Deals

Perth-based Altech Chemicals has received firm commitments for a $17 million capital raising to fund ongoing development of its high-purity alumina plant in Malaysia.

WA company SilverYachts, which is one of three major boat builders at Henderson, is planning to establish international operations after a Chinese aluminium manufacturer bought a majority stake.

CTI Logistics has acquired national business Jayde Transport in an all-cash deal worth up to $7.5 million, as it seeks to lessen its reliance on the local market.

Medical technology company Admedus has attracted investment group Partners for Growth for a $10 million debt facility, as it continues development of its products.

Local graphite companies Volt Resources and Sovereign Metals have announced plans to raise a combined $45.4 million from investors to fund development of their operations in Africa.

Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia.

Sheffield Resources has tapped investors for $32 million to fund ongoing development of its Thunderbird mineral sands project in WA.

Africa-focused gold explorer Cardinal Resources has attracted an equity deal through brokerage firm Clarus Securities for a $C12 million ($A12.2 million) investment in the business.

Industrial business Schaffer Corporation has sold its Urbanstone manufacturing subsidiary to Brickworks for $13.5 million.

Phosphate explorer Avenira has announced plans to raise up to $15 million from investors, while flagging another ‘significant’ capital raising in the coming year for its Baobab project in Senegal.

Local company Dreamscape Networks has entered into an agreement to acquire Sydney-based Enetica Group for $4.4 million in cash.

Medical cannabis company MGC Pharmaceuticals has locked in a supply agreement that it expects to net about $20 million in annual revenue.

Lithium explorer Tawana Resources has attracted a $25 million funding package with one of its offtake partners, as it works towards first production at its Bald Hill project in the Goldfields by early next year.

Karlka Developments is set to more than double its annual turnover to $35 million after acquiring Perth company FenceWright for an undisclosed sum.

Sheffield Resources has announced plans to spin-out its gold and base metals assets into a separate entity and list it on the ASX, as it progresses development of its flagship Thunderbird mineral sands project.

Fibre tech company Nanollose has excited investors on its first day of trading on the ASX, following completion of a $5 million initial public offering.

Sheffield Resources has mandated finance group Taurus to arrange a $US200 million ($A255 million) debt facility for development of its Thunderbird mineral sands project, and also named GR Engineering Services as its preferred contractor.

Copper-gold explorer Bryah Resources has wrapped up its first day of trading on the ASX, after completing a $5 million initial public offering.

Perth-based explorer Elixir Petroleum has entered into an agreement to acquire a Mongolia-focused coal seam gas business in an all-scrip deal worth about $4 million.

SPECIAL REPORT: Mitsui & Company, Shell and Itochu Corporation are among a swag of businesses that have made substantial investments in the state’s exporting industries over the decades, showing that foreign investors can contribute without directly operating assets.

Medical technology company Neurotech International has tapped investors for $4 million to fund further development of its Mente Autism device.

ASX-listed financial institution Goldfields Money has received a takeover offer from its largest shareholder, which values the target at about $25 million.

Local tech company Dreamscape Networks has agreed to a $20 million cash advance facility with an undisclosed major Australian bank, to fund potential acquisitions.

Swan Valley-based Feral Brewing Company has been sold to the business that bottles and distributes Coca-Cola in the Asia-Pacific region for an undisclosed sum.

Aspiring lithium miner Lepidico has attracted backing from Galaxy Resources as part of a $7 million capital raising, while Northern Minerals and Musgrave Resources have tapped their respective investors for a combined $7 million.

Perth-based New Century Resources has locked in a $58 million debt facility agreement with investment firm Sprott, to fund the restarting of operations at its Century zinc mine in Queensland.

The company commercialising an innovative spray-on burns treatment co-developed by medical entrepreneur Fiona Wood has launched a $17 million capital raising.

A consortium that includes local investment group Viburnum has acquired Queensland-based MPC Group, formerly known as Murphy Pipe and Civil Group, for an undisclosed sum.

Local explorer Riversgold has begun trading on the ASX after raising $6.1 million from investors by way of an initial public offer.

Subiaco-based Lucapa Diamond Company has secured a $US15 million ($A19 million) debt financing facility for development of its Mothae project in Lesotho, southern Africa.

SPECIAL REPORT: Three Perth tech companies servicing the education sector have completed major capital raisings, and all for exactly the same amount, but each chose a very different path.

SPECIAL REPORT: Western Australian businesses participated in nearly 200 corporate finance transactions in the September quarter collectively worth $4.8 billion, research by Business News has found.