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AUSTAR GOLD LIMITED (AUL)

Listed on ASX ( $        )

SHARE PRICES

(updated weekly)

2017 2018 2019   ALL

Former (or subsequent) names

Shareholder links

Our website ranking of AUL: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Security Transfer Australia Pty Ltd, 770 Canning Highway Applecross WA 6153

Tel : +61 3 9628 2200
Fax : +61 8 9315 2233
RegistryWebsite RegistryEmail

Company details

Address: Level 6, 15 Astor Terrace Spring Hill, Qld 4000, Australia
Tel:  +61 7 3319 4120 Fax: 

Date first listed: 22/11/2006
Company Secretary: Stephen Kelly
Sector: Materials Industry Group: XMJ
Activities: Gold exploration

The suspension of trading in the securities of AuStar Gold Limited will be lifted immediately following the release by AUL of an announcement regarding its agreement to acquire Centennial Mining Limited.

03/09/2019

The company has reached agreement to acquire via merger 100% of Centennial Mining Limited, owner of the A1 Gold Mine near Woods Point and the Maldon CIL processing plant near Bendigo, Victoria, via implementation of a Deed of Company Arrangement over CTL (and subject to CTL creditor approval). The acquisition will deliver significant regional consolidation, substantially increasing the Company's ore resources while delivering very substantial expected corporate synergies. The completion of the acquisition is subject to several conditions precedent including AuStar obtaining any required shareholder approvals under the ASX Listing Rules, fundraising (to a minimum of $4.4m), consolidation of the Company's securities (as previously announced 17 July 2019) and completion of DOCA formalities. A meeting of CTL creditors approved the DOCA on 27 August 2019. AuStar will contribute $2.4 million to the DOCA closure, alongside other stakeholders including DOCA proponents Avior Consulting and the Gandel Metals, and issue up to 24,982,946 (post consolidation) shares to Centennial shareholders (excluding AuStar), equivalent to 31.7% of the post-Acquisition issued capital of AUL. The company intends to invite all AuStar shareholders to participate in an Entitlement issue. Complete details of the Entitlement issue are expected to be provided shortly, including the relevant record date. The Entitlement issue is expected to be wholly or partially underwritten and will be designed to provide all AuStar shareholders with an opportunity to increase their holding in the company on reasonable and attractive terms.. Both Gandel Metals and Avior Consulting have advised AuStar of their intention to participate in any AuStar capital raising program to a level of at least A$900,000. Further, certain AuStar directors and staff expect to contribute to any such raising, subject to shareholder approval. Discussions with underwriters and other key stakeholders are well advanced.

03/09/2019

The company requests an extension of the voluntary suspension of its securities until the commencement of trading on 2 September 2019 or AuStar releasing an announcement in relation to the potential acquisition and a potential capital raising, whichever occurs earlier.

28/08/2019

The company expects the suspension to last until the commencement of trading on 28 August 2019 or AuStar releasing an announcement to the market in relation to the potential acquisition and a potential capital raising, whichever occurs earlier.

26/08/2019

The company requests an extension of the voluntary suspension of its securities which is expected to last until the commencement of trading on 26 August 2019 or Austar releasing an announcement to the market in relation to a corporate acquisition and a potential capital raising, whichever occurs earlier.

19/08/2019

The company requests an extension of the voluntary suspension of its securities. The suspension is expected to last until the commencement of trading on 19 August 2019 or Austar releasing an announcement to the market in relation to a corporate acquisition and a potential capital raising, whicever occurs earlier.

12/08/2019

The company requests an extension of the voluntary suspension of its securities. The suspension is expected to last until the commencement of trading on 12 August 2019 or Austar releasing an announcement in relation to a corporate acquisition and potential capital raising.

05/08/2019

The company lodges its Quarterly Activities Report and Quarterly Cash Flow Report.

31/07/2019

The securities of AuStar Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUL, pending the release of an announcement regarding a corporate acquisition and a potential capital raising.

31/07/2019

The suspension of trading in the securities of AuStar Gold Limited will be lifted immediately, following the release by the Company of an announcement regarding a capital raising.

13/08/2018

The company has successfully arranged a placement of A$5.5m to fund development and further exploration at the Company's Morning Star and Rose of Denmark gold mines and for future growth initiatives. The Company is also providing an opportunity for existing shareholders to participate through a Share Purchase Plan, on identical terms to the placement.

13/08/2018

The securities of AuStar Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a capital raising.

10/08/2018

name changed from Mantle Mining Corporation Ltd

18/12/2017

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    04/09/2019Philip Amery925,000$0.003$2,775
    03/09/2019Philip Amery1,250,000$0.004$4,375
    28/03/2019Frank Terranova1,500,000$0.005$7,500
    19/03/2012Martin Blakeman416,000$0.117$48,840

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Frank TerranovaExecutive Chairman03/08/2018
    Peter deVriesCEO24/07/2019
    Matthew GillNon Exec Director22/08/2016
    Paul McNallyNon Exec Director24/07/2019
    Christopher WellesleyNon Exec Director17/12/2018
    Philip AmeryExecutive Director04/04/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Tom de VriesCEO10/04/201724/07/2019
    Ian KingNon Exec Director23/06/201624/07/2019
    Richard ValentaNon Exec Director26/07/201604/04/2019
    Robert BarraketNon Exec Chairman23/06/201601/08/2017
    Ian KraemarManaging Director04/02/200822/08/2016
    Stephen de BelleNon Exec Director03/07/200622/07/2016
    Martin BlakemanChairman22/11/200623/06/2016
    Peter AndertonExecutive Director22/11/200629/01/2015

    Date of first appointment, title may have changed.