Perth-based biotech company ResApp Health had a steady first day of trade on the ASX today, after being acquired by Narhex Life Sciences in an $11 million backdoor listing.
A Subiaco-based piping company led by businessman Andrew Haythorpe has announced plans to buy a New Zealand tech company, in a backdoor listing worth about $5.5 million.
Liberty Resources is ticking the remaining boxes on its list of requirements to be met for its proposed acquisition of Cirrus Networks, with an independent expert giving the transaction its stamp of approval today, ahead of a shareholders meeting next month.
A surge in the number of backdoor listings was one of the few positives on the stock market in 2014, and two new deals for technology companies show there is more to come.
Liberty Resources is set to proceed with its move into the IT sector, through the acquisition of Cirrus Networks, after taking the extraordinary step of having a board spill to hasten the removal of two directors.
L7 Solutions co-founders Andrew Milner and Matthew Sullivan have joined the board of Perth-based IT firm Cirrus Networks, while Liberty Resources continues due diligence on its reverse takeover of the business.
Liberty Resources has announced its intention to exit the mining industry by entering into an option agreement to acquire local IT firm Cirrus Networks for an undisclosed amount.
THE growing emergence of underground coal gasification as a clean source of energy has been highlighted by recent deals in the sector, with directors positioned to reap the benefits.
Subiaco-based Liberty Resources has signed an agreement with private company Clean Global Energy to develop an underground coal gasification project in Queensland.
