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Perth business executive Tim Brady is planning to list his new software business AssetOwl on the ASX through a $6 million reverse takeover of Regalpoint Resources.
Regalpoint Resources Ltd (ASX:RGU) was granted a trading halt late yesterday, to allow the company to respond to an ASX price and volume query. Yesterday, shares in the company opened at $0.011, before climbing as high as $0.014, on very strong volume of over 16 million traded. The halt will remain in place until the opening of trade on Thursday 14th July 2016, or earlier if an announcement is made to the market.