Latest Settlements News

Pengana International Equities has settled Supreme Court proceedings and agreed steps aimed at ending a related Takeovers Panel application, clearing a path for its buy-back and strategic reset. Antipodes will manage the portfolio under a new Board led by interim chairman Frank Gooch after the transaction.

BPM Minerals has entered its most consequential exploration phase after expanding Beachcomber into a multi-lode gold system and securing A$6.6 million in cash. The company is now drilling toward a maiden JORC resource, although its option to acquire the Forelands project remains unexercised and no resource has yet been estimated.

The Supreme Court of Victoria has approved FleetPartners’ $27 million settlement of shareholder class action proceedings. The company says available insurance proceeds will cover the full amount, with no admission of liability.

Manhattan Gold has secured commitments for an A$4.5 million placement to fund more than 4,000 metres of drilling and related exploration at its Hook Lake project in Nunavut. The full raising remains partly conditional, with A$1.14 million requiring shareholder approval in November.

Cycliq has secured firm commitments for a $1.5 million placement priced at a steep discount, giving the cycling technology company cash for inventory, AI development and other priorities. The raise also comes with a substantial package of options and further dilution subject to shareholder approval.

Globe Metals & Mining says 243 members of the Kanyika community have withdrawn long-running legal proceedings in Malawi, removing a historical contingent liability tied to the project. The development improves certainty around Kanyika, but land access still depends on a separate compensation and resettlement process.

EV Resources has completed its A$1.52 million rights issue as crushing and screening gets underway at the Tecomatlán antimony plant in Mexico. The company now has Vinatas ore and a 200-tonne Chinantla stockpile available for a production-capable proof-of-concept campaign, although first concentrate and binding offtake agreements remain ahead.

AUCyber has received the full $486,592 placement subscription payment, plus accrued interest, from an entity associated with former CEO Peter Maloney. The company will now issue 1,621,973 shares without further shareholder approval.

L1 Gold Fund has completed its retail entitlement offer, taking its latest equity raising to approximately A$375.4 million. L1 Group has also subscribed for A$42 million through the remaining shortfall offer, while the final allocation remains open.

Atomic Eagle’s largest shareholder has irrevocably committed to exercise 35.1 million options, giving the uranium developer a potential $10.9 million cash injection before the options expire. The company says the proceeds could fund its Zambia and Niger growth strategy through 2028 without near-term equity financing.

360 Capital Mortgage REIT is appointing receivers across its Bathla-related loans and preparing to sell 162 homes, apartments, townhouses and land lots. The Trust retains $6.3 million in cash and expects monthly distributions to continue, but their level may fluctuate as recoveries progress.

Neurizon will redeem 1 million convertible notes held by Obsidian for US$1.15 million, while securing a two-month standstill on share sales. The biotechnology company says the transaction leaves it funded through the HEALEY ALS trial readout and completion.