News & Analysis

Western Australia’s new trend: Is the ASX now a competitor to Angel Investors?

- July 3, 2014 4 MIN READ

Something is happening over in Western Australia. In January 2013 reports in the media spoke about the growing number of backdoor listings on the Australian Securities Exchange were seen as being quicker and easier than arranging a traditional IPO for smaller mining companies. Most of these companies such as Wolf Petroleum, that listed last year after a reverse takeover involving Strzelecki Metals Ltd and Orecorp who listed in a backdoor deal with Silver Stone Resources Ltd.

Now it seems technology startups are in the limelight.