Integra players eye new venture

Fresh from steering Integra Mining to a $1 billion merger with Silver Lake Resources, key Integra players have kicked off their new corporate adventure by becoming leading investors in failed-technology play DGI Holdings.

Integra managing director Chris Cairns and non-executive director Peter Ironside have each taken a 7.3 per cent stake in DGI as part of the shell's recapitalisation.

Also emerging on DGI's register were Integra chairman John Fitzgerald, non-executive director Rowan Johnston and senior geologist Ross Whittle-Herbert, with former Eyres Reed broker Geoff Donohue, who serves with Mr Ironside on the board of Zamanco Minerals.

Collectively the group of Integra executives and Mr Donohue hold about 30 per cent of DGI.

DGI, then trading as Digislide Holdings, collapsed in December last 2011 after failing to commercialise its image projection systems. The shell was rescued from administrators by corporate lawyers Steinepreis Paganin in May, with Roger Steinepreis assuming the chairmanship.

Mr Cairns said yesterday his group was yet to find a project for DGI, saying the search could take another four to six months. He said the Integra team was "most comfortable" with WA projects and favoured an early stage opportunity.

"It's fair to say we'd prefer to go back into greenfields exploration, that's where the value uplift is," Mr Cairns said.

Integra's board is expected to resign early in the new year upon the formal closure of its merger with bigger peer Silver Lake.

DGI shares resumed trade on December 20 and closed on Christmas Eve at 1.2¢.

The West Australian

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