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DRAKE RESOURCES LIMITED (DRK)

Former Name ASX

SHARE PRICES

(updated weekly)

Former (or subsequent) names

Shareholder links

Our website ranking of DRK: 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

Address: Suite 12, Level 1 11 Ventnor Avenue WEST PERTH WA 6005
Tel:  +61 8 6245 2050 Fax: +61 8 6245 2055

Date first listed: 31/03/2005
Company Secretary: Julia Beckett
Sector: Materials Industry Group: XMJ
Activities: Pursuing exploration and mining opportunities

name changed to Ragnar Metals Limited

26/11/2018

The securities of Drake Resources Limited will be reinstated to official quotation as from 10am (AEDT) on Thursday, 2 November 2017 following the completion by the Company of a recapitalisation.

31/10/2017

The company releases its Quarterly Activities Report and Quarterly Cashflow Report.

27/10/2017

The Annual General Meeting of the Company will be held at Barrington House, 283 Rokeby Road, Subiaco, Western Australia on Wednesday, 29 November 2017 at 9.00am (WST).

27/10/2017

The prospectus and supplementary prospectus closed on 13 October 2017. The Prospectus was fully subscribed, raising a total of $1,750,000.

18/10/2017

The company releases the results of its meeting.

10/10/2017

The company releases its Appendix 4G.

29/09/2017

The company lodges its Annual Report to shareholders.

29/09/2017

The company issues a supplementary prospectus intended to be read with the prospectus dated 20 June 2017.

07/09/2017

A General Meeting of the Company will be held at Barrington House, 283 Rokeby Road, Subiaco, Western Australia on Tuesday 10 October 2017 at 10.00am (WST).

07/09/2017

The company provides a capital raising update. The ability of the company to issue the securities including the offers under the prospectus was dependent on shareholder approval obtained on 5 April 2017. Under the listing rules, the issue of the securities including the offers under the prospectus needed to occur by 5 August 2017. The company's application to extend the time of issue further was not granted. Accordingly, the company is preparing a draft notice of meeting to call a new general meeting to seek to renew shareholder approvals for the issue of securities. Also, the company will lodge a supplementary prospectus with ASIC shortly. The company has received ASX's conditions for the company's securities to be reinstated to fficial quotation. The company has until 31 October 2017 to comply with the conditions. The closing date is then extended for acceptance of applications from 31 August 2017 until 20 September 2017 .

31/08/2017

The company is undertaking a capital raising pursuant to a prospectus lodged with the ASIC on 20 June 2017. The Company has reconsidered the impact of the non-renewal of the Tullsta nr 1 tenement in the light of the review of its mineral asset portfolio and has concluded that the non-renewal of that tenement is not an event materially adverse to subscribers under the Prospectus. Accordingly, the Company will not be extending withdrawal rights to subscribers to offers under the Prospectus. Also, the compnay has applied for a waiver from Listing Rule 14.7 to extend the time available to complete the issue of securities approved by shareholders at the GM held on 5 April 2017.

24/08/2017

The company provides an update concerning a review undertaken across the company's Swedish mineral asset portfolio. Evaluation of the historical exploration and Drake's recent activities identified several previously overlooked opportunities in the Portfolio. It is proposed specific work programs will be implemented for each opportunity following completion of the Company's current capital raising.

24/08/2017

The company lodges its Quarterly Activities Report and Quarterly Cashflow Report.

31/07/2017

Drake is continually evaluating its strategic direction and opportunities, which recently included a review of asset potential and site visits in Sweden, where Drake's focus is expected to remain. The Company is in the process of seeking re-instatement of its Tullsta licence which expired in December 2016. Also, the company has decided to extend the closing date for acceptance of applications under the prospectus from 14 July 2017 to 5:00pm (WST) on 31 August 2017.

14/07/2017

The board have decided to extend the closing date for acceptance of applications under the prospectus from 30 June 2017 to 5:00pm (WST) on 14 July 2017. All other terms and conditions of the offer remain the same.

30/06/2017

ASX has granted a waiver from ASX Listing Rule 14.7.

30/06/2017

The company lodges a prospectus for the offer of up to 175,000,000 Shares at 1 cent per Share to raise up to $1,750,000.

20/06/2017

The company provides an update on its operations. It has retained its geological consultants, Geopool, to progress its interest in Scandinavia with a priority on the Sulitjelma copper zinc project in Norway and the Granmuren nickel-copper project in Sweden. Also, a second tranche of funding under the converting loan facility of $750,000 has been received and converted into a total of 75,000,000 Shares (at a conversion price of $0.01 per Share) and 25,000,001 attaching unlisted options. The company also issued 18,000,000 shares and 6,000,000 attaching unlisted options to satisfy the company's repayment obligations to its various creditors. Lastly, the company is currently progressing a prospectus for the offer of up to 175,000,000 shares at $0.01 per share to raise up to $1,750,000.

