GEOSPATIAL imagery company Spookfish Limited has appointed Stuart Nixon lead the company’s business development activities in Europe, effective 1 April 2015.
In a statement Spookfish said Mr Nixon became a top 20 shareholder of Spookfish by participating in the recent $5 million capital raising issued under a Prospectus as part of the company’s re-compliance with ASX Listing Rules 1 and 2.
Mr Nixon said he was excited to be able to help Spookfish realise what he said was an enormous opportunity.
“Europe presents a fantastic opportunity for leading edge geospatial technologies such as Spookfish and I’m excited by the prospect of opening up future opportunities for the company in a new jurisdiction.”
Spookfish executive chairman Jason Marinko said the company was privileged to have an industry pioneer and respected global authority in the geospatial industry associated with the group.
“We welcome him on board in a strategic advisory capacity and look forward to leveraging Mr Nixon’s expertise and international industry relationships,” he said.
Pursuant to an advisory agreement, the role will commence effective 1 April 2015 and company will pay an advisory fee of $150,000 per annum, the company said.
In addition, Spookfish said it intends to issue ordinary shares to Mr Nixon or his nominee valued at $75,000 based on the five day volume weighted average trading price of the company’s shares on or about 1 October 2015, subject to shareholder approval.