Latest Due Diligence News

SkyCity Entertainment Group has signed a non-binding heads of agreement to sell The Grand Hotel, aiming to boost financial flexibility through asset monetisation and debt repayment.

Recce Pharmaceuticals secured a non-binding term sheet with a major Middle Eastern pharma for its diabetic foot infection treatment and raised A$4 million to fund pivotal Phase 3 trials in Australia and Indonesia.

Pacific Resources has completed its $400,000 acquisition of the Snowstorm Gold Project, gaining 100% ownership of the high-grade asset in Victoria’s Eastern Goldfields and expanding its regional footprint.

Condor Energy has completed its Technical Evaluation Agreement work early, consolidated full ownership of TEA 86 offshore Peru, and submitted for licence conversion, positioning itself for exploration and gas commercialisation.

Klevo Rewards has completed the acquisition of Just Ask Solar, gaining an Australian Credit Licence to support its digital financial services platform and explore credit products, including crypto-linked offerings.

VanEck Investments Limited has issued a comprehensive Replacement Product Disclosure Statement for its suite of 27 ETFs on the ASX, updating investment strategies, fee structures, risk factors, and operational details.

Kalamazoo Resources has raised $8 million through an oversubscribed share placement, surpassing its initial $5 million target. The capital will accelerate drilling and feasibility studies at its Ashburton Gold Project and support a strategic tenement acquisition.

Barramundi’s portfolio returned a solid 3.8% gross gain in Q2 2026, driven by strong AI-related infrastructure plays and takeover interest in key holdings, despite sector volatility and profit downgrades in healthcare and logistics.

Perpetual Limited has formally dismissed EQT AB’s improved but conditional acquisition proposal, deeming the offer insufficient for shareholders amid ongoing strategic shifts.

Tartana Minerals has locked in a $5.18 million placement with Chinese mining giant Xingye Gold at a striking 165% premium to its last traded price, setting the stage for accelerated exploration and a new strategic partnership.

EQT’s controlled entity has upped its non-binding offer for Perpetual to A$22.07 per share, a 2% premium on its initial bid. The proposal hinges on Perpetual’s Wealth Management sale and other conditions, with no certainty of a deal.

Experience Co has agreed to merge its Australian and New Zealand skydive and aviation businesses with Inflite Group under a new NZ holding company, receiving $41 million cash and retaining a 32.5% stake.