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ATHENA RESOURCES LIMITED(AHN)

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ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 

Shareholder links

Our website ranking of AHN: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare, Level 11, 172 St Georges Terrace, Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000AHN1
Address: Nova Legal, 46 – 50 Kings Park Road, West Perth, Western Australia
Tel:  08 9307 7902 Fax: +61 8 9222 5810

Date first listed: 22/11/2006
Company Secretary: Peter Newcomb
Sector: Materials Industry Group: XMJ
Activities: Gold, nickel and copper exploration

News & Events

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The company releases a prospectus that contains an offer for a non-renounceable entitlement issue of one (1) Share for every one (1) Share held by those Shareholders registered at the Record Date at an issue price of $0.008 per Share to raise up to $2,888,270.

15/07/2021

The company releases a notice of Proposed issue of securities - AHN.

15/07/2021

The company is continuing with its base metal exploration program with the Geophysical Ground Electromagnetic Survey underway at the company's 100% owned Byro Base Metal Project within its Byro tenements. GEM Geophysics arrived onsite on Tuesday 29 June and currently underway with a HighPowered Fixed Loop EM survey, using high power ~100-200A, low base frequency, HT SQUID B-field sensor and optimal slingram sensor over 6 identified target areas.

01/07/2021

The company's general meeting will be held on 30 July 2021 at 11.30 am (WST) at Nova Legal Level 2, 46-50 Kings Park Road West Perth, WA 6005.

30/06/2021

The company lodges its Half Yearly Report and Accounts.

30/06/2021

The company releases a notice of application for quotation of securities - AHN.

29/06/2021

The company has completed a placement of 38,000,000 fully paid ordinary Athena shares at an issue price of $0.08 each to raise $304,000. The shares under the placement have been issued to sophisticated investors through CPS Capital Group. CPS Capital will receive a placement fee at the rate of 6% being $18,240. The placement does not require shareholder approval as it has been issued under the company's existing placement capacity under ASX Listing Rule 7.1. THe proceeds will be used for working capital.

25/06/2021

The company releases a notice of proposed issue of securities - AHN.

25/06/2021

The company is proposing to undertake the following capital raisings: $304,000 (before costs) through a proposed placement of 38,000,000 fully paid ordinary shares at an issue price of $0.008 per share; and $2,888,270 through a proposed fully underwritten 1:1 rights issue to existing shareholders to issue 361,033,779 shares at an issue price of $0.008 per share. Upon completion of the capital raisings, the company would have raised a total of $3,192,270. The net proceeds of the placement will be applied to existing creditors of the company. The company also proposes to restructure debt owing to directors and officers of the company. The company has reached an agreement with the directors and officers of the company to: write off an amount of $414,600 of director fees owing; and convert a further amount of $567,200 director fees owing into equity at $0.008 cents per share subject to shareholder approval. On the basis of the company's capital raisings, debt restructure, board changes and proposed future exploration activities, the company lodged submissions to the ASX for confirmation that the company will comply with Chapter 12 of the Listing Rules, in particular, that the company's level of operations and financial condition will be sufficient to satisfy ASX Listing Rules 12.1 and 12.2, and of the conditions that ASX would impose on the company's reinstatement. ASX confirmed that ASX can see no reason why the securities of AHN should not be reinstated to official quotation, subject to compliance with some conditions.

23/06/2021

The company releases an Appendix 2A.

14/05/2021

The company has completed a placement of 6,857,143 fully paid ordinary Athena shares at an issue price of $0.035 each to raise $240,000. The shares under the placement have been issued to Goldway Mega Trade Limited. The proceeds of the placement will be used for working capital.

14/05/2021

The company releases a notice of Proposed issue of Securities - AHN.

14/05/2021

The company lodges its Quarterly Activities Report.

03/05/2021

The company lodges its Quarterly Cashflow Report.

03/05/2021

The company releases an Appendix 2A.

06/04/2021

The company releases a notice of Proposed issue of Securities.

06/04/2021

The company has completed a placement of 2,857,143 fully paid ordinary Athena shares at an issue price of $0.035 each to raise $100,000. The shares under the placement have been issued to Goldway Mega Trade. The proceeds will be used for working capital.

06/04/2021

The company has completed assessmenet of the Byro Base Metal Project. Assessment included a detailed review of Electromagnetic Anomalism within the Byro tenements in cooperation with Southern Geoscience Consultants. Results from the review have confirmed six base metal target areas with anomalous, moderate to strong, mid and late time responses. A survey crew has been booked for late April 2021 to commence a HP MLTEM survey at Byro as specified by Southern Geoscience Consultants.

