NOTICE OF UPGRADE

Our websites will be unavailable between the hours of AEST 4AM September 17, 2022 and AEST 11PM on date September 18, 2022

InvestoGain Australia
 

SEARCH LISTED COMPANY


Any AUS or NZ company

Browse Australian listed companies

0-9A B C D E F G H I J K L M N O P Q R S T U V W XY Z

Browse current Australian managed funds

0-9A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

SEARCH PRIVATE COMPANY


SEARCH FUNDS

Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:

CROPLOGIC LIMITED (CLI)

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

Former (or subsequent) names

 FROMTO
OLYMPIO METALS LIMITED12/05/2022
CROPLOGIC LIMITED12/05/2022

Shareholder links

Our website ranking of CLI: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services Perth
Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000
Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000CLI9
Address: Merritt House, Canterbury Agriculture & Science Centre, Gerald Street, AUSTRALIA,
Tel:  +61 8 9429 8840

Date first listed: 12/09/2017

Sector: Commercial & Professional Services 
Activities: International agronomy services company driven by leading research and technology with highly skilled and trained personnel, specialist knowledge of cropping systems, regional know-how and emerging data analytics and predictive tools platform

News & Events

Expand this box to read and print

Croplogic shareholders who sold their shares to us may, if they wish, dispose of those shares on market (now as OLY shares) and may EFT the proceeds to our account as below: Account Name: Investogain Pty Limited Bank: Westpac, Martin Place, Sydney BSB: 032-024 Account No: 676351 (In that event, please use OLY followed by your surname as the reference.) If you retain your shares, it is our opinion that if you have claimed your Croplogic capital loss upon the sale of your shares to us, any proceeds from the sale of OLY shares at any time should be declared as an income recovery for tax purposes. You should seek confirmation of that from your accountant. (Just by way of explanation, your sale to us involved a transfer of beneficial ownership, thus creating a capital gains tax event enabling you to crystallise the capital loss for CGT purposes. We have not been able to register that transfer because the registries have recently imposed a time limit on their registration. That does not invalidate the CGT event. We acquired CLI shares on the basis they were of little, if any, value and make no claim to any windfall, such as has arisen in this case.)

23/05/2022

name changed to Olympio Metals Limited

12/05/2022

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

29/04/2022

The company releases a supplementary prospectus.

18/03/2022

The company issues a prospectus for an offer of up to 30,000,000 Shares at an issue price of $0.20 per Share to raise up to $6,000,000 with a minimum subscription of $5,000,000 (25,000,000 Shares).

25/02/2022

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

31/01/2022

The company releases the results of its meeting.

28/01/2022

The company releases a notice of consolidation of securities. Shareholders will get 1 share for every 160 presently owned.

25/01/2022

The company releases the proxy form for its upcoming general meeting.

04/01/2022

The company's general meeting will be held at 10:00am AWST/13:00pm AEST/15:00pm NZDT on 27 January 2022 at Level 15, 2 The Esplanade, Perth, Western Australia.

04/01/2022

The company releases a notification of cessation of securities.

29/12/2021

The company lodges its Half Yearly Report and Accounts.

21/12/2021

The company lodges its Annual Report to shareholders.

20/12/2021

The company will acquire a suite of gold exploration assets located in the Goldfields and Halls Creek in Western Australia. CropLogic will raise up to $6,000,000 via re-compliance capital raising.

07/12/2021

The company lodges its Half Year Accounts - Appendix 4D for 30 September 2020.

30/11/2021

The company lodges an updated Quarterly Activities Report - 30 September 2020.

02/11/2021

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report and Quarterly Activities Report - 30 September 2020.

29/10/2021

The company releases a notification of cessation of securities.

20/08/2021

The company lodges its Quarterly Activities Report - 30 June 2020.

30/07/2021

The company lodges its Appendix 4C - Quarterly Cash Flow Report - 30 June 2020.

30/07/2021

The company lodges its Annual Report to shareholders.

30/06/2021

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

30/06/2021

The company lodges its Appendix 4E - Financial Accounts - 31 March 2020.

01/06/2021

The company lodges its Quarterly Activities Report.

30/04/2021

The company lodges its Appendix 4C - quarterly.

30/04/2021

The DOCA executed on 15 September 2020 has been performed. The deed automatically terminated on 30 March 2021. The company has reverted back to its directors.

01/04/2021

On 30 November 2020, the Deed Administrators distributed funds in accordance with the terms of the DOCA. The Company remains subject to the DOCA and will be terminated in accordance with its terms upon completion of all remaining matters.

03/12/2020

In accordance with the DOCA terms, the repayment date was 30 Octoebr 2020. That date has been extended to 30 November 2020 on the basis that the deed administrators believe that the extension will deliver a better return to participating creditors than the immediate liquidation of the company.

29/10/2020

A copy of the DOCA is now available on the New Zealand Companies Office website at www.business.govt.nz/companies by searching "CropLogic Limited" and navigating to the "Documents" tab.

