Stavely Minerals

Copper and gold explorer Stavely Minerals debuted on the ASX today in what was the first float by a Western Australia-based minerals play in more than a year.

Biotech player Orthocell has appointed two financial advisory firms to seek out investors as part of the company’s plans to go public.

Perth-based biotech firm Orthocell has confirmed it intends to list on the ASX after outlining plans for an $8 million initial public offering.

Nickel and gold explorer Duketon Mines has outlined plans for a $6 million initial public offering in what will be just the second float by a Western Australia-based resources company this year.

FEATURE: The June quarter presented a broad range of transactions for corporate players, however a noticeable lack of direction remains.

Perth-based explorer Tian Poh Resources has launched an initial public offering to raise up to $6 million, to fund exploration and development of its Mongolian assets.The company’s shares will be offered at 20 cents each, with the IPO having a minimum threshold of $2 million.

FEATURE: Having gained notoriety in the 1996 movie Jerry Maguire, the phrase ‘show me the money’ will be heard often, and loudly, in business in Western Australia in coming years as capital inflows become capital outflows and funds become harder-than-ever to raise.

Stavely Minerals has secured a $2 million share subscription agreement with its contracted drilling services company, Titeline Drilling, under which Stavely can partly pay its monthly drilling bill in lieu of Titeline’s share subscription payment.

The majority of scoping studies presented by exploration companies to the ASX are of questionable quality, a new analysis has found, as industry players debate potential solutions to the controversy over disclosure standards.

Ardiden Limited (ASX: ADV) is pleased to announce that it has completed the successful acquisition of 100% of the early stage Bold Property Colbalt-Copper Project in Ontario, Canada with a final payment of 100,000 Ardiden shares made to the vendor, Benton Resources Inc. 

Ryan Benton has left as chief financial officer of Brainchip.

Glyn Denison has retired as non-executive director of DTI Group. He remains a significant shareholder of the company. Current non-executive director Greg Purdy will assume the role of chair while Neil Goodey steps down as chair and remains a non-executive director.

Our board moves wrap includes Boyd Timler, Davide Bosio, Peter Christie, Pedro Kastellorizos, Lionel Liew, Jack Spencer-Cotton, Jason Livingstone, Justin Barton, Michael Chaney, Robert Dennis, Alexandra Atkins, David Murray, and Thomas Lawrence.

Our weekly appointments wrap includes Elizabeth Shaw and Mark Mantle.