23/03/2021

The company will be relying on ASX Class Waiver Decision "“ Extended Reporting and Lodgement Deadlines dated 29 December 2020 and ASIC Corporations (Extended Reporting and Lodgement Deadlines "“ Listed Entities) Instrument 2020/451 to extend the lodgement date for its reviewed half-year accounts which are required to be lodged with ASX and ASIC under Listing Rule 4.2B and section 320 of the Corporations Act 2001 (Cth) respectively.

16/03/2021

The company releases an Appendix 2A.

19/02/2021

The company has completed a placement of 2,857,143 fully paid ordinary Athena shares at an issue price of $0.035 each to raise $100,000. The shares under the placement have been issued to Goldway Meag Trade Limited. The placement of the shares does not required shareholder approval as it has been under the company's existing placement capacity under ASX Listing Rule 7.1. The proceeds will be used for working capital. The placement shares issued today are subject to a voluntary escrow period of 12 months from the date of issue and a holding lock over the placement shares for the duration of this period.

19/02/2021

The company releases the Proposed issue of Securities - AHN.

19/02/2021

Athena has actively explored its tenements and reported to the department the significant expenditure during the relevant expenditure periods. Athena will present detailed evidence of proposed drilling and related expenditure in support of the exemption applications before the warden and, in due course, for consideration by the Minister. Athena considers that the objections to exemption applications are opportunistic. All matters come on for first mention in the Wardens Court on the 14 May 2021. The exemption applications will be vigorously pursued and the company is confident based on legal advice that they will be granted thereby defeating the forfeiture applications.

05/02/2021

The company lodges its Quarterly Activities Report.

01/02/2021

The company lodges its Quarterly Cashflow Report.

01/02/2021

The company releases an Appendix 2A.

30/12/2020

The company releases a notice of Proposed issue of Securities - AHN.

30/12/2020

The company releases its New Constitution.

02/12/2020

The company releases the results of its meeting.

27/11/2020

The company lodges its Quarterly Cashflow Report.

02/11/2020

The company lodges its Quarterly Activities Report.

02/11/2020

The company's AGM will be held on 26 November 2020 at 11.00 am (WST) at HLB Mann Judd Level 4, 130 Stirling Street Perth, WA 6000.

26/10/2020

The company releases its Corporate Governance 2020.

01/10/2020

The company releases an Appendix 4G.

01/10/2020

The company lodges its Full Year Statutory Accounts.

01/10/2020

The company releases an Appendix 2A.

19/08/2020

The company has completed a placement of 7,428,571 fully paid ordinary Athena shares at an issue price of $0.035 each to raise $260,000. The shares under the placement have been issued to Goldway Mega Trade. The placement does not require shareholder approval and will be used for working capital.

18/08/2020

The company releases a notice of Proposed issue of Securities - AHN.

18/08/2020

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

The company lodges its Quarterly Activities Report.

31/07/2020

The company lodges its Quarterly Cashflow Report.

31/07/2020

The company clarifies responses to Section 8.8 of the March 2020 Quarterly Cash Flow report. It was stated that Athena was waiting on additional funding from Goldway Mega Trade Limited. This amount was by way of placement and was expected to be $1,000,000 received in May 2020. The funds are now expected in June 2020. It was previously disclosed that approximately $1,000,000 related to fees outstanding to Directors and Officers, deferred until such time as they could be settled without prejudicing third party creditors. It is the Board intention to convert this liability to non-current. Placement proceeds will not be applied to Deferred Creditors. Directors and Officers fees have been suspended for the current quarter. This saving of $69,000 was taken into account in the budget for the June quarter. The company has negotiated a 50% cut in premises rent for the quarter, saving $8,700 and various other small reductions have been made. The company has received $10,530 for Cash Boost 1 and expects the same amount for subsequent Cash Boosts.

29/05/2020

The company lodges its Quarterly Cashflow Report.

30/04/2020

The company lodges its Quarterly Activities Report.

30/04/2020

The company has completed test work in cooperation with ALS Laboratories to manufacture a dense aggregate composite for use in heavy machinery counterweights and special purpose heavy construction concrete.

28/04/2020

The company lodges its Half Yearly Report and Accounts.

12/03/2020

The company lodges its Quarterly Cashflow Report.

31/01/2020

The company lodges its Quarterly Activities Report.

