Prominent businessman Ian Middlemas will now chair 11 companies concurrently after replacing Craig Burton as chairman of niobium hopeful Cradle Resources.
Shareholders in one-time mining companies Cove Resources and Pacific Ore have enjoyed solid gains after the two companies resumed trading on the ASX as tech plays, with one chaired by former Alinta
Social media platform and app developer Thred has enjoyed a steady first day on the ASX, while two other Perth-based companies have made progress on their respective reverse takeovers.
Pacific Ore has become the latest backdoor listing hopeful to be held up by the corporate watchdog, though several other companies have moved forward with their reverse takeovers.
Local tech firm Shark Mitigation Systems has launched a prospectus for a $4 million IPO, while two other WA companies have revised their plans for backdoor listings.
Perth company directors Ian Middlemas and Domenic Martino have joined a flurry of pre-Christmas M&A deals that are valued at nearly $300 million, and designed to revive moribund resources companies.
Nickel miner Western Areas is getting closer to marketing a unique bacterial leaching project that will improve its profits by enhancing the grade of concentrate it can produce.
One of the state's busiest directors, Ian Middlemas, is seeking to take a big stake in Aviva Corporation and become its chair in a proposal that appears to have been rejected by the listed company'
Shares in North Coogee-based Pacific Ore have soared after it negotiated a deal to sell technology used to extract low grade nickel to miner Western Areas.
A joint venture between Pacific Ore Ltd and the Shanghai-listed, Western Mining Joint Stock Company, is set to commission a full scale feasibility study into the development of a commercial scale Bioheap operation in Inner Mongolia.
Perth-based minerals explorer Trajan Minerals Ltd will acquire UK-based Pacific Ore plc through a scrip and options issue worth $31 million at today's share price, the company has announced.
