Deal hungry Vocus Communications is buying a Nextgen Group subsidiary, plus two WA-focused development projects, for up to $861 million to bolster its telecommunications infrastructure and earnings pipeline.
Mineral Resources was coy about its plans after today announcing it has agreed to buy mining tenements, including lithium deposits, and infrastructure at the Wodgina tantalum mine, which is owned by private group Global Advanced Metals.
Rail and ports operator Asciano will sell its 50 per cent stake in the ACFS port logistics business to its joint venture partner in an effort to remove the overhang on its $9.05 billion takeover.
Shares in local explorer Manas Resources have doubled in value on news the company has entered into an agreement to acquire the Victoria gold project in Tanzania from a private Italian group for $US4 million ($A5.4 million) in cash and shares.
Perth-based explorer Pioneer Resources has tapped investors for a $5.62 million capital raising to fund ongoing work at its lithium, gold and nickel projects in Western Australia and Canada.
A private wine distribution business targeting the Chinese market has announced plans to list on the ASX through the reverse takeover of dormant company Brand New Vintage.
St John of God Health Care has agreed to sell its pathology division to private equity backed rival Clinical Labs, after acknowledging the sector was intensely competitive and difficult.
Diversified construction and maintenance group EC&M has emerged as the private company that has entered into a partnership agreement with energy technology company Enerji.
Gold miner Perseus Mining has announced the biggest capital raising by a Western Australian company for the year, topping the likes of Pilbara Minerals and Gold Road Resources.
Cottesloe-based Triangle Energy Global has emerged as the new buyer for AWE’s majority stake in the Cliff Head offshore oil project in the Perth Basin.
Five Perth-based junior miners and explorers have announced plans to raise a combined $29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.
Oil and gas company AWE has found a new buyer for its majority stake in the Cliff Head offshore oil project, after Elixir Petroleum was unable to complete a previously announced deal.
Perth-based telecommunications company Norwood Systems has tapped investors for a $5 million capital raising to fund ongoing development of its products.
Iron ore miner Mineral Resources has added another string to its bow, taking a 19.3 per cent stake in domestic gas supplier Empire Oil & Gas, a week after the company increased its slice of the Mt Marion lithium project.
Perth entrepreneurs Tony Sage and Ranko Matic have both hit roadblocks on their path to turn their respective businesses into online gambling companies through reverse takeovers.
Lithium hopeful Altura Mining has announced plans to raise $23 million to fund development of its Pilgangoora project, with construction targeted for later this year.
Shares in Southern Cross Electrical Engineering surged on news the company has entered into an agreement to buy a local telecommunications contractor in a deal worth up to $17.2 million.
St John Ambulance WA has bought a Perth-based healthcare company as part of a plan to provide urgent care centres across the metropolitan area, and help alleviate pressure on emergency services.
Perth-based Seafarms Group has received firm commitments for a $10 million capital raising to fund ongoing work at its $1.45 billion Sea Dragon prawn aquaculture project in the Northern Territory.
Satterley Property Group will build its largest residential estate in Victoria after purchasing 214 hectares of land in a deal believed to be worth $100 million.
Local junior miners Marindi Metals and Agrimin have announced plans to raise a combined $5.5 million to fund ongoing work at their respective projects.
A Perth-based company that supplies building products and materials has grown its business with the acquisition of a local competitor in an all-scrip deal.
