GOOROO VENTURES LIMITED (GOO)

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The company received confirmation from ASIC consenting to the resignation of Grant Thornton Audit as auditor of the company. UHY Haines Norton has consented and was appointed as new auditor of the company.

The company lodges its June 2020 Quarterly Activities Report and Appendix 4C.

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

The company releases an Appendix 2A.

The company has issued 2,877,810 ordinary shares at $0.037 each and 2,702,703 options exercisable at $0.0001 expiring 1 January 2022, to Finnavate Inc. The issue of these securities was approved by shareholders at a general meeting held on 3 June 2020.

10,000,000 C Class Performance Shares have been cancelled due to the Milestone Events to trigger conversion not being met.

The company releases the Results of Meeting.

Due to the current restrictions in place in relation to COVID-19, in particular the Australian Government's imposed social distancing measures, the Company is not able to allow shareholders to physically attend the Meeting. Accordingly, all resolutions at the Meeting will be decided by poll, based on votes submitted by proxy and at the Meeting by shareholders who have indicated that they intend to vote at the Meeting.

The company has issued 263,158 ordinary sharesto Norvest Projects Pty Ltd following conversion of 150,000 Convertible Notes by Norvest. Norvest has elected to convert instead of redemption and the company has decided to accommodate the request. These shares are subject to a holding lock due to the company's securities have been suspended for more than 5 trading days in the last 12 months. The holding lock will be released upon the anniversary of the issue date or upon the release of a cleansing prospectus by the company, whichever earlier.

The company lodges its Quarterly Activities Report and Appendix 4C.

In ight of increasing COVID19 infection and restrictions on indoor gatherings, shareholders who wish to participate in the upcoming general meeting of the Company on 3 June 2020 at 10:00am (AEST) remotely may do so via teleconference. If you would like to join via teleconference, please use the following details: Dial-in number: 1800 153 721 Pin number: 676979.

The company lodges its Appendix 4D and Half Yearly Report.

The company has issued 19,026,880 ordinary shares following conversion of 10,845,326 Convertible Notes. The remaining 550,000 Convertible Notes were redeemed by Noteholders. The Company has also issued 16,253,676 ordinary shares to Finnavate Inc at $0.037 per share, raising $601,386 for working capital purposes. These shares are subject to a holding lock due to the Company's securities have been suspended for more than 5 trading daysin the last 12 months. The holding lock will be released upon the anniversary of the issue date or upon the release of a cleansing prospectus by the Company, whichever earlier. An Appendix 2A is also being released.

The company issues a response to ASX 3X and 3Z Query Letter.

The company lodges its Quarterly Activities Report and Appendix 4C.

Gooroo and Finnavate have now finalised Finnavate's investment in Gooroo pursuant to which Finnavate is in the process of subscribing for a further $0.7 million worth of shares. The vast majority of convertible note holders in Gooroo have agreed to convert their convertible notes into shares. Gooroo and Finnavate have entered into a US Software Distribution Agreement to distribute Gooroo's software into the US market. Mr Kotti has flagged an exciting new strategic direction for Gooroo.

The company enters binding term sheet with Finnavate for share subscription and US software distribution.

The company releases its Chair and CEO AGM Address.

The company releases the Results of Meeting.

Late on Thursday 31 October 2019, ASX formally advised Gooroo that there is a significant likelihood the ASX will exercise its discretion under Listing Rule 1.19 to decline Gooroo's application for readmission if it chooses to proceed with the acquisition of the AIS business. Following thorough due diligence the Gooroo Board has determined not to proceed with the AIS merger. The company is now actively reviewing its options and intends to progress discussions with alternative acquisition targets. The company intends to request a lift to its trading suspension when an alternative strategy has been finalised. The Board remains confident with its chosen strategy and the future prospectus for shareholders.

The company lodges its Quarterly Activities Report and Appendix 4C.

The company's AGM will be held on 27 November 2019 at 11.00 am (Melbourne time) at Ground Floor 10 Grattan Street PRAHRAN VIC 3181.

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

The company lodges its Annual Report to shareholders.

The following unlisted options have lapsed: 750,000 granted on 12 October 2016 at an exercise price of $0.25 and expiry date of 12 October 2019.

The company lodges its Full Year Statutory Accounts.

The company releases the results of its meeting.

The company has received a tax refund of $432,848 from Australian Federal Government's R&D Tax Incentive program. R&D deductions for the 2018-2019 financial year were $995,052.

The company releases a Merger with AIS Anywhere - Presentation to Investors.

The company announces a successful $1.5 million capital raising from sophisticated and professional investors. The purpose of the capital raising is to assist Gooroo funding working capital and the transaction/re-compliance costs for the acquisition of AIS Anywhere Inc. No funds will be used for the working capital needs of AIS. AIS's major shareholder has subscribed for $1 million of the note issue.

The company lodges its Preliminary Final Report.

The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation.

22,000,000 B Class Performance Shares have been cancelled due to the Milestone Events to trigger conversion not being met.

The company releases a notice of EGM. The meeting will be held on 18 September 2019 at 11.00am (Melbourne time) at Ground Floor 10 Grattan Street Prahran VIC 3181.

The company releases a presentation on the potential merger with AIS Anywhere.

The company is in the process of conducting a capital raising of up to $1.5 million to institutional, sophisticated and professional investors to primarily fund the transaction costs and working capital for a potential merger with AIS Anywhere. The proposed acquisition price for AIS is up to $19.1 million based upon 6.7x AIS CY2018 EBIT. Consideration will be a mix of cash and shares, and is yet to be finalised. Gooroo will need to recomply with Chapter 1 and 2 of the Listing Rules. There can be no guarantee that a transaction with AIS will proceed.

The securities of Gooroo Investments Limited will be suspended from quotation immediately, following receipt of an announcement regarding a proposed transaction that will result in a change of its activities or scale. GOO's securities will remain suspended until it has complied with Chapters 1 and 2 of the Listing Rules under Listing Rule 11.1.3.

listed entity carried for record purposes only