COKAL LIMITED (CKA)

The securities of Cokal Limited will be reinstated to Official Quotation as from the commencement of trading on Thursday, 3 October 2019 following lodgement of its Annual Report for the year(s) ended 30 June 2019.

The company lodges its Annual Report.

The company releases its Appendix 4G and Corporate Governance Statement.

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date.

The suspension of trading in the securities of Cokal Limited will be lifted immediately, following the release by CKA of an announcement regarding completion of investigations into financial irregularities and an update on funding.

The company provides a progress report on BMA due diligence and fundinng. Two BMA Group drilling rigs have arrived on site at the BBM Project and the BMA Group are preparing to commence a 2,000 metre drilling program. The main purpose of the drilling program is to fulfil the due diligence requirements of the BMA Group and to prepare the plan for the mining of coal. Cokal will have a geologist attending each of the drilling rigs at all times to ensure the quality of the drill core recovery meets the requirements of the JORC Code. The BMA Group is providing USD500,000 per month as previously announced. The BMA Group and Cokal have now signed an agreement that these advanced funds will be repayable from a share of future coal sales.

The company has completed its investigations into the financial irregularities and fraudulent activity referred to in its announcements of 26 October 2018 and 12 November 2018. In relation to the funding, overall, it is noted that the rate and timing of a portion of the expenditure for the quarter is within the Company's control and funds will not be disbursed or committed until sufficient capital is available. The Company confirms that it has every expectation that funds will be raised to continue its operations and to meet its objectives.

The company lodges its Annual Report.

The Board apologises for the lengthy delay in completing the Company's 2018 Annual Report, thus causing a prolonged period of suspension of the Company's shares. During the audit of the 2018 Annual Report, the Board was made aware of financial irregularities and fraudulent activity which impacted the Company's financial statements for the year ended 30 June 2018. This matter will be finalised in the next few weeks, and announcements will be made on ASX accordingly. The Annual Report has been sent to those shareholders who have requested a copy.

The company releases its Appendix 4G and Corporate Governance Statement.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company is currently in discussion with the Platinum Entities concerning the conversion of the debt owing by the Company into a production royalty. To the extent the Company is able to, subject to regulatory requirements, 37.5 million Existing Platinum Options will be cancelled. The cancellation of these options is not conditional on the issue of the New Platinum Options. This proposed transaction will ensure that the Company will meet its commitments as to production under the Debt Restructure Transaction in line with its current financing and production start-up options. The Company advises that it has received a further USD500,000 from BMA Group under the Key Principles of Agreement announced on 21 September 2018, bringing the total received to date to USD1,500,000. As announced on 26 October 2018, the Convertible Notes held by MEF I, L.P. are to be repaid in cash, not converted to shares. The Company confirms repayment of the total amount of USD186,251 has occurred.

The company releases a notice of AGM and explanatory memorandum. The meeting will be held on Friday, 30 November 2018 at 11.00am (AEDT) at Level 5, 56 Pitt Street, Sydney NSW 2000.

Sojitz issues LOI to market BBM Coal initially for the supply of PCI Coal, subsequently for the supply of coking coal. Sojitz has customers in Japan, Korea, India, China and Vietnam. Although LOI is non-binding, Sojitz have commenced marketing BBM Coal.

The balance of the convertible notes held by MEF I, L.P. will be repaid in cash, not converted to shares. In October 2017, Cokal entered into a Convertible Note Agreement with Magna. The Company advises that Magna will not be converting the remaining 147,234 Convertible Notes and that the Company has agreed to repay the Convertible Notes outstanding, totalling USD186,251. Recently, Cokal has paid AUD50,000, leaving a balance of approximately AUD210,491 to be paid by the Company in the near future.

The board has been made aware of possible financial irregularities and fraudulent activity which have impacted the Company's financial statements for the year ended 30 June 2018. The Board is currently investigating the irregularities and activities which concern the Company's Chief Financial Officer and seven employees having received monies from a supplier of barging services to the Company in Indonesia. The employees have notified the Board that they have received money from the supplier totalling approximately $150,000. In addition, the Company has allegedly been charged for services not incurred and/or charged non-arm's length amounts for services provided by that supplier. Further investigation is taking place. Once the Company has concluded its investigations into the above matters, it will take appropriate measures in respect of the Chief Financial Officer and the relevant employees.

The company has resolved to close its Cleansing Prospectus dated 24 September 2018. Consequently the Company has revised the Closing Date for the Cleansing Prospectus from 26 October 2018 to 22 October 2018.

The company is proceeding with finalisation of its Annual Report. Limited staff resources have caused delays as the Company has been operating on a lean financial basis. The Company and its auditor, Ernst & Young expect the audited report to be lodged during the week commencing 22 October 2018.

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

The suspension of trading in the securities of Cokal Limited will be lifted immediately, following receipt of an announcement.

The company announces the terms negotiated to provide 2.5 million tonnes of coal through an off-take agreement. There's also the sale of 10,000 tonnes of BBM Anak coal at USD96.60 per tonne. The final two tranches under the Magna Convertible Note Agreement will not be drawn.

The company provides notice that on 4 December 2017 the company issued 17,250,055 Fully Paid Ordinary Shares. This notice is being given under section 708A(5)(e) of the Corporations Act

The securities of Cokal Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a coal off-take financing arrangement.

The suspension of trading in the securities of Cokal Limited will be lifted immediately, following receipt of an announcement regarding corporate funding strategies. Security Code: CKA

The Company provides the following update on the three corporate funding strategies being pursued by the Board: offer by Cakra; merger proposal with ASX listed company; and financing IPO China. Since the exclusive negotiation period with PT Cakra Mineral Tbk (Cakra) ended Cokal has been actively engaged in pursuing a number of alternative financing opportunities. While discussions with Cakra are continuing two other alternatives transaction proposals have been received which are being actively developed.

The company requests for continuation of suspension of its securities from quotation from the commencement of trading on Monday 11 January 2016 until the earlier of the commencement of trading on Friday 15 January 2016 or an announcement is made.

The company's securities have been previously suspended from quotation until 30 November 2015. It is not yet in a position to make an announcement regarding a clarification by PT Cakra Mineral Tbk of its intention to make a further takeover offer to acquire all shares of the company. The company advises a continuation of the suspension from the commencement of trading on Monday 30 November 2015 until the earlier of the commencement of trading on Monday 11 January 2016 or an announcement is made.

Notice is hereby given, in accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001 (Cth) that at the Annual General Meeting (AGM) of the Company held today that the resolutions as set out were passed by a show of hands without amendment

The company advises a continuation of the suspension of the company's securities from quotation from the commencement of trading on Monday 16 November 2015 until the earlier of the commencement of trading on Monday 30 November 2015 or an announcement is made.

The securities of Cokal Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: CKA

name changed from Altera Resources Limited