Spookfish makes solid debut on ASX

09/02/2015 - 14:11

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Spookfish has made a solid debut on its first day of trading on the ASX after a backdoor listing, building on big gains over the past six months as investors were buoyed by the geospatial company's high-profile backers.

Spookfish makes solid debut on ASX
An aerial shot of the Bell Tower, captured by Spookfish camera technology.

Spookfish has made a solid debut on its first day of trading on the ASX after a backdoor listing, building on big gains over the past six months as investors were buoyed by the geospatial company's high-profile backers.

Spookfish shares closed 16 per cent higher at 6.5 cents a share today, with the company also announcing it had attracted ERmapper and nearmap founder Stuart Nixon as an investor in its recently completed $5 million raising.

The raising, which was priced at 3.5 cents per share, also attracted a commitment from technology entrepreneur Simon Hackett in November last year, which sent the company’s shares soaring.

Mr Nixon and Mr Hackett joined Amcom Telecommunications chairman Anthony Grist, marketing entrepreneur Brent Stewart, and Hoperidge Capital (the family office of Navitas boss Rod Jones) as cornerstone investors in the raising.

Perth-based explorer White Star Resources officially completed its acquisition of Spookfish last week, in a backdoor listing which resulted in White Star changing its name to Spookfish, and shifting its direction away from resources and into technology.

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