Ian Olson

THE founders of Gage Roads Brewing Co expect to produce their first batch of beer by September this year following the recent completion of a $2.5 million capital raising.

Big corporate collapses such as Sons of Gwalia, EG Green Group, Henry Walker Eltin and most recently Westpoint Corporation have provided plenty of work for insolvency lawyers, but a much smaller deal has been hailed as the best restructuring of 2005.

Pacific Energy managing director Adam Boyd has exercised 2 million options to acquire shares in the company at a cost of 45 cents each and sold the same amount of shares on-market for 48 cents each, for a net profit of $60,000 from the two transactions.

PKF Chartered Accountants (Perth) former manager, Ian Olson, has joined Range Resources as a non-executive director.Mr Olson is a non-executive chairman of two ASX-listed companies and also consults in mergers and acquisitions for KPMG.

Shares in Range Resources have been suspended from quotation after two directors resigned from its board, pushing it below the level required under corporate law.

Board movementsIMX Resources has appointed Bruce McFadzean to its board as a non-executive director, to replace Kellie Benda who has relocated to Sydney. Mr McFadzean was previously managing director of Mawson West and Catalpa Resources. 

Eight years after Diploma Group listed on the ASX, the Di Latte family is looking to buy back the business from shareholders.

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.

The surge in backdoor listings on the ASX hit new highs in the September quarter and is attracting more entrepreneurs with Silicon Valley experience.

A soon-to-be listed tech company led by local entrepreneur Rob Newman and company director Ian Olson has lodged its prospectus for a $5 million capital raising, as it proceeds with its reverse takeover of Soil Sub Technologies.

Two very different Perth companies, tech start-up Pointerra and precast concrete manufacturer WestStar Industrial, have begun trading on the ASX today after completing their respective reverse takeovers.

OTOC has expanded its surveying portfolio with the acquisition of local company WKC Spatial for $1.9 million.

Mel Ashton has retired as director and chair of Empired. Current director Richard Bevan will become chair, and Thomas Stianos has been appointed as director.