Aitken Mount News Today

The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.

The miner is striking out with the cash call after a strong rally in its share price this year. Its flagship operation is slated to produce uranium by year-end.

The mammoth deal is rewriting the rules of M&A in Australia. Just off-stage are a cast hoping to wet their beaks on the result.

The trade comes just two weeks after Bain Capital put rival Estia back in the M&A spotlight.

Michael O’Keefe, of Riversdale and Champion Iron fame, is back from roadshows for Burgundy Diamond Mines and ready to start collecting bids for the company’s $US150 million ($231 million) raising to help bankroll its acquisition of Canada’s Ekati diamond mine.

Michael O’Keeffe, of Riversdale Mining and more recently Champion Iron fame, has unveiled an ambitious plan to create the largest ASX-listed diamond company.

ASX-listed sustainability-focused printing, packaging and recycling business Close The Loop has found a US acquisition it likes enough to ask investors to tip in $40 million at no premium.

The wagering group has engaged Barrenjoey to secure financing for the transaction after it burnt cash during an aggressive launch campaign.

Term sheets were flying around like confetti on Tuesday morning, as small caps looked to re-stock funding warchests before markets turned sour. 

ASX-listed Kiland, the old Kangaroo Island Plantations Ltd, has kicked off a $10 million raising at a $50 million valuation for its new biochar venture, Nobrac.