.25 million plus a 0.5 per cent royalty.
Panoramic Resources has moved closer to completing its hostile $40 million takeover of Magma Metals, with the suitor’s third-largest shareholder moving to accept the bid.
Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.
