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AUSTRALIAN POTASH LIMITED (APC)

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ASX, Legal & CGT Status

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

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000APC7
Address: Level 4, The Read Buildings 16 Milligan Street Perth WA 6000
Tel:  (08) 9322 1003Fax: +61 (8) 9389 2199

Date first listed: 20/12/2011

Sector: Materials Industry Group: XMJ
Activities: Exploration for potash, gold and base metals

News & Events

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The suspension of trading in the securities of Australian Potash Limited is expected to be lifted from the commencement of trading on Tuesday, 7 May 2024 following the completion of a Deed of Company Arrangement after APC entered into voluntary administration. APC issued 2,980,000,000 shares at an issue price of $0.001 per share in satisfaction of debts of $1.070 million and raised cash of $1.91 million pursuant to the offer under its prospectus dated 14 March 2024.

06/05/2024

The company advises that it has completed a $2.98 million capital raising pursuant to its Prospectus dated 14 March 2024. Shares under the Capital Raising were offered at an issue price of $0.001 per Share, together with one free attaching Option for every two Shares issued, exercisable at $0.0015 per Option on or before a date that is three years from their date of issue.

06/05/2024

The company releases a notification of cessation of securities.

06/05/2024

The company releases its Quarterly Cashflow Report.

30/04/2024

The company releases its Quarterly Activities Report.

30/04/2024

The company releases a notice of issue, conversion or payment up of unquoted equity securities.

30/04/2024

The company releases an application for quotation of securities.

30/04/2024

The Company has resolved to extend the Closing Date of the Offers to 5:00 pm (WST) on 12 April 2024.

05/04/2024

The Company has resolved to extend the Closing Date of the Offers to 5:00 pm (WST) on 12 April 2024.

05/04/2024

Application for exploration licence 80/5917 has now been granted. The licence forms part of the Company's Nexus Project in the rapidly emerging West Arunta province of Western Australia. Attention has been focused on the West Arunta region recently through the discovery of a high-grade carbonatite hosted niobium deposit by explorer WA1 Resources Limited.

03/04/2024

The company releases a notification of cessation of securities.

02/04/2024

The company releases the results of its meeting.

28/03/2024

The company releases its AGM Presentation.

28/03/2024

The company lodges its Half Yearly Report and Accounts.

15/03/2024

The company releases a notice of proposed issue of securities.

15/03/2024

The company releases a prospectus for an offer of up to 6,000,000,000 Shares at an issue price of $0.001 per Share to raise up to $6 million, together with one (1) free attaching Option for every two (2) Shares issued, exercisable at $0.0015 per Option on or before the date that is three (3) years from the date of issue.

15/03/2024

The company releases a notification of buy-back.

13/03/2024

The company releases a notice of access to its shareholders.

28/02/2024

The company releases a notice of proposed issue of securities.

28/02/2024

The company's AGM will be held at 12:00pm (Perth time) on 28 March 2024 at Subiaco Meeting Rooms, Level 1, Suite 9, 110 Hay Street Subiaco WA 6008.

28/02/2024

The company lodges its Appendix 4G and 2023 Corporate Governance Statement.

23/02/2024

The company lodges its Annual Report to shareholders.

23/02/2024

The company lodges its Quarterly Activities Report.

06/02/2024

The company lodges its Quarterly Cashflow Report.

06/02/2024

The Company is no longer under external administration. Highlights: Creditors voted at the second meeting of creditors on Friday 19 January to accept the Deed of Company Arrangement (DOCA) proposed by Matt Shackleton. All previous trade and other creditors of the Company (c.$4.2m) have been transferred to the recently established Creditors' Trust and off the Company's balance sheet. All assets of the Company have been preserved. The Company is finalising the audit of its 2023 financial accounts which when lodged will partly address the suspension of APC from the ASX: the Company is working towards resumption of trading on ASX in March 2024. Prospectus to raise a maximum of $6m through a Priority and General Placement of shares with $2.75m underwritten by Canaccord Genuity as Lead Manager and Cumulus Wealth as Co-lead Manager.

02/02/2024

The Company has exited Administration on 1 February 2024, following creditor approval of a Deed of Company Arrangement for Australian Potash on 19 January 2024

02/02/2024

Voluntary Administrators Hayden White and Daniel Woodhouse of FTI Consulting were appointed.

06/12/2023

The Annual General Meeting of shareholders originally scheduled to be held on Thursday, 30 November 2023 at 2:00pm (WST) and postponed on 29 November 2023 (AGM), remains postponed.

29/11/2023

The Board of Directors of the Company have resolved to postpone the Annual General Meeting (AGM) of shareholders scheduled to be held on Thursday, 30 November 2023 at 2:00pm (WST) at the Subiaco Meeting Rooms, Level 1, Suite 9, 110 Hay Street, Subiaco WA 6008. The postponement of the AGM is required due to the Company not being able to present the Financial Report of the Company for the financial year ended 30 June 2023 consisting of the Financial Statements and Notes, the Directors' Report, the Remuneration Report, the Directors' Declaration, and the Independent Audit Report at the AGM.

