Latest Shareholder Approvals News

King River Resources has appointed seasoned geologist and executive Graham Gadsby as Managing Director, aiming to leverage his proven track record in gold exploration and operational turnarounds to drive the company’s future growth.

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

Magnetite Mines has successfully closed a fully subscribed $2.65 million rights issue, followed by a $1.214 million placement, positioning the company to advance its Razorback Iron Ore Project and explore broader mineral opportunities.

PlaySide Studios has completed a $1.825 million Share Purchase Plan, adding to a recent $6.47 million private placement, to strengthen its balance sheet and support marketing efforts for upcoming game releases.

Duxton Dairies (Cobram) Pty Ltd (Duxton Walnuts) shareholders are set to vote on a scheme of arrangement for acquisition by Duxton Farms Ltd, with an independent expert concluding the merger is fair and reasonable. The transaction is part of a broader agricultural merger including Duxton Bees, Duxton Dried Fruits, and potentially Duxton Orchards.

Duxton Farms proposes to acquire all preference shares of Duxton Bees via a scheme of arrangement, offering 0.839 Duxton Farms shares per Duxton Bees preference share, with up to 20% cash consideration. The independent expert values Duxton Bees preference shares between $0.64 and $0.85 on a control basis and considers the transaction fair and reasonable.

Duxton Farms has reached a key milestone in its merger with four agricultural businesses, securing ASIC registration of scheme books and scheduling crucial shareholder meetings for October.

Great Divide Mining has successfully raised $1.335 million through convertible loan notes, signaling strong investor confidence as it advances the Challenger Gold Mine joint venture.

Mesoblast has entered agreements to issue up to US$50 million in convertible notes, aiming to strengthen its capital base and support pipeline growth, pending shareholder approval.

Conico Ltd has raised $1.395 million through converting loans to fund exploration at its Mt Thirsty Joint Venture and resolve legal issues tied to its Greenland projects. The company also plans a $1.23 million entitlement offer and a share consolidation ahead of a key shareholder meeting in October.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Pearl Gull Iron Limited has agreed to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity stake in Crestlink Pty Ltd, and ongoing royalties, marking a strategic shift as it seeks new growth opportunities.