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Terra Drone invests in C4D

Japanese company Terra Drone Corporation has taken a 50 per cent stake in Perth-based drone technology company C4D Intel.

Sheffield to raise $19m, assess Thunderbird partnership

Sheffield Resources has announced plans to raise up to $19 million, enabling the company to formally evaluate potential strategic partners for its Thunderbird mineral sands project in the Kimberley.

IGO buys 15% stake in Buxton

Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.

Westgold secures $38m

Westgold Resources has tapped investors for $23.4 million, while also announcing the sale of its lithium royalties at Mt Marion and Buldania for $15 million.

Tribune in $30m Singapore buy

Gold miner Tribune Resources has purchased Singapore-based explorer Prometheus Developments in a deal worth $30.3 million.

West African, VDM, Genesis to raise $60m

Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.

Echo appoints Maca, raises $6.5m

Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

Roberts buys $30m MinRes stake

Perth rich lister and Mineral Resources director Tim Roberts has bought a $29.6 million stake in the diversified mining company.

Explaurum backs Alkane investment

Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.

Nuheara raises $5m

Nuheara has tapped investors for $5 million to primarily fund an increase in inventory levels and marketing for its IQbuds Boost hearing bud, after winning a contract to supply the UK’s National Health Service with the product.

BGC appoints Macquarie Capital

The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.

Piedmont raises $12m

Piedmont Lithium has tapped investors for $12.2 million to fund an expansion and upgrade at the company’s namesake project in the US state of North Carolina.

GrainCorp surges on $2.4bn buyout offer

GrainCorp shares surged by more than a third after the drought-hit grain handler received an all-cash $2.38 billion takeover bid from little-known asset manager Long-Term Asset Partners.

Roobix acquires Titan Digital

Perth marketing agency Roobix has substantially expanded its customer base and staffing by acquiring the assets of Titan Digital for $3.5 million.

EMC deal falls through for Carnegie

Carnegie Clean Energy has been forced to abandon plans to sell its battery storage and microgrid business, while chairman Terry Stinson has detailed the renewable energy outfit’s recent struggles in an address at today’s annual meeting.

Rio Tinto to sell stake in Rossing Uranium

Global miner Rio Tinto says it will sell its entire stake in Rossing Uranium to China National Uranium Corp for up to $106.5 million.

MinRes sells $1.6bn Wodgina stake to Albemarle

Mineral Resources has struck a deal to sell a 50 per cent stake in its Wodgina lithium project for $US1.15 billion ($1.6 billion), with the company set to form a joint venture with US outfit Albemarle Corporation.

Adriatic raises $10.8m

Peter Bilbe-led Adriatic Metals has announced a $10.8 million placement backed by major shareholder Sandfire Resources.

S2 takes stake in Todd River

Mark Bennett-led S2 Resources has acquired a strategic stake in Northern Territory-focused Todd River Resources in a deal worth about $1.6 million.

Foreign capital driving local takeover deals

ANNIVERSARY SPECIAL: WA companies have been on the receiving end of nearly every major takeover completed during the past two decades, with Wesfarmers a notable exception. This article is part of a special series to mark Business News' 25-year anniversary.

HomeStay lists on ASX

Tech company HomeStay Care started trading on the ASX today after completing a reverse takeover of Antilles Oil and Gas and a $4 million capital raising.

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