SportsHero to list on the ASX via RTO of Nevada Iron, to raise $2.24m

SportsHero (SportsHero.mobi), the world’s first social network dedicated to sports prediction, is heading for a listing on the Australian Securities Exchange (ASX) through a reverse takeover (RTO) of Nevada Iron Ltd (ASX: NVI). As part of the transaction, a placement of 60 million shares of common stock at AU$0.05 per share are being issued, raising A$3 million ($2.24 million).