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HERON RESOURCES LIMITED(HRR)

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ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
HERON RESOURCES LIMITED02/03/2001
HERON RESOURCES NL02/03/2001

Shareholder links

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

 

REGISTRY:

Automic Registry Services LEVEL 2, 267 St Georges Terrace,, PERTH, WA, AUSTRALIA, 6000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000HRR6
Address: Level 1, 37 Ord Street, WEST PERTH, WA, AUSTRALIA, 6005
Tel:  (08) 9215 4444 Fax: (08) 9215 4490

Date first listed: 07/08/1996
Company Secretary: Mr Simon Smith, Mr Bryan Horan (Joint Co. Secretary)
Sector: Materials Industry Group: XMJ
Activities: Laterite nickel mineral exploration and development through sole funded and joint venture activities

News & Events

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OFX Transferring Money Internationally to Free

The suspension of trading in the securities of Heron Resources Limited will be lifted from the ommencement of trading on Friday, 14 August 2020, following the release by HRR of an announcement regarding a strategic process to be undertaken by the Company for the Woodlawn mine.

14/08/2020

Woodlawn Mine strategic process to be conducted with long-term standstill from secured lenders and major unsecured creditors. Azure Capital appointed to assist Company to maximise the inherent value at Woodlawn for all stakeholders. Care and maintenance funding secured from funds managed by Castlelake, one of Heron's major shareholders. Optimisation studies and key work programs commenced targeting value-add opportunities.

14/08/2020

The company requests that the voluntary suspension remain in place until the earlier of the commencement of trading on 14 August 2020 or when an announcement in relation to a strategic process for the Woodlawn mine is released to the market.

11/08/2020

Negotiations between the key stakeholders are continuing and the Company's shares will remain suspended from trading on the ASX until the earlier of 7 August 2020 or the release of announcement relating to the strategic process. To allow for final documentation to be prepared and executed, Orion Mine Finance have granted an extension of their waiver relating to events of default under the Company's Loan Agreement until 7 August 2020.

04/08/2020

The securities of Heron Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of HRR, pending the release of an announcement.

04/08/2020

The suspension of trading in the securities of Heron Resources Limited will be lifted immediately, following the release by HRR of an announcement regarding the outcome of the institutional component of its entitlement offer.

08/10/2019

The institutional component of the 0.7324 for 1 accelerated non-renounceable entitlement offer has closed, raising approximately $11.5 million through the issue of 57,584,627 ordinary shares in the company. The institutional component was conducted at an issue price of 20 cents per share. The suspension that was implemented on 16 August 2019 is expected to be lifted at market open on 8 October 2019. The second stage of the entitlement offer is the retail component, which will open on 11 October 2019 and is expected to close at 5.00pm (AEDT) on 22 October 2019. The company will use the funds to provide additional financial support in connection with the ongoing ramp-up of the Woodlawn Project to nameplate capacity, repay a portion of the outstanding loan under the loan facility provided by OMF, provide working capital and to pay the costs of the entitlement offer.

08/10/2019

The release this morning regarding the A$91 million funding package for Woodlawn contained a formatting "error, bookmark not defined" in the Sources and Uses table on Page 3. The current release has corrected this formatting.

04/10/2019

The company provides details on its $35.4 million underwritten accelerated non-renounceable rights issue. Under the terms of the entitlement offer, existing shareholders of the company will be entitled to subscribe for 0.7324 new shares, for an issue price of $0.20 per share, for every 1 share held as at 5.00pm (AEDT time) on 8 October 2019.

04/10/2019

The company releases a letter to its optionholders in relation to its non-renounceable entitlement offer.

04/10/2019

The company releases an Investor Presentation and Project Update.

04/10/2019

The company releases an entitlement offer prospectus to eligible shareholders of up to approximately 176,996,850 new shares at an issue price of $0.20 per new share on the basis of 0.7324 new shares for every 1 existing share held, to raise up to approximately $35.4 million before costs.

04/10/2019

The company has secured a A$91 Million Funding Package for Woodlawn. Funding package will allow Heron to be fully funded with clear pathway to achieve cashflow positive status following delays in construction and ramp-up. Absent this immediate funding, Heron forecasts it will run out of unrestricted cash by the end of October 2019. Full settlement of Sedgman claims over the Woodlawn EPC Contract. A review by independent industry specialists confirms the technical and operational basis for the project remains sound and retains an attractive production profile notwithstanding the experienced construction delays. Funding from Orion and funds managed by Castlelake subject to FIRB approval, as well as shareholder approval required for certain terms of the Funding Package. Heron's Independent Directors unanimously recommend shareholders vote in favour of all resolutions at a planned General Meeting to be held in December.

04/10/2019

The company lodges its Annual Financial Report.

01/10/2019

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

30/09/2019

Heron extends standstill agreement with senior debt provider. Extension of debt waiver letter executed to facilitate ongoing finance negotiations. Discussions with major shareholders and senior debt provider well progressed.

30/09/2019

A review by independent industry specialists has confirmed Woodlawn's technical and operational basis. Following the delay in completing the process plant construction, plant ramp-up is now proceeding to a revised schedule with Woodlawn now routinely producing marketable base metal concentrates. Details of a financing package required to address working capital and debt serviceability continues to progress with major shareholders ï‚· Interim debt waiver letter has been provided to the company to facilitate finance negotiations.

30/08/2019

The securities of Heron Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of HRR, pending the release of an announcement.

16/08/2019

we understand that on or about this date the company consolidated its shares 1 for 10

11/12/2017

The suspension of trading in the securities of Heron Resources Limited will be lifted immediately, following receipt of an announcement regarding a proposed financing transaction.

30/06/2017

The company releases an an Equity Raising Presentation.

30/06/2017

The company has secured the full A$240 million funding package required for the construction and ramp-up of its 100% owned Woodlawn Zinc-Copper project.

30/06/2017

The securities of Heron Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement regarding a proposed financing transaction.

28/06/2017

we understand that on or about this date the company made an in specie distribution of 1 share in Rubicon Resources Limited for every 7.2 shares in the company

29/01/2007

we understand that on or about this date the company made an in specie distribution of 1 share in Epsilon Energy Limited for every 11 shares in the company

11/12/2006

name changed from Heron Resources NL

02/03/2001

 

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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
    14/11/2019Stephen Dennis189,157$0.120$22,739
    16/07/2018Wayne Taylor22,000$0.590$12,980
    02/10/2017Stephen Dennis230,000$0.065$14,950
    02/03/2016Stephen Dennis350,000$0.092$32,305
    06/01/2016Wayne Taylor103,050$0.090$9,739

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Stephen DennisNon Exec Chairman, Independent Director06/12/2006
    Tim DobsonCEO23/03/2020
    Andrew LawryCOO22/06/2015
    Simon David SmithCFO26/07/2011
    Mark SawyerIndependent Director19/08/2015
    Ian PattisonNon Exec Director29/11/2017
    Ricardo De ArmasNon Exec Director22/09/2017
    Ian BuchhornExecutive17/02/1995

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Fiona RobertsonIndependent Director09/04/201531/07/2020
    Borden PutnamNon Exec Director12/12/201431/07/2020
    Peter RozenauersNon Exec Director22/09/201720/03/2020
    Wayne TaylorManaging Director, CEO11/08/201418/09/2019
    Craig ReadheadChairman, Independent Director23/11/200130/04/2015
    James GillDeputy Chairman, Non Exec Chairman11/08/201419/08/2014
    Ken HellstenNon Exec Director15/12/200616/11/2012
    Jonathan ShellabearManaging Director, CEO01/08/201109/10/2012

    Date of first appointment, title may have changed.