🕒 Monday 23 June 2025 Mon, 23 June 2025

Xstate Resources has appointed joint lead managers for a $2-3 million capital raise aimed at re-compliance with ASX listing rules and trading reinstatement. The company also plans a key acquisition pending shareholder approval.

Virgin Australia Holdings Limited is set to list on the ASX, raising $685 million through a mix of new and existing shares, showcasing its transformation journey and strategic partnership with Qatar Airways.

Platinum Capital faces a significant hurdle as L1 Capital, holding nearly 17% of shares, declares opposition to its proposed restructuring scheme. The Board remains supportive but is exploring alternatives.

HITIQ Limited has closed its pro-rata rights issue, raising $360,426 before costs, and is now focusing on placing the remaining shortfall of shares within three months.

Engenco Limited is set for trading suspension and delisting from the ASX after Elph Investments secures a 95.57% stake and moves to compulsorily acquire remaining shares.

INOVIQ Limited has responded to ASX queries defending its announcement that its new CAR-NK-EV treatment killed 88% of breast and lung cancer cells in vitro, confirming compliance with disclosure rules and providing detailed study data.

Garda Property Group has announced a quarterly distribution of AUD 0.018 per security, combining an ordinary and a special fully franked dividend, reflecting strong capital outcomes from FY24.

Locate Technologies has raised an additional A$239,180 through its At-the-Market facility and expanded its Bitcoin treasury to over 10 BTC, reinforcing its financial strategy amid growth plans.

Infragreen Group Limited has launched a $40 million initial public offering to accelerate growth in sustainable infrastructure across Australia and New Zealand, while strengthening its balance sheet through significant debt repayment.

Greatland Resources Limited is set to list on the ASX following a corporate reorganisation, showcasing robust production at its Telfer gold-copper mine and advancing development at the Havieron project.

Donaco International Limited has entered a binding acquisition scheme with On Nut Road Limited at A$0.045 per share, deemed fair and reasonable by an independent expert. The Board unanimously recommends shareholder approval ahead of the August 2025 vote.

Charter Hall has announced a 6% increase in its half-year distribution to 24.38 cents per security for the period ending June 30, 2025, signaling steady growth in its property investment returns.

Mount Burgess Mining has raised $221,806 through a share placement aimed at advancing its Kihabe-Nxuu Project and supporting ongoing operations.

The Reject Shop held a virtual Scheme Meeting approving Dollarama's $6.68 per share acquisition offer, reflecting a substantial premium and unanimous board support. The deal now awaits Federal Court approval, with implementation expected by late July.

Great Boulder Resources has raised $12.5 million through a placement to institutional investors, positioning the company to fast-track exploration and resource expansion at its flagship Side Well Gold Project.

BWP Trust has announced a preliminary distribution estimate of 9.45 cents per unit for the six months ending June 2025, alongside a suspension of its distribution reinvestment plan.

Excite Technology Services has landed a $676,000 contract with the Department of Home Affairs to enhance national digital forensics capabilities, marking a significant step in its government IT services growth.

Provaris Energy has responded to ASX inquiries following a notable surge in its share price and trading volume, denying any undisclosed material information while confirming engagement of a lead manager for a potential capital raising.

Microba Life Sciences Limited has had its trading suspension lifted following a capital raising announcement, signaling renewed market activity for the healthcare company.

Microba Life Sciences announces a $12.5 million equity raise, including a strategic $8.3 million investment from Sonic Healthcare, aiming to fuel growth in the UK and achieve regional break-even by FY26.

Microba Life Sciences has raised $14.5 million to accelerate clinical adoption of its microbiome testing products, while narrowing its FY25 revenue guidance and signing a strategic UK laboratory agreement.

Ronin Resources Limited updates ASX on delayed exploration activities and relinquished projects, citing socio-political challenges and market conditions. The company anticipates key licence grants by August 2025 and confirms compliance with listing rules while seeking new opportunities.

Orbminco is launching an extended drilling campaign at its Majestic North Gold Project near Kalgoorlie, aiming to confirm and grow its 39,700-ounce resource. The company is also raising an additional A$0.205 million to fund this ambitious exploration push.

AGP Investment Management forecasts a strong unfranked distribution for the WCM Quality Global Growth Fund – Active ETF, following a stellar 30.22% return year-to-date that outpaces its benchmark by over 14%.