Engineering services provider Conax Technologies has announced the acquisition of Quality Quartz Engineering.
Both the companies involved in the transaction are based in the US.
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The target company is involved in the design and manufacture of solid quartz products.
Canada-based Tarku Resources has reached an agreement to purchase Eureka Exploration, a company focused on exploring precious and base metals.
As part of the agreement, the acquirer will issue ten million common shares and 0.9 million common share purchase warrants, in exchange for the target company’s shares and warrants.
Each warrant will enable the holder to subscribe for one Tarku Resources share at a price of C$0.1 ($0.1) a share until 29 June next year.
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By GlobalDataChinese iron and steel producer Baosteel Group Corporation has announced the acquisition of a 75% stake in E.M.A.R.C. (EMARC) from Fondo Italiano d'Investimento, MA, and Pietro Passone.
The remaining 25% stake will be retained by the Passone family.
EMARC is an Italy-based manufacturer of automotive parts, including tubular metal components, profiles and moldings, while Fondo Italiano is a private equity firm.
Baosteel and Fondo Italiano engaged R&P Legal and Gitti and Partners as legal advisors, while KPMG was the legal adviser to EMARC and Passone family.
Cabral Resources has entered an agreement to purchase the entire issued share capital of the coal exploration and development company Bowen Coking Coal (BCC) from Cape Coal.
Cabral will be renamed Bowen Coking Coal, upon completion of the acquisition.
Cabral intends to issue ordinary fully paid shares priced at A$0.023 ($0.017) each, in order to raise A$4.5m ($3.39m) to fund the acquisition.
As part of the purchase consideration, Cabral will issue 70 million shares and A$0.15m ($0.11m) cash reimbursement to BCC.
Cabral Resources is engaged in the exportation and production of iron ore, while Cape Coal is a private coal mining and processing company.
Both the companies involved in the acquisition are based in Australia.