08/06/2017

The company lodges its Quarterly Activities Report and Quarterly Cashflow Report.

28/04/2017

Drake Resources Limited confirms that all results were passed by a poll at the Annual General Meeting held on 5 April 2017.

07/04/2017

The company releases the results of its AGM.

05/04/2017

The company provides an update to the consolidation of shares. There was a correction to the record date, which is now 10 April 2017.

04/04/2017

Shareholders get 1 share for every 150 presently owned.

04/04/2017

The company lodges its Half Year Accounts.

13/03/2017

The company provides an update to the market concerning its base metal projects in Scandinavia: Sulitjelma, Norway; Joma-Gjersvik, Norway and Granmuren, Sweden.

06/03/2017

The Annual General Meeting of the Company will be held at 283 Rokeby Road, Subiaco, Western Australia on 5 April 2017 at 10.00am

06/03/2017

Trinity Corporate agreed to withdraw its statutory demand against Drake. Orders giving effect to this agreement were made by the Supreme Court on 8 February 2017.

01/03/2017

On 27 February 2017, the company has received notice from Trinity Corporate and other Drake shareholders requesting the director of Drake to call and arrange to hold a meeting of the company for the purpose of considering the following resolutions: a) that each and every one of the present directors other than Jay Stephenson be removed from his or her office of director of the company; b) that Alex Pismiris be appointed as a director; and c) that Frank Licciardello be appointed as director.

01/03/2017

The company lodges its Quarterly Activities Report and Quarterly Cashflow Report.

31/01/2017

Drake Resources Limited is pleased to announce the receipt of the first tranche of funding pursuant to the funding facility agreed with Empire Capital Partners Pty Ltd.

28/12/2016

The company releases its Appendix 4G.

18/11/2016

The company lodges its Annual Report to shareholders.

18/11/2016

The Board of Drake Resources Limited advises that Trinity Corporate Pty Ltd, presently a substantial shareholder of the Company, has issued a statutory demand upon the Company claiming immediate payment of $66,000. The claim relates to unpaid fees under the Company's corporate advisory mandate with Trinity.

18/11/2016

The company provides a funding and management update. The Company has entered into agreements with Empire Capital Partners Pty Ltd to facilitate a medium term financing and recapitalisation of the Company.

18/11/2016

The company lodges its Quarterly Activities Report and Quarterly Cashflow Report.

31/10/2016

Drake Resources advises that the ASX has determined that the Genome company structure and operations post completion of the Genome Technologies Ltd acquisition will not be suitable for a listed entity under Listing Rule 1.1 Condition 1. The Company advises that as a result, the Transaction will not proceed.

12/10/2016

The securities of Drake Resources Limited will be suspended from quotation from the commencement of trading today, 23 September 2016, pending release of an announcement.

23/09/2016

The suspension of trading in the securities of Drake Resources Limited will be lifted immediately following the release of an announcement regarding the prospectus closure and renounceable entitlement issue raising approximately $1.82 million. ASX Code: DRK

15/05/2015

The securities of Drake Resources Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement. Security Code: DRK

14/05/2015

The suspension of trading in the securities of Drake Resources Limited will be lifted immediately following the release of an announcement regarding a proposed fully underwritten renounceable issue to raise approximately $1.82 million. ASX Code: DRK

22/01/2015

securities suspended pending an announcement

21/01/2015

securities reinstated

01/08/2011

securities suspended pending an announcement

29/07/2011

Drake Resources Limited was one of 43 that failed to put the adoption of the company's remuneration report to a non-binding vote at the company's annual general meeting (AGM) this year - ASIC said "that is not good enough...shareholders need to know in advance what resolutions are being voted on at the AGM so they can decide whether to attend the meeting or vote by prox"

20/12/2005

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    14/05/2012Brett Fraser120,000$0.171$20,465
    14/05/2012Jay Stephenson120,000$0.171$20,465
    21/09/2011James Merrillees-100,000$0.360$36,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Sara KellyNon Exec Chairman01/06/2017
    Jason StirbinskisCEO11/02/2013
    David WheelerNon Exec Director05/12/2017
    Eddie KingNon Exec Director10/02/2017
    James ScovellNon Exec Director01/06/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jay StephensonNon Exec Director30/03/200405/12/2017
    Brett FraserNon Exec Chairman30/03/200410/03/2017
    Bob BeesonNon Exec Director17/11/200410/03/2017
    James MerrilleesExecutive Director17/05/201114/08/2013
    John HoonNon Exec Director04/04/201114/06/2013

    Date of first appointment, title may have changed.