Belmont-based security company Threat Protect Australia has locked in a $10.5 million funding package with a Melbourne-based wealth management business, to continue its growth plans.
Corporate lawyer Derek La Ferla has been nominated for a position on the board of Kalgoorlie-based Goldfields Money, while chairman Allan Pendal has stepped down as chairman.
Perth security company Threat Protect Australia marked its listing on the ASX today with news it has completed due diligence on one of two planned acquisitions.
The corporate watchdog is considering an update to its disclosure policy for prospectuses, one week after uncertainty over the policy contributed to the collapse of a high-profile backdoor listing deal.
Perth companies MCS Security Group and Intiga Security are planning to list on the ASX through a reverse takeover of Red Gum Resources, following a similar move by Threat Protect Australia, which is also pursuing a backdoor listing.
The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.
East Africa Resources has become the 36th Perth-based company to announce a backdoor listing deal in the past 18 months, with plans to exit uranium exploration and acquire local security services business Threat Protect Australia.
