Staff Reporters

Has finalised the $5 million share placement as announced on 23 November 2004.

Has sold Aspen Financial Resources Ltd to Financial Services Ltd for $150,000.

(IFRS) sub-committee

NATHAN Quigley has joined Livewire Communications as account manager – public relations.

FINANCIAL Resources bought the remaining 50 per cent of Aspen Group’s capital in joint venture debenture issuing vehicle Aspen Financial Resources Limited for $150,000.

Proposed code: DRKIssue price: $0.20Principal activities: Gold and silver exploration.

Kllina Enterprises Pty Ltd became a substantial shareholder with a relevant interest of  11,791,679 ordinary shares (7.39%).

Perpetual Trustees Australia Ltd decreased its relevant interest from 27,475,030 ordinary shares (11.80%) to 25,087,798 ordinary shares (10.77%).

1,268,749 Fully Paid Ordinary Shares are due for release from escrow on 30 January 2005.

Announced placement of a total of 2 million new shares at an issue price of 40 cents to raise $800,000 to UK-based institutional investor Fiske plc

The buoyant stock market and strong commodity prices have enabled a raft of Western Australian resource companies to raise additional capital this month for expansion projects.

ANDREW Frontino has been appointed a director of William Buck Business Advisors and Chartered Accountants after 10 years with the company.

A Guide for pre-schools has been released to help those in that industry better understand their GST obligations.

Mark Pallsiter ceased to be a substantial shareholder.

Farooq Khan increased his relevant interest from 2,140,000 ordinary shares (5.495%) to 2,640,000 ordinary shares (6.779%).

Company has closed its renounceable 1 for 4 rights issue with applications for 8,230,825 shares totalling $1,234,623.75, being a 76% take up by shareholders.

Has acquired a further 4,830,000 shares (17.7%) in Excalibur taking its holding to 53.7%.

All employer ETPs which are rolled over into superannuation from July 1 are preserved.http://ato.gov.au/distributor.asp?doc=/content/53387.htm

Wholesale

THE Australian Competition and Consumer Commission has held up the sale of Joyce Corporation’s foam business to Pacific Brands until at least next month.

Code: LRFIssue price: $1.01

Bayonet Investments Pty Ltd became a substantial shareholder with a relevant interest of  1,912,548 ordinary shares (5.2%).

FMR Corp increased its relevant interest from 9,073,791 ordinary shares (6.60%) to 10,283,060 ordinary shares (9.84%).

A general meeting will be held in the Grand Ballroom, Burswood Convention Centre, Great Eastern Highway, Burswood, Western Australia on Friday 18 February 2005 at 10.00 am.

Bunbury building company Perkins Builders has landed more than $12 million in Western Australian Government projects in the past week.

Mindax Limited has changed its contact details to:Suite 9, 57 Labouchere Road

Commonwealth Bank of Australia ceased to be a substantial shareholder.

Central Exchange Limited increased its relevant interest from 2,140,000 ordinary shares (5.495%) to 2,640,000 ordinary shares (6.779%).