Wednesday, 10 June, 2015 - 10:17
Nemex moves to acquire Wavefront
Subiaco-based iron ore explorer Nemex Resources has announced plans to buy all the shares it doesn’t already own in Wavefront Biometric Technologies.
Nemex Resources boasts a diversified asset portfolio comprising interests in both the minerals and technology sectors. Nemex has a 30% interest in Australian-based biometric technology developer Wavefront Biometric Technologies (WBT), and has the right to increase this to a 51% interest. Nemex also holds interests in a number of highly prospective resources projects, including the Telimele DSO Iron project in Guinea and the Woodley Iron project in Western Australia.
Nemex was removed from the ASX listing in December 2018, following three years of suspended trade.
Subiaco-based iron ore explorer Nemex Resources has announced plans to buy all the shares it doesn’t already own in Wavefront Biometric Technologies.
Tech entrepreneur Rob Newman and company director Ian Olson are leading the latest backdoor listing on the ASX, with their spatial data service Pointerra to join the exchange through a reverse takeover of Soil Sub Technologies.
Subiaco-based Nemex Resources has abandoned plans to wholly acquire Wavefront Biometric Technologies, but will instead raise capital and secure a majority stake in the target.
Nemex Resources has dropped plans to acquire a majority stake in Wavefront Biometric Technologies after losing support from its major shareholders.
Jonathan Murray has been appointed as a non-executive director of Vietnam Industrial Investments. Mr Murray is a partner at Steinepreis Paganin, and a non-executive director of Peak Resources and Hannans Reward.
Paul Jago has resigned as non-executive director of Coolgardie Minerals. He has been on the board for 6 years, and will now focus on his role as managing director of another ASX-listed mining company.
Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.
Name | Position | Year Started |
---|---|---|
Executive Chair
|
2018 | |
Company Secretary
Company Secretary, Executive Director since 2012 (2010 to 2015) |
2010 | |
Non-Executive Director
|
||
Non-Executive Director
Executive Chair, Managing Director (2015 to 2018) |
2018 |
Name | Position | Year Started | Year Ended |
---|---|---|---|
Non-Executive Director
|
2016 | 2018 | |
Executive Chair, Managing Director
|
2015 | 2018 | |
Non-Executive Chair
|
2012 | 2015 | |
Company Secretary, Executive Director since 2012
|
2010 | 2015 | |
Interim Director
|
2015 | 2015 | |
Managing Director
|
2011 | 2014 | |
Non-Executive Director
|
2010 | 2012 |
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
Nemex Resources | Wavefront Biometric Technologies | Reverse Takeover | >> |