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Single parent? This is what the Federal Budget 2021 has for you!
Under the auspices of a scheme, single parents will be given federal government assistance to buy a home.
Image source: © Liderina | Megapixl.com
Thanks to this scheme, single parents will now be able to buy a house with a 2% deposit, with the government guaranteeing another 18% of the loan’s value.
The scheme will be implemented for the term of four years and should be supporting as many as 10,000 single parents in total.
Though, the scheme will be subjected to property price caps.
Dexus (ASX:DXS) to buy APN Property Group (ASX:APD) for A$320 million
Dexus (ASX:DXS) on Tuesday, announced that it has entered into a binding Scheme Implementation Deed (SID) with APN Property Group (ASX:APD) in relation to a proposal for Dexus to acquire all of the stapled securities in APN for a cash-consideration of 91.5 cents per security.
On completion of the transaction, Dexus will have a funds management portfolio comprising AUD 23.9 billion.
Total consideration payable by Dexus represents an equity value of AUD 320 million and enterprise value of AUD 308 million.
Blaze International (ASX:BLZ) gains on acquisitions, eyes best day in 10 months
The share price of Blaze International Limited (ASX:BLZ) climbed as much as 27.8% to AUD 0.046, marking its biggest intraday percentage gain since 7 July 2020.
Diversified minerals explorer entered into separate conditional share sale agreements to acquire Australian explorers Iconic Minerals Pty Ltd and Hammerhead Exploration Pty Ltd.
Hammerhead Exploration and Iconic Minerals own a combined six tenement applications in the Earaheedy Basin of Western Australia.
BLZ also received commitments to raise AUD 1.5 million for the exploration and development of new tenements.
About 22.3 million shares were traded as compared to the 30-day average volume of 1.2 million shares.
While the stock had risen 16.1% this year, as of the last close, it was trading at AUD 0.039 per share, up 8.333% at 3:20 PM AEST.
Budget will be set up alongside humanitarian tragedy of COVID: Scott Morrison
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Addressing the Federal Budget 2021 in Question Time, Prime Minister Scott Morrison stated that the upcoming budget will be framed against the humanitarian tragedy expanding across the world.
Morrison had stated earlier that the budget will have its focus on job creation and increased funding for aged care, mental health, and the National Disability Insurance Scheme.
Pilbara (ASX:PLS) and Calix (ASX:CXL) join forces to promote a chemicals refinery
Technology focused firm Calix Limited (ASX:CXL) shared it has executed an MOU with Pilbara Minerals Limited (ASX:PLS) for the sake of development of a Joint Venture Project to promote a lithium chemicals refinery.
Pilbara and Calix will embark on a research to evaluate a new refining procedure integrating Calix’s exceptional calcination technology and following production of a concentrated lithium salt ‘midstream product’ for lithium batteries.
Pilbara possesses and manages the Pilgangoora deposit, one of the biggest lithium resources in the world.
As of now, ore is treated to make a spodumene concentrate which is then transported to customers abroad for conversion into lithium carbonate or lithium hydroxide. This is then used in making lithium ion batteries.
Meanwhile, the stocks PLS and CXL were spotted trading at AUD 1.257 and AUD 2.690 per share each at 2:45 PM AEST.
Iron ore sets new record amid robust demand from the Chinese steel industry
Source: © Helderpc | Megapixl.com
Iron ore prices surged to another level overnight, rising around 8.6 per cent to hit US$230 per tonne on skyrocketing steel prices in China.
Oil prices soften on the news of US Colonial Pipeline planning to restart
Source: Source © Designer491 | Megapixl.com
Crude oil prices settled lower on Monday after recording substantial gains during the initial trade sessions.
Challenger (ASX:CEL) increases ground position surrounding Hualilan and raises AUD42.1 million
Challenger Exploration Limited (ASX:CEL) has extended the land position four-fold to around 80 km2 at its flagship Hualilan Gold Project in San Juan.
The Company has acknowledged the receipt of a formal notification of the direct award of the 20.6 km2 Ayen Exploration Licence surrounding the present Hualilan Mining Licenses including the Hualilan Gold Project.
Besides this, CEL has also received firm commitments for an AUD42.1 million under a placement that was strongly supported by domestic and global institutions.
The funds raised shall be utilised towards drill programs, and various key studies at the Hualilan Project along with the acquisition of final 25% of the Project.
The CEL stock was noted at AUD0.330 at 11:45 AM AEST.
Coca-Cola Amatil to be removed from official list of ASX following acquisition by CCEP
Coca-Cola Amatil Limited (ASX:CCL), along with its wholesale debt securities shall be removed from the Official List of ASX Limited at the close of trading on 11 May 2021.