24/09/2020

Following the Watershed meeting on 25 August 2020 at which creditors voted in favour of executing a Deed of Company Arrangement, a DOCA was finalised and executed by the Directors and the Administrators on 15 September 2020. Certain conditions are now required to be met before 30 September 2020, in order for the DOCA to be successful.

17/09/2020

Nexia New Zealand confirms that the watershed meeting of creditors of CropLogic was held on Monday, 25 August 2020. The administrators reiterated that the objective of administration is to maximise the return to creditors. The administrators outlined a proposal received from an interested party and recommended entering into a DOCA in order to complete a transaction that will result in the best return for creditors. The creditors resolved to execute a DOCA, with the terms yet to be finalised. The administrators are continuing negotiations in order to effect a deal and are drafting the DOCA which is due to be finalised before 15 September 2020.

27/08/2020

The following entity has not paid their annual listing fees in respect of the year ending 30 June 2021 but their securities are already suspended from official quotation.

24/08/2020

The creditors resolved not to appoint a creditors committee at the first meeting of creditors held on 3 August 2020. The Administrators will continue to keep the market and shareholders informed of material developments, principally via ASX announcements. At this stage, there is no further information that can be given to shareholders on the remaining equity value in CropLogic, if any, until the Administrators efforts to seek a successful outcome for CropLogic are more mature (if a successful outcome can be found). During an administration, the creditors of CropLogic are given priority over shareholders.

04/08/2020

As of 5pm on 22 July 2020, the Board of CLI resolved to appoint Craig Bolwell of Bolwell Corporate Advisory as liquidator of Croplogic Australia Pty Ltd, and Craig William Melhuish and Christine Jane Johnston of Nexia New Zealand as joint and several voluntary administrators of Croplogic Limited, in accordance with Section 239I of the Companies Act 1993.

22/07/2020

The company releases an Appendix 2A.

16/04/2020

The company issues a cleansing prospectus that contains an offer of up to 1,000 shares at an issue price of A$0.031 per share to raise up to A$31.

16/04/2020

The company releases the Results of Meeting.

14/04/2020

The company has agreed settlements of its disputes with NW Ag Solutions LLC and Bradley V. Shephard and Stanley V. Shephard, and has dissolved two of its wholly owned subsidiaries in the USA, ProAg CropLogic LLC and LogicalCropping LLC.

03/04/2020

As 13 April 2020 falls on a national public holiday both in New Zealand and Australia, the company's general meeting of shareholders will be conducted on the following day: Tuesday, 14 April 2020, at 10:00 am (WST). The cut-off for receipt of proxies will be on Sunday, 12 April 2020, at 10:00 am (WST).

02/04/2020

In order to ensure that security holders have sufficient time to consider the rapidly evolving situation and to comply with ASX requirements, the Company wishes to make the following updates to the Meeting: Date and time of the Meeting: Monday, 13 April 2020, at 10:00 am (WST); Cut-off for receipt of proxies: Saturday, 11 April 2020, at 10:00 am (WST).

01/04/2020

The Company notes that the email address of the Company Secretary supplied in the Announcement for those shareholders wishing to attend the online meeting was incorrect and the correct address is seb@croplogic.com

01/04/2020

In light of the COVID-19 pandemic and directives from the Australian Federal and State Governments restricting public gatherings, the Company has elected to conduct the Meeting via audio and visual / electronic communication. Whilst the Company continues to welcome shareholder participation in the Meeting, the Directors feel the most effective way for shareholders to engage is to lodge a directed proxy form prior to the meeting. This can be done by lodging the voting form attached to the Notice of Meeting that has been sent. Those shareholders wishing to attend the online meeting can do so by contacting the Company Secretary on seb@croplogic.com.au by no later than 10:00 am WST on Monday, 6 April 2020 to complete the registration process and obtain access details.

31/03/2020

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

25/03/2020

The meeting will be held at: 10:00 am (AWST) on 7 April 2020 at Level 31, Central Park 152-158 St Georges Terrace Perth Western Australia.

23/03/2020

CropLogic has entered into a Convertible Note Conversion Deed with Atlas Capital Markets. CropLogic has entered into Convertible Note Conversion Deeds with Directors Mr. Steven Wakefield and Mr. Stephen Silver in respect of the loans announced on 14 February 2020 and in respect of the unsecured short-term funding loan with sophisticated investors announced on 20 December 2019. Under the Short-Term Loan Conversion Deeds, the lenders will convert the entire debts owed by the Company totalling $AU350,000 into 17,500,000 Shares at a conversion price of 2 cents. CropLogic has negotiated an agreement that will license the CropLogic soil moisture monitoring technology, including the software source code for CropLogic realTime, to Professional Ag Services, Inc. and transfer the assets of the ProAg business, including customers and personnel, to the vendors of the original ProAg services business. This transaction allows CropLogic to reduce its ongoing employee obligations to core staff, greatly reducing its running costs, whilst also maintaining a continued presence in the Pacific North West and developing its technology via Professional Ag Services, Inc as a licensee. CropLogic does not intend to crop CBD hemp in the 2020 northern hemisphere season. In the interest of reducing operating costs in the meantime employee size has been reduced to key team members. It has been decided during the review to close the Twin Falls, Idaho, Bend, Oregon, and Mildura, Australia offices "“ whilst maintaining a core personnel presence in Idaho, Oregon, Washington and Australia. CropLogic will continue to review its operations and the global market, particularly its key markets of Australia and the USA, regarding further future opportunities whereby its agronomy, farm management and agtech can be applied. This includes a review of suitable assets and opportunities in Australia and USA. The Company has entered into a loan facility agreement with Boswell Prayer Limited for an amount of $US500,000 ($AU757,350) to assist CropLogic to meet its short-term capital requirements.

