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Mercantile increases Bauxite bid

Sir Ron Brierley-chaired Mercantile Investment Company has increased its bid for Perth-based Bauxite Resources to 11 cents, putting it within the price range set out in the independent expert’s report.

Imdex plans $NZ40m acquisition

Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.

Tietto, BlackEarth raise $11m in IPOs

Perth-based gold explorer Tietto Minerals got off to a solid start in trading today after raising $6 million in its initial public offering.

Spitfire in $5m raising

Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.

Saracen on track for gold target

Saracen Mineral Holdings says it is on track for its 2018 financial year production target after announcing solid gold output for the December quarter, while also signing a deal to sell its Wallbrook project near Kalgoorlie.

Dreamscape in $2.5m purchase

ASX-listed tech business Dreamscape Networks has entered into an agreement to acquire Gold Coast-based web hosting company Quadra Hosting for $2.5 million in cash.

MACA support underpins Blackham deal

Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio

Cygnus lists after $6m IPO

Shares in local explorer Cygnus Gold began trading on the ASX today after the company announced a $6 million initial public offering last year.

Goldfields takes Finsure merger

Kalgoorlie-based bank Goldfields Money has agreed to a scrip-based merger with mortgage aggregator Finsure, valuing the combined group at $97.5 million.

New players chasing finance deals as opportunities align

SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.

O'Meara to list WA gold assets

Melbourne-based shell company Public Holdings (Australia) is set to move into gold exploration after striking a deal to acquire a group of Western Australian gold tenements from prospector Denis O’Meara, while also announcing plans for a $7.5 million capital raising.

Babylon to join ASX after $4.5m raising

James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.

Canva raises $US40m

Perth-founded online design company Canva has raised $US40 million ($50 million) from private investors as it continues to expand on a global scale.

Volt secures $4.7m

Perth-based Volt Resources has raised $4.7 million through a strongly supported exercise of listed options, with the proceeds to be used to develop the company’s Tanzanian graphite project.

Valmec in $5m raising

Engineering and construction group Valmec has tapped investors for $5.1 million through a strongly supported share placement that will strengthen the company’s balance sheet.

Mustang in $24m funding deals

Mustang Resources has secured a $19.9 million funding package from US institutional investor Arena Investors LP through a multi-tranche convertible note facility, while also announcing plans to raise up to $4 million via an entitlement offer.

Valmec buys APTS

Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership.

Blaze to acquire Everest Minerals

Subiaco-based Blaze International has announced that it will acquire mining company Everest Minerals via the issue of 48,500,000 million shares to Everest shareholders.

Blackham secures two-week reprieve

Mining veteran Milan Jerkovic is taking the reins at embattled gold producer Blackham Resources, which has negotiated a standstill agreement on a $14 million debt repayment due this week and plans to ask shareholders to contribute $36 million of new capital.

MinRes revises $526m AWE takeover

Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.

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