Deals

Gold explorer Apollo Consolidated is raising $10 million through a share placement to advance drilling activities at its flagship Lake Rebecca project in Western Australia.

A new childcare centre in North Coogee has been sold off-market to a syndicate arranged by Perdaman for $7.1 million.

Junior gold explorer Alto Metals has received an off-market takeover bid from Chinese-owned Goldsea Australia Mining in an all-cash deal worth $20.7 million.

Mineral sands company Iluka Resources is planning to demerge its BHP iron ore royalty business into a new ASX-listed entity, while at the same time announcing its 2019 full-year results.

Panoramic Resources has sold a portion of shares in its Perth-based subsidiary, Horizon Gold, to the company’s major shareholder for $5.5 million.

A $15 billion merger between Vodafone Australia and TPG Telecom has been given the green light in the federal court, but the consumer watchdog says it will cause mobile data prices to rise.

Magmatic Resources has secured commitments to raise $5 million from a share placement to explore its tenements in the East Lachlan gold-copper province in NSW.

Australia’s consumer watchdog has raised concerns over the proposed acquisition of mortgage aggregator Connective by Perth-based Australian Finance Group, as the merged group will have nearly 40 per cent market share.

DXN has signed a purchase agreement with telco services provider TasmaNet to acquire its data centre in Hobart, while announcing plans to raise $6 million to fund the acquisition.

Emerald Clinics and Little Green Pharma have both completed their initial public offerings ahead of stock market listings this month, with Emerald getting ready for its ASX debut tomorrow.

PSC Insurance Group has purchased Perth-based Ultimate Safety Solutions Australia (USSA) and the majority of shares in Eden Software, which owns USSA’s SafeX technology, for an upfront payment of $700,000.

Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.

Alicanto Minerals has exercised its option to acquire Zaffer Australian which owns the Oxberg and Naverberg Volcanogenic Massive Sulphide Projects within the highly endowed Cu-Au-Zn-Pb-Ag Bergslage

Henderson-based Volt Power Group has signed an agreement with Chevron to trial a mobile solar light tower at the oil and gas company's Barrow Island LNG facility.

The Yamatji Indigenous community has celebrated a landmark economic package and native title recognition for more than 100,000 hectares of land in Western Australia’s Mid West.

Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.

Perth-based explorers Technology Metals and Artemis Resources have each raised $2.1 million through share placements, while South Australian company Twenty Seven Co is seeking to raise $1.6 million to explore its tenements in Western Australia’s Goldfields region.

Biotech company Zelira Therapeutics has received commitments to raise around $4.6 million from a share placement, while rent.com.au is planning an underwritten $2.9 million rights issue.

Rio Tinto and Telstra have announced shorter payment terms for small and medium Australian businesses, whereby SMEs will be paid within 20 days of a valid invoice receipt.

A summary of the smaller deals from last week, which may not have been included in our daily news coverage.

Dunsborough-based Nauti-Craft has taken a notable step toward commercialising its marine suspension technology in global markets after signing an agreement with Yanmar Shipbuilding & Engineering Co.

Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.

Rio Tinto has confirmed it will proceed with the next phase of its exploration joint venture at the Citadel copper-gold project, located in the Pilbara's Paterson province, but has extended the time it has to spend $14 million from three years to five years.

Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.

Barrick Gold has resolved a three-year tax dispute with the Tanzanian government, which has lifted a ban on minerals exports, potentially providing a pathway to production for a contingent of Western Australia-headquartered miners and exploration firms.

A summary of the smaller deals from last week, which did not get included in our daily news coverage.

Wearable tech company Nuheara has secured $2.5 million from a New York-based institutional fund manager to support the commercialisation of its recently-released hearing device.

88 Energy has received commitments to raise $5 million through a share placement to fund the evaluation of the company’s assets in Alaska, including the Charlie-1 appraisal well.

Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.

Gold explorer Emerald Resources is seeking to raise $75 million through a share placement to develop its Okvau project in Cambodia, while also finalising a $US60 million ($A88 million) loan with Sprott Private Wealth.

Subiaco-based Carbine Resources has signed an agreement to purchase Cockatoo Iron in a scrip deal worth $12 million.

Deloitte has acquired Perth-founded Global IO, which will join the company’s consulting practices in Australia, Canada and Chile.