Deals

Perth-based Matthew Woods will be the joint leader of KPMG's greatly expanded insolvency practice after the 'Big 4' accounting firm finalised a deal to acquire Ferrier Hodgson. The merged entity will have 27 partners nationally and be the largest practice in WA.

WA Super has confirmed a memorandum of understanding has been signed with two other superannuation funds to create an entity that would manage around $23 billion in assets for about 347,000 members.

Altura Mining has declared its Pilgangoora lithium project is now producing commercial amounts of lithium, while increasing its share purchase plan from $5 million to $10 million.

Tyre recycling company Pearl Global has signed a conditional placement agreement with cornerstone investor ROC Asset Management to fund the addition of thermal desorption units.

Listed investment firm Keybridge Capital has unwrapped a $20 million takeover bid for loss-making confectionary company Yowie.

Eon NRG is pleased to announce that the Company’s rights issue, as detailed in the Prospectus dated 6 February 2019, has been well supported by Eon’s shareholders and new investors and is now close

The board of Gindalbie Metals has recommended shareholders accept a takeover offer from its Karara project partner Ansteel, and has proposed to demerge its wholly-owned subsidiary Coda Minerals.

Panoramic Resources has announced its intention to raise $22.4 million via two share placements and an entitlement offer, while juniors Black Rock Mining and Kibaran Resources are also involved in capital raisings.

Newcrest Mining will pay Toronto-listed Imperial Metals Corp $US807 million ($A1.15 billion) for a majority stake in a Canadian copper and gold mine.

Argosy Minerals and Alta Zinc are both undertaking rights issues, to raise up to $6.2 million and $4.38 million, respectively.

Panoramic Resources will undertake a $19 million capital raising in return for favourable loan repayments to project financier Macquarie Bank, after production issues plagued its Savannah nickel-copper-cobalt project.

West Perth-based Northern Minerals and ASX-listed Golden Rim Resources have announced share placements of $3 million and $2.25 million, respectively.

Capricorn Metals advises that the Share Purchase Plan described in the offer booklet dated 6 February 2019 closed on 21 February 2019.

Catalyst Metals has announced that Gold Exploration Victoria, a subsidiary of Hancock Prospecting, has agreed to subscribe for a $13.02 million placement of Catalyst shares.

Westgold Resources will not go ahead with its planned purchase of Doray Minerals’ Andy Well and Gnaweeda gold projects.

Middle Island Resources has made a $9.4 million all-scrip takeover offer for fellow Western Australia-based gold junior Alto Metals.

Bardoc Gold will raise up to $11.3 million via a share placement and rights issue, while Ausgold will raise $1.8 million through a share placement, with both companies to put the funds towards their respective flagship projects.

BGC Australia has deferred indefinitely the sale of its core building materials and construction business because of weak market conditions but is pressing ahead with the sale of its contracting business and property assets.

Gina Rinehart’s Hancock Prospecting is aiming to further diversify its operations by taking over Sydney-based Riversdale Resources, which is focused on developing a new coal project in Canada.

China-based Chengtun Mining has launched an all-cash bid to buy Nzuri Copper at 37 cents per share.

After acquiring custom engineering firm Groves Manufacturing & Tooling on January 1, Nexxis will restructure and rebrand its new acquisition under the name SixDe, as it pushes into the robotics industry.

Evolution Mining has purchased a 19.9 per cent stake in Tribune Resources, which holds a major interest in the East Kundana project operated by Northern Star Resources.

Millennium Minerals has announced a $15 million rights issue, with the proceeds set to go towards the development of its Nullagine gold project.

Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres

Bellevue Gold has raised $20 million via a share placement, with the funds to go towards drilling at its namesake project located near the Goldfields town of Leinster.

Intrepid Mines and AIC Resources have agreed to a revised merger deal, less than three weeks after Intrepid’s initial attempt to acquire the Subico-based gold junior lapsed.

Technology Metals Australia has secured $4.5 million via a share placement, with the funds set to advance the definitive feasibility study on its flagship Gabanintha vanadium project, located 40 kilometres south of Meekatharra.

Nzuri Copper is pleased to announce that it has entered into a term sheet with its major shareholder, Tembo Capital Mining Fund LP, which sets out the commercial terms on which Tembo proposes to pr

Australis Oil & Gas is seeking to raise $30.5 million via a share placement, with the funds set progress its Tuscaloosa Marine Shale project in the US.

Liontown Resources has announced a $7.9 million capital raising, with the funds set to go towards project development activities at its Kathleen Valley lithium project, located 60 kilometres north of Leinster.

Carnarvon Petroleum has launched a $50 million share placement, with the funds set to primarily progress the commercialisation of the Dorado oil discovery, as part of its Phoenix project, located in the North West Shelf.

3D printer Aurora Labs has raised $5 million via a share placement, with the funds to be used primarily to fast track the completion of its rapid manufacturing technology, which allows multiple layers of metal 3D parts to be printed in a single pass.