Tech entrepreneur Zhenya Tsvetnenko has made another play into the sector, revealing plans to backdoor list his "performance-based advertising firm" Mpire through the shell of failed explorer Lithex Resources.
Mpire is this morning expected to announce plans to raise $5.5 million through the reverse takeover of South Perth-based Lithex, a remnant of this decade's graphite bubble.
The deal will see 23.5 million shares at 20ï¿½ issued to Mr Tsvetnenko's company LiveLynk, with a further 25 million shares priced at 20ï¿½ as part of the public raising through DJ Carmichael.
Mpire is an entity of LiveLynk, wholly-owned by Mr Tsvetnenko.
Founded in 2006, Perth-based Mpire also promotes itself as a "one-stop shop" for online marketing and software development services. Mr Tsvetnenko was part of bitcoin miner Digital BTC's ASX listing last month.