News Articles for Red Gum Resources

ASX-listed travel company Helloworld has taken a majority stake in Asia Escape Holidays, four years after a backdoor listing plan by Asia Escape and two other Perth travel agencies fell through.

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.

Stratum Metals has become the sixth Western Australian company to cancel a backdoor listing deal in the past year, with the Nedlands-based business reviewing its future options, including plans for the East Menzies gold project, after walking away from a planned reverse takeover of a US technology venture.

Quintessential Resources is set to relist on the ASX tomorrow after morphing into technology incubator Yonder and Beyond, but plans by three travel businesses, including George Michalczyk's Motive Travel, to undertake a backdoor listing through Red Gum Resources have fallen through. Click through to also see the BNiQ listing of 26 WA backdoor listings.

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.

Red Gum Resources has made its third acquisition on the way to refocusing its operations as an online travel and leisure company.

Amid an ongoing capital drought, exploration companies are reinventing themselves in order to survive.

Red Gum Resources and White Star Resources are the latest exploration companies to shift focus away from the resources sector, signing deals to move into geospatial imagery and internet travel bookings respectively.