Metals and Mining
Company Overview of Intercept Minerals Ltd
As of January 28, 2015, Intercept Minerals Ltd (ASX:IZM) was acquired by XTV, inc., in a reverse merger transaction. xTV Networks Limited builds, manages, and deploys interactive online TV networks for enterprises. The company offers TV application services platform; video; and real time operating system. Its products include XTV set top box, video inbox, and auto start TV. The company also offers media services. It operates 95 networks, 1,425 channels, 12,825 videos, and 665 feeds. The company was formerly known as xTV Networks Limited and changed its name to xTV Networks Limited in December 2014. xTV Networks Limited was founded in 2011 and is based in Subiaco, Australia.
12-20 Railway Road
Subiaco, WA 6005
Founded in 2011
Key Executives for Intercept Minerals Ltd
Intercept Minerals Ltd does not have any Key Executives recorded.
Intercept Minerals Ltd Key Developments
XTV Networks Ltd Announces Earnings Results for the Half Year Ended December 31, 2014
Feb 26 15
XTV Networks Ltd. announced earnings results for the half year ended December 31, 2014. For the half year, the company reported revenue AUD 9,426 against AUD 1,641 a year ago. Loss before income tax was AUD 648,331 against AUD 302,886 a year ago. Loss for the period attributable to the members of the entity was AUD 648,331 or 0.65 cents basic and diluted per share against AUD 302,886 or 0.90 basic and diluted per share a year ago. Net cash used in operating activities was AUD 323,993 against AUD 298,242 a year ago. Payments for exploration expenditure were AUD 4,633 against AUD 32,909 a year ago.
xTV Networks Limited Announces Management Changes
Feb 2 15
xTV Networks Limited confirmed completion of the agreement and plan of merger entered into between the Company, xTV Acquisition Corp, mppAPPs Inc. and Fortis Advisors LLC as representative of the shareholders of xTV, under which the company acquired 100% of the issued capital in xTV. Accordingly, the company has made changes to the Board effective February 2, 2015. Mr. Joseph Ward has been appointed Managing Director effective immediately. Mr. Ward has 26 years of experience in media and technology, primarily in leadership roles as CEO. Mr. Mark Canepa has been appointed as Executive Vice President of Strategy. Mark Canepa is an experienced and well known executive in the computing and communication industries. Mr. Canepa most recently served as Chairman of the Board of Directors of GreenButton Limited, where he was instrumental in the sale of the company to Microsoft in May of 2014. Mr. Thomas Reynolds has been appointed as President and Chief Operating Officer. Mr. Reynolds brings nearly 40 years of experience in managerial and executive roles in hi-tech, communications, and networking industries. Mr. Charles Thomas and Mr. Rocco Tassone have been appointed to the board as Non-Executive Directors. The company has accepted the resignations of Mr. Gary Steinepreis, Mr. Sam Randazzo and Mr. Patrick Burke as Directors.
Intercept Minerals Ltd, Special/Extraordinary Shareholders Meeting, Dec 03, 2014
Nov 19 14
Intercept Minerals Ltd, Special/Extraordinary Shareholders Meeting, Dec 03, 2014.
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