Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.
A day after the Takeovers Panel put restrictions on the voting power of a group of shareholders in Indiana Resources, the same group has withdrawn plans to seek a board restructure vote at an upcoming general meeting.
Bronwyn Barnes has been appointed the new chair of West Perth-based Indiana Resources, on the same day the company went to the Takeovers Panel to fight attempts by a group of shareholders to oust existing directors.
