Motio

Perth-based minerals explorer Red October Resources says it is looking for project acquisitions after making a promising debut on the Australian Securities Exchange yesterday.

The Waterberg Coal Company was Western Australia’s best-performed listed entity in 2013, providing a whopping 38,748 per cent return to shareholders, according to BNIQ data.

Perth-based companies Prime Minerals and White Eagle Resources plan to transform themselves by acquiring technology-focused businesses.

The run of technology companies taking advantage of lacklustre mining stocks based in Perth is continuing, with three more backdoor listings expected to be completed this month and another towards the end of the year.

Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select Exploration.

The growing prevalence of backdoor listings, particularly among Perth businesses, offers positive news in a sluggish economy.

It has been a tough year for WA’s once-vaunted resources stocks, as our annual TSR survey reveals. Click through to see more on our Shareholder Returns feature.

Harry Karelis has resigned as executive director of AusCann Holdings in order to concentrate on other business ventures. He was a founding director and played an active role in the start-up funding and corporate development of the business as well as the listing of AusCann on the ASX.

Keith Gordon has been appointed non-executive director of Ausdrill. Mr  Gordon has extensive experience across mining services, mining, retail, manufacturing, chemicals, energy and agriculture sectors.

Flinders Mines has appointed interim executive director David McAdam as chief executive, and current non-executive director Cheryl Edwardes AM as non-executive deputy chair.

Our board moves wrap includes Mark Ng, Wilson Lim, Mark Niutta, Jenn Morris, John Richards, Frank Knezovic, Peter Canterbury, and David Edwards.

Our board moves wrap includes Christopher Swallow, Jacqueline Barry, Simon Davey, Harley Grosser, Nathan Maxwell-McGinn, Todd Hannigan, and Tom Todd.

Our weekly appointments wrap includes Catherine Henwood, Courtney Barron, Michelle Malley, Lynne Harwood, George Hajigabriel, Greg Rowe, Bronwyn Baker and Joe Terribile.