29/11/2023

The company releases a letter to its shareholders regarding its upcoming AGM.

31/10/2023

The company's AGM will be held at 2.00pm AWST on Thursday, 30 November 2023 at Subiaco Meeting Rooms Level 1, Suite 9, 110 Hay Street Subiaco WA 6008.

31/10/2023

The company lodges its Quarterly Activities Report.

31/10/2023

The company lodges its Quarterly Cashflow Report.

31/10/2023

Australian Potash Limited's Annual General Meeting of shareholders will be held on Thursday, 30 November 2023 at 2.00pm (AWST). The closing date for the receipt of nominations from persons wishing to be considered for election as a director is Thursday, 19 October 2023. All nominations must be received at the Company's registered office no later than 5.00pm (AWST) on Thursday, 19 October 2023.

13/10/2023

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 2 October 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 29 September 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

02/10/2023

The suspension of trading in the securities of Australian Potash Limited will be lifted immediately following the release by APC of an announcement regarding an update on the Lake Wells sulphate of potash project.

15/08/2023

APC has been conducting an exhaustive funding process for the LSOP over the past 12 months. By the time the strategic process started, APC had completed detailed design and engineering and secured debt funding with NAIF, subject to raising the appropriate equity. The project was therefore effectively ready to go into construction once the equity was secured. The strategic review process has not resulted in a transaction that was considered suitable for the Company or its shareholders. Considering that this process has been adequately exhausted, the directors have made the difficult decision to cease this process. Without a funding proposition to consider, the directors decided to surrender the LSOP mining leases, which have a high holding cost. The relevant documents have been lodged with the Department of Mining, Industry Regulation and Safety. The Company retains its interest in the exploration license tenure it holds at Lake Wells. The directors have received consideration of A$950,000 for components of the Lake Wells camp assets and are holding discussions around the sale of bore-field inventory and other site assets.

15/08/2023

The securities of Australian Potash Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of APC, pending the release of an announcement in relation to an update on the Lake Wells sulphate of potash project.

15/08/2023

The suspension of trading in the securities of Australian Potash Limited will be lifted immediately, following the release by APC of an announcement regarding the resolution to the Company's application to the Supreme Court of Western Australia seeking orders to rectify an administrative oversight.

26/03/2021

The Supreme Court of Western Australia heard the Company's application seeking orders in relation to the Company's inadvertent administrative oversight in not lodging a compliant cleansing notice pursuant to section 708A(5)(e) of the Corporations Act for the issue of shares on 11 November 2020. The Company has been granted the orders and anticipates that trading of its securities will immediately re-commence trading.

26/03/2021

The securities of Australian Potash Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of APC, pending the release of an announcement regarding the resolution to the Company's application to the Supreme Court of Western Australia seeking orders to rectify an administrative oversight.

24/03/2021

The suspension of trading in the securities of Australian Potash Limited will be lifted immediately following the release by APC of an announcement regarding a capital raising.

17/12/2019

The company has completed a bookbuild for a placement to sophisticated and professional investors to raise $1.6 million through a placement of approximately 22,857,142 fully paid ordinary shares at an issue price of 7.0 cents each, to fund ongoing pre-development activities at its 100% owned Lake Wells Sulphate of Potash Project in Western Australia.

17/12/2019

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

16/12/2019

The suspension of trading in the securities of Australian Potash Limited will be lifted immediately, following response to an ASX Aware Query.

16/05/2018

The company issues a response to ASX Aware Query.

16/05/2018

The securities of Australian Potash Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement in response to an ASX query.

16/05/2018

name changed from Goldphyre Resources Limited

01/12/2016

 

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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
    23/08/2023Matthew Shackleton1,000,000$0.004$4,000
    11/10/2018Jim Walker398,000$0.075$29,937
    28/09/2012Christopher Clegg100,000$0.110$11,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Matthew ShackletonManaging Director, CEO23/07/2014
    Cathy MoisesNon Exec Director29/07/2020
    Jonathan FisherDirector29/01/2024
    Joel IvesCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Natalia StreltsovaNon Exec Chairman16/12/202129/01/2024
    Rhett BransNon Exec Director09/05/201729/01/2024
    Patrick LeungCFO12/09/202230/06/2023
    Brett LambertNon Exec Director09/05/201727/06/2023
    Scott NicholasCFO06/05/201930/09/2022
    Jim WalkerNon Exec Chairman15/08/201816/12/2021
    Dean GoodwinNon Exec Director23/07/201409/05/2017
    Brenton SiggsDirector06/04/201109/05/2017
    Christopher CleggNon Exec Director06/04/201130/09/2014
    Ronald PunchExecutive Chairman06/04/201123/07/2014
    Russell Lynton-Brown Director06/04/201121/01/2013

    Date of first appointment, title may have changed.