This decision comes after the execution of the scheme of arrangement between CCL and its shareholders in relation to the acquisition of all the issued capital in CCL by Coca-Cola European Partners plc (CCEP).
On 10 May 2021, CCEP concluded the acquisition of all of the CCL shares held indirectly by The Coca-Cola Company (TCCC) in accordance with the Co-Operation and Sale Deed between CCEP and TCCC.
The CCL shares last traded at AUD 13.300.
Cobre Limited (ASX:CBE) kicks off drilling at Kitlanya East project in Botswana
Cobre Limited (ASX:CBE) has concluded the mobilisation to site of both Reverse Circulation (RC) and Diamond Core (DC) drill rigs on the Kitlanya East (KIT-E) project in Botswana.
This project is wholly owned by Kalahari Metal Limited, and the drilling programme is aimed at targeting structurally controlled trap-sites for prospective copper/silver deposits detected through previous exploration programs.
At 11:12 AM AEST, the CBE stock was noted trading up by 4.545% at AUD0.172.
Blaze International Limited (ASX:BLZ) to acquire Hammerhead Exploration and Iconic Minerals
Blaze International Limited (ASX:BLZ) has inked separate and unrelated conditional share sale agreements for the acquisition of Hammerhead Exploration Pty Ltd and Iconic Minerals Pty Ltd.
Hammerhead and Iconic collectively own six tenement applications in the Earaheedy Basin of Western Australia spanning over the immediate northern and western strike extension of the latest Zinc-Lead discovery of Rumble Resources Limited (ASX:RTR).
BLZ has carefully and geologically targeted the tenements that are subject to acquisition by BLZ and lie on the highly prospective units within the Earaheedy Basin.
The BLZ stock was noted at AUD0.041 at 11:05 AM AEST.
Jadar shakes hands with European Lithium to jointly progress on Austrian Lithium projects
Source: © Fambros | Megapixl.com
Jadar Resources Limited (ASX:JDR) announced that the company has entered into an agreement with European Lithium Limited (ASX:EUR) to collaborate on the Weinebene and Eastern Alps lithium projects in Austria.
Jadar owns 80% of interests in the lithium projects. Under the agreement, Jadar has waived its first right to refuse the remaining 20% stake in the lithium projects, enabling Exchange Minerals to sell the remaining 20% interests to European Lithium.
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Both projects are located only 20 kms from European Lithium’s Wolfsberg project. The close proximity of the two lithium projects to the Wolfsberg project allows the two future partners to work together towards synergistic development.
Aguia Resources (ASX:AGR) reports additional exceptional agronomic test results from TEPP on rice
Aguia Resources Limited (ASX:AGR) has reported extraordinary results from agronomic tests on rice using Direct Application Natural Fertiliser (DANF) products from the Três Estradas Phosphate Project (TEPP) deposit.
The results suggest Pampafos® and Lavrato® to be extremely efficient natural products. The efficiency has been evident in the tests where phosphate from conventional sources, which are chemically treated, were totally replaced.
AGR looks forward to progressing a range of agronomic tests across the State of Rio Grande do Sul which are expected to be vital for the marketing of its products in the coming times.
The AGR stock traded at AUD0.074 on 10:17 AM AEST.
ACCC seeking views on proposed Woolworths' (ASX:WOW) undertaking of 65% PFD acquisition
The ACCC is open for view in relation to a proposed undertaking provided by Woolworths Group Limited (ASX:WOW) and PFD Food Services with respect to WOW’s proposed acquisition of 65% of PFD.
The ACCC had outlined preliminary competition concerns through a statement of issues. Subsequently, WOW and PFD had offered a draft behavioural undertaking devised to retain a degree of separation and autonomy between WOW and PFD for three years following the acquisition.
Moreover, this duration could be shorter in some situations.
The submissions regarding the same are open till 9AM on 19 May 2021 and ACCC’s final decision is anticipated on 10 June 2021.
The WOW stock opened at AUD40.500 on 11 May 2021.
Health House International (ASX:HHI) proposes acquisition of German medicinal cannabis company
Health House International Limited (ASX:HHI) has declared the proposed acquisition of CanPharma GmbH, subject to HHI shareholders and satisfaction of all the conditions of the sale.
As a result of the proposed acquisition, HHI shall fully acquire CanPharma, a privately held firm with operations in Spain and Germany, by way of an all-scrip transaction.
CanPharma has the highest level of pharma licences from German regulators and the completion of the acquisition is anticipated to consolidated group to significantly exploit one of the fastest expanding pharma sectors across the globe.
The HHI stock last closed at AUD0.170 on 10 May 2021.