SPECIAL REPORT: Two years on, the surge in ASX backdoor listings shows little sign of slowing, helping innovative technology businesses in Perth, interstate and overseas to raise capital.
Social media company migme has cancelled plans to undertake a share placement, after being battered by volatile markets and selling by long-term shareholders who had acquired the stock when it was a mining business.
Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select
The run of technology companies taking advantage of lacklustre mining stocks based in Perth is continuing, with three more backdoor listings expected to be completed this month and another towards the end of the year.
Listed social entertainment platform migme has appointed Stephen Llanwarne as a non-executive director, while Chieh Suang Khor has been appointed an alternate non-executive director for existing no
Asia-focused social entertainment platform migme has announced a partnership with Universal Music Indonesia; following migme's August backdoor listing to the ASX in a reverse takeover of Latin Gold.
Steven Goh's Asia-focused social networking business migme has launched on the Australian Securities Exchange following a reverse takeover of gold explorer Latin Gold.
Social entertainment firm mig33, which is in the middle of a reverse takeover of Latin Gold, has secured more than $10 million in investment from Hong Kong-listed handset manufacturer FIH Mobile.
Latin Gold has become the latest resources company to target the technology sector, with intentions to acquire a social networking platform developed by Steven Goh.
Lithex Resources chairman Malcolm Carson has been appointed executive chairman, to replace managing director Robert Mandanici, who has resigned from the company to pursue other business interests.
Perth-based Latin Gold Ltd will raise $400,000 through the placement of 10 million shares at four cents each, funding the continued development of its Paron Gold project in Peru, the company has announced.
Perth-based gold and base metals miner Westmag Ltd will change its name to Latin Gold Ltd, which the company says will better reflect its focus on mining in Peru and Chile.