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GROUP 6 METALS LIMITED (G6M)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
GROUP 6 METALS LIMITED15/11/2021
KING ISLAND SCHEELITE LIMITED02/11/200515/11/2021
GTN RESOURCES LIMITED08/10/199802/11/2005
GTN RESOURCES NL25/08/199808/10/1998
GREAT NORTHERN MINING CORPORATION NL25/08/1998

Shareholder links

 

REGISTRY:

Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000KIS7
Address: Level 7 157 Ann Street Brisbane QLD 4000
Tel:  (02) 8622 1400Fax: (02) 8622 1401

Date first listed: 21/09/1967

Sector: Materials Industry Group: XMJ
Activities: Development of the King Island scheelite deposits

News & Events

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The suspension of trading in the securities of Group 6 Metals Limited will be lifted immediately following the release by G6M of an announcement regarding a material capital raising.

08/05/2023

The company releases a notice of proposed issue of securities.

08/05/2023

The Company has received commitments for c.$27 million and $3 million in underwriting for a Share Purchase Plan to raise a minimum of $30 million, providing the runway to progress operations towards positive cash flow. Project commissioning is significantly advanced, with first Tungsten concentrate production imminent, followed by a period of project ramp-up to steady state operations at attractive expected operating margins over the initial 13-year mine life. Funds were raised at $0.14c per share, representing a 15.2% discount to the last traded price on 28 April 2023 and a 16.6% discount to the 5-day VWAP. The Placement received strong support from major shareholders, with the Company's top 4 shareholders committing to subscribe for 69% of the total raising. The Company is also embarking on a partially underwritten Share Purchase Plan to allow existing eligible shareholders to participate on the same terms to raise up to an additional A$5 million, subject to shareholder approval. Eligible shareholders can subscribe for up to A$50,000 of new shares in the SPP. Proceeds from the Placement and SPP will be used to progress construction, commissioning and ramp-up towards steady state production at the Dolphin Tungsten Mine. Additionally, the funds will provide the Company with balance sheet flexibility to expedite feasibility studies on Bold Head mine development, downstream processing, and integration of renewable energy. Participants in the Placement and SPP will receive 2 free options for every 3 New Shares subscribed for, with an exercise price of A$0.21 and an expiration date of 30 June 2025. MD and CEO Keith McKnight, Chairman Johann Jacobs and Executive Director Chris Ellis to participate in the Placement, subject to shareholder approval.

08/05/2023

The securities of Group 6 Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of G6M, pending the release of an announcement regarding a material capital raise.

03/05/2023

name changed from King Island Scheelite Limited

15/11/2021

 

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ASX, Legal & CGT Status

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about time someone updated phone numbers on this site

16/05/2024 12:23:02

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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
    09/04/2019Christopher Ellis200,000$0.094$18,690
    08/04/2019Johann Jooste-Jacobs100,000$0.094$9,420
    06/03/2015Johann Jooste-Jacobs1,815$0.150$272
    03/03/2015Johann Jooste-Jacobs33,185$0.146$4,861
    03/03/2015Johann Jooste-Jacobs50,000$0.155$7,770

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Johann Jooste-JacobsNon Exec Chairman30/11/2012
    Keith McKnightManaging Director, CEO24/01/2022
    Michael ZannesCFO06/03/2023
    Christopher EllisNon Exec Director08/11/2012
    Tony CarusoNon Exec Director22/04/2024
    Greg HancockDirector26/02/2019
    Megan McPhersonCompany Secretary31/01/2022

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Allan DaviesNon Exec Director30/09/201326/02/2019
    Robin MorrittNon Exec Director24/05/200530/09/2013
    Simon BirdDirector, CEO01/01/200911/08/2013
    Tony HaggartyNon Exec Chairman07/04/199808/11/2012
    Andrew PlummerNon Exec Director01/03/200624/10/2012
    Li LiNon Exec Director18/05/201116/08/2012
    Fang WuAlternate Director21/06/201216/08/2012
    Chen YaoAlternate Director07/03/201221/06/2012

    Date of first appointment, title may have changed.