31/01/2020

Athena Resources has held discussions with members of the international Coal Preparation Congress, (ICPC) and attended the International Coal Preparation Conference in New Delhi hosted by the Coal Preparation Society of India, (CPSI) at the end of 2019. Athena Resources has held discussions with several international coal producers for supply of magnetite for Dense Media Separation.

30/01/2020

Athena Resources has confirmed it can produce a range of magnetite products suitable for global consumption in coal washeries to remove impurities from coal through Dense Media Separation.

28/01/2020

The company has completed the test work in cooperation with International Magnetic Solutions defining the magnetic characteristic of the Byro Industrial Magnetite.

24/01/2020

The company releases its Whistleblower Policy.

27/12/2019

The company has completed a placement of 8,000,000 fully paid ordinary Athena shares at an issue price of $0.035 each to raise $280,000. The shares under the placement have been issued to Goldway Mega Trade. The placement of 8,000,000 shares does not require shareholder aproval as it has been issued under the company's existing placement capacity.

03/12/2019

The company releases the results of its meeting.

29/11/2019

The company lodges its Quarterly Cashflow Report.

31/10/2019

The company lodges its Quarterly Activities Report.

31/10/2019

The company's AGM will be held on Friday 29 November 2019 at 11.00 am (WST) at 24 Colin Street West Perth Western Australia.

25/10/2019

The company releases its Appendix 4G and Corporate Governance June 2019.

30/09/2019

The company lodges its Full Year Statutory Accounts.

30/09/2019

The company has completed a placement of 11,171,429 fully paid ordinary Athena shares at an issue price of $0.035 each to raise $391,000. The shares under the placement have been issued to Goldway Mega Trade Limited. Goldway is not a related party of Athena. Athena has converted an existing loan of $366,900 via the issue of 10,482,857 fully paid ordinary shares in Athena at a conversion price of $0.035. The conversion shares are in satisfaction of an existing unsecured, non-interest bearing working capital loan previously advanced in instalments by Goldway. The proceeds of the placement will be used as follows: $110,000 - RC Drilling; and $281,000 - working capital, including costs of the placement. The placement shares and conversion shares were issued today and are subject to a voluntary escrow period of 12 months from the date of issue and holding lock over the placement shares and conversion shares for the duration of this period.

27/09/2019

The securities of Athena Resources Limited will be suspended from quotation immediately under Listing Rule 17.3, pending a satisfactory response to ASX queries and further, as ASX has determined that AHN's financial condition is not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.2. The suspension will continue until AHN is able to demonstrate compliance with Listing Rule 12.2 and respond satisfactorily to ASX's queries.

13/08/2019

The suspension of trading in the securities of Athena Resources Limited will be lifted immediately following the release of an announcement regarding a placement and conditional sale of Byro Iron ore project. Security Code: AHN

11/01/2016

Athena Resources Limited (ASX Code: AHN) (Athena) announces that it has entered into a binding term sheet with Brilliant Glory Industrial Corporation Limited, a Hong Kong based company.

09/01/2016

The securities of Athena Resources Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a proposed capital raising and corporate transaction. Security Code: AHN

06/01/2016

The suspension of trading in the securities of Athena Resources Limited (the "Company") will be lifted before the commencement of trading tomorrow, Wednesday 6 August 2014, following receipt of an announcement regarding a capital raising. Security Code: AHN

05/08/2014

The securities of Athena Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement in relation to a proposed capital raising. Security Code: AHN

01/08/2014

securities reinstated to quotation

02/07/2007

securities suspended from quotation pending an announcement

29/06/2007
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ASX, Legal & CGT Status

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    22/05/2015Edmond Edwards64,848$0.012$778
    07/05/2015Edmond Edwards94,041$0.013$1,216
    25/06/2014Edmond Edwards305,834$0.032$9,875
    03/06/2014David Webster50,000$0.031$1,555
    03/06/2014Edmond Edwards38,125$0.034$1,313

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Frank KnezovicNon Exec Director30/06/2021
    David WheelerNon Exec Director30/06/2021
    Edmond EdwardsExecutive Director13/04/2005
    Wai Hau WanExecutive Director31/12/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    David WebsterChairman09/12/201130/06/2021
    Jian LiDirector, CEO08/06/201602/01/2018
    Raj KandiahDirector14/05/201208/06/2016
    Andrew ThomsonChairman, Non Exec Director17/06/200813/06/2012
    Caigen WangNon Exec Director15/04/201028/11/2011
    Donald ThomsonExecutive Director22/11/200615/04/2010
    Shane SadleirNon Exec Director22/11/200629/05/2008

    Date of first appointment, title may have changed.