Latest Financial Arrangements News

New World Resources has replaced its previously proposed scheme with a recommended off-market takeover bid from Central Asia Metals at A$0.062 per share, with the Board urging shareholders to accept. The deal includes a US$6.5 million loan facility and matches a rival offer from Kinterra.

FAR Limited shareholders receive clarity as the Australian Taxation Office confirms the recent 8-cent per share capital return is not a dividend for tax purposes.

Latitude 66 Limited has agreed to sell its 17.5% stake in the Greater Duchess Copper Gold Joint Venture for an upfront $2 million, with potential for additional contingent payments. The deal includes a $750,000 loan to support ongoing projects in Finland and Western Australia.

Torque Metals is initiating a targeted 6,500-metre drilling program at its Paris Gold Project, leveraging advanced electromagnetic surveying to unlock new high-grade gold zones and potentially grow its resource base.

Vinyl Group has secured a $1.5 million revolving credit facility from Songtradr and proposed converting historical liabilities into equity, aiming to boost its balance sheet and accelerate growth on its Vinyl.com platform.

The Australian Taxation Office has issued a binding ruling clarifying the tax treatment for De Grey Mining shareholders following Northern Star Resources’ acquisition. The ruling confirms capital gains tax deferral options for eligible investors.

EQ Resources has repaid €5 million of debt for its Spanish subsidiary Saloro, reducing its debt burden by 25% while extending remaining credit facilities. The company also reports record production and positive EBITDA forecasts at its Barruecopardo tungsten mine.

Melody Gold has exercised its option to process gold surface materials at Horseshoe Metals’ Horseshoe Lights project, initiating a three-year exclusive licence that promises early cash flow to accelerate copper development.

Korea National Oil Corporation is set to acquire a 29% stake in the Otway Basin joint venture with 3D Energi and ConocoPhillips, strengthening the exploration push for East Coast Australia’s gas supply.

DMC Mining Limited has issued its Third Supplementary Prospectus, extending key deadlines for its Public Offer and loan repayment as exploration permits for its Guinean projects remain pending.

Motio Limited has upgraded its FY25 financial guidance following robust trading after the April period, raising revenue and cash EBITDA targets while maintaining a solid cash position.

Yowie Group Ltd has responded to ASX queries detailing a significant revenue impact from reduced store facings and clarified complex loan arrangements with Keybridge Capital Limited amid ongoing solvency concerns.