23/03/2020

The company lodges its Quarterly Activities Report & Omnibus Announcement.

14/02/2020

The company lodges an Appendix 4C - quarterly.

14/02/2020

The company notes that it has provided responses to the ASX queries dated 21 January 2020 and these have been released on the market announcements platform. CLI's securities will remain voluntarily suspended pending the company releasing the Appendix 4C for the quarter ended 31 December 2019 (Quarterly Report) and providing an update on the company's current funding position. The company expects the voluntary suspension to remain in place until the earlier of Monday, 10 February 2020, or the Quarterly Report and Financial Update being lodged.

04/02/2020

The company issues a response to ASX Query Letter.

03/02/2020

The company issues a response to ASX Aware Query.

13/01/2020

The company issues a cleansing prospectus that contains an offer of up to 1,000 shares at an issue price of $0.031 per share to raise up to $31. The cleansing offer is included primarily for the purposes of section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of shares issued by the company prior to the closing date of the cleansing offer.

20/12/2019

The securities of CropLogic Limited will remain suspended from quotation under Listing Rule 17.3. The securities will remain suspended pending response to ASX queries.

20/12/2019

In relation to the Trial Hemp Farm takeouts: CBD % yield was affected by unseasonably adverse weather event; Methodologies for hemp farming at scale developed; Centralised Corporate Farming Option for hemp industry to be explored. Foundation Methodologies learned to be included and explored in 2020: 2020 Season "“ Direct cropping target of between 500 acres and 1,500 acres; Implementation of a contract farming model; Implementation of a procurement model; Consideration of adding further infrastructure - Cropping and drying and extraction capabilities; LogicalCropping General Manager appointed. Forward funding negotiated to fund 2020 programs - a strategic share placement facility negotiated with Atlas Capital Partners of London, UK.

20/12/2019

The company requests that its securities remain suspended pending the release of an announcement with an update on the harvest at the Hemp Trial Farm and funding discussions. The voluntary suspension is expected to remain in place until no later than Friday, 20 December 2019.

18/12/2019

The company requests that the voluntary suspension of its securities remain in place pending the release of an announcement on the harvest at the Hemp Trial Farm. The suspension is expected to last until no later than the commencement of trading on 17 December 2019.

03/12/2019

The company lodges its Appendix 4D and Half Year Accounts.

03/12/2019

The securities of CropLogic Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CLI, pending the release of an announcement regarding an update on the harvest at CLI's Hemp Trial Farm.

19/11/2019

listed entity carried for record purposes only

12/09/2017

 

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

Your comments

Please read our Terms before viewing comments.

 

Company Updates

Post your comments here

Please read our Terms before posting comments.
OMISSIONS
    You can post a comment here about this company

    Please click in the "I'm not a robot" box and enter the word/figures you see in the image that then appears.

    loading Posting your comments. Please wait...

     


     

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

    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    07/06/2019Stephen Silver1,600,000$0.039$61,600
    07/06/2019Steven Wakefield2,000,000$0.039$78,000
    05/06/2019Stephen Silver1,000,000$0.038$38,000
    16/07/2018Steven Wakefield200,000$0.042$8,480
    16/07/2018Steven Wakefield300,000$0.048$14,400

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Sean DelaneyManaging Director08/11/2021
    David de CuevasCOO19/02/2018
    Daniel BramichCFO30/04/2018
    Aidan PlatelNon Exec Director27/01/2022
    Peter GrayNon Exec Director, Company Secretary02/08/2021
    Simon AndrewNon Exec Director02/08/2021

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Stephen SilverNon Exec Director22/02/201908/11/2021
    Steven WakefieldChairman29/08/201302/08/2021
    Peter RoborghNon Exec Director04/11/201002/08/2021
    John CorbettNon Exec Director02/11/201823/07/2020
    James Cooper-JonesCEO12/09/201703/06/2020
    Andrew WhiteheadNon Exec Director06/04/201822/02/2019
    Cheryl EdwardesChairman01/03/201815/02/2019
    Jamie CairnsManaging Director, CEO12/09/201726/04/2018
    John BeattieNon Exec Chairman12/09/201701/03/2018
    Stephen HampsonNon Exec Director12/09/201723/12/2017

    Date of first appointment, title may have changed.