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HIGH GRADE METALS LIMITED (HGM)

Suspended from ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
HIGH GRADE METALS LIMITED22/02/2018
QUEST MINERALS LIMITED03/12/200822/02/2018
IC2 GLOBAL LIMITED28/07/200403/12/2008
WESTEL GROUP LIMITED28/07/2004

Shareholder links

 

REGISTRY:

Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009

Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000001729
Address: Level 2 480 Collins Street Melbourne Vic 3000
Tel:  +61 3 9614 0600 Fax: + 61 3 9614 0550

Date first listed: 13/02/1995
Company Secretary: Adrien Wing
Sector: Materials Industry Group: XMJ
Activities: Exploration for gold, iron and other mineral resources
OFX Transferring Money Internationally to Free

The company lodges its Quarterly activities and cashflow report.

14/10/2020

The following unlisted options have expired in accordance with the terms of which they were issued: 97,500,000 with an exercise price of $0.03 and an expiry date of 30/9/2020; and 3,000,000 at an exercise price of $0.12 and an expiry date of 30/9/2020.

01/10/2020

ASX has granted waivers of certain Listing Rules in connection with the proposed acquisition by HGM of 100% of the issued capital of Jade Gas Pty Ltd.

17/09/2020

The company lodges its Half Yearly Report and Accounts.

10/09/2020

The company releases an Appendix 2A.

26/08/2020

The non-renounceable pro rata offer closed on 19 August 2020. The Company has received valid applications for 113,234,623 new shares to raise a total of $566,173. The new shares are expected to be issued on 26 August 2020.

24/08/2020

The company's 1 for 4 NonRenounceable Rights Issue closed at 5:00pm (AEST) on 19 August 2020.

20/08/2020

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.

13/08/2020

The closing date of the nonrenounceable pro-rata rights issue offer of 1 new share for every 4 shares to raise $565,000 before costs has been extended to 19 August 2020.

07/08/2020

The Prospectus and accompanying Entitlement and Acceptance forms have been despatched to Eligible Shareholders today for the non renounceable pro-rata rights Issue of one (1) new share for every four (4) shares held at the record date at a price of $0.005 (0.5 cents) per share.

03/08/2020

The company releases a Letter to Ineligible Shareholders regarding its pro-rata non-renounceable rights issue.

30/07/2020

The company releases its Amended Constitution.

30/07/2020

The company releases the results of its meeting.

30/07/2020

The company lodges its Quarterly activities and cashflow report.

29/07/2020

The company releases an Appendix 2A.

27/07/2020

The company issues a notice of Proposed issue of Securities - HGM.

24/07/2020

The company releases a rights issue prospectus for a non-renounceable pro-rata rights issue of 1 new share for every 4 shares held at the Record Date at an issue price of $0.005 (0.5 cents) per new share, to raise approximately $565,000 before costs of the issue. The Rights Issue closes at 5:00pm (Melbourne time) on 12 August 2020 (which date may change without notice).

24/07/2020

The company will be unable to permit attendees "˜in person' at its Annual General Meeting scheduled for 11.00am, 30 July 2020 at Level 3, 480 Collins Street, Melbourne, Victoria, 3000. Shareholders will be able to watch and listen to the meeting on the ZOOM platform or alternatively will be provided dial in details. To register your participation and to receive the details please email ej@highgrademetals.com.au. Shareholders are invited to submit questions to via email (ej@highgrademetals.com.au) ahead of the AGM. Shareholders who have not cast their proxy vote are encouraged to vote before the close of proxy voting at 11.00am, 28 July 2020.

22/07/2020

The company issues a notice of Proposed issue of Securities - HGM.

07/07/2020

Binding agreement to acquire 100% of the issued capital of Jade Gas Pty Ltd. Jade is focused on the emerging coal seam gas sector in Mongolia. The key asset of Jade is: a 60% interest in a joint venture with state-owned enterprise, Erdenes Methane LLC, which holds a Production Sharing Agreement with the Mineral Resources and Petroleum Authority of Mongolia to explore and exploit coal seam gas. HGM to consolidate existing shares, performance shares and options on issue on a 1 for 5 basis, and then issue a prospectus to raise up to A$6 million at 3c per share. HGM to issue the Jade shareholders, 826,166,667 fully paid ordinary shares and 68,000,000 options. Jade to appoint two additional directors to the Board of HGM. The Transaction is subject to conditions, including completion of satisfactory due diligence, shareholder approval, ASX approval and the Company's re-compliance with Chapters 1 and 2 of the ASX Listing Rules. The Company's shares will remain voluntarily suspended until such time as the Transaction completes or is terminated.

07/07/2020

The Annual General Meeting of the Company will be held at Level 3, 480 Collins Street Melbourne on Thursday, 30 July 2020 at 11.00 AM (AEST). Based on the best information available to the Board at the time of the Notice, the Board considers it will be in a position to hold an "in-person" meeting at the above location to provide shareholders with a reasonable opportunity to participate in and vote at the Meeting, while complying with Federal and State COVID-19 restrictions regarding gatherings.

29/06/2020

The company lodges its Quarterly Activities and Cashflow Report.

30/04/2020

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

24/03/2020

The company lodges its Annual Report to Shareholders.

24/03/2020

The unlisted options referred to in the 26 February 2020 announcement should have been reported as follows: Unquoted Unlisted options (3 cents "“ 30 Sept 2020) 97,500,000; Unlisted options (12 cents "“ 30 Sept 2020) 3,000,000; Unlisted option (3 cents "“ 30 June 2022) 35,000,000; Total Unlisted Options 135,500,000.

24/03/2020

The following securities will be released from escrow on 7 March 2020: Fully paid ordinary shares - 112,333,334; Unlisted options (3 cent "“ 30 Sept 2020) - 61,350,000; Class A Performance Shares - 84,000,000; Class B Performance Shares - 101,333,334.

26/02/2020

The company lodges its Quarterly Activities and Cashflow Report.

30/01/2020

The company has received confirmation from the directors of the company it is looking to acquire that progress has been made that should allow HGM to proceed to the next step in the acquisition process. The company's lawyers are currently reviewing the documentation relating to the completion of the milestone as part of the finality of due diligence.

26/11/2019

The company lodges its Quarterly Activities and Cashflow Report.

24/10/2019

The company is working constructively with the ASX and the vendors and expects to be in a position to provide details of the proposed acquisition in October 2019.

04/09/2019

The company lodges its Half Yearly Report and Accounts.

03/09/2019

The company lodges its Quarterly Activities and Cashflow Report.

30/07/2019

Comprehensive review of Austrian Gold and Cobalt Projects completed. Projects remain prospective for gold and cobalt mineralisation. HGM to prepare complete summary of relevant information and commence a process to seek a partner to help fund an appropriate exploration program.

26/07/2019

The securities of High Grade Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of HGM, pending the release of an announcement regarding a material acquisition.

18/07/2019

The suspension of trading in the securities of High Grade Metals Limited will be lifted from the commencement of trading on Wednesday, 22 August 2018, following the release by HGM of an announcement regarding a material transaction relating to the disposal of a non-core tenement.

21/08/2018

HGM has agreed to sell its non core WA vanadium project to ASX listed Surefire Resources NL for the following consideration: A$500k in cash; 62.5m SRN shares (A$750k at deemed price of $0.012), escrowed for six months; A$650k in cash or share consideration within 60 days of SRN announcing a PFS for the project with an IRR of over 20%; and A$650k in cash or share consideration within 60 days of SRN announcing a decision to mine. Sale monetises a non core asset to enable sole focus of the Company to be on its nine prospective Austrian gold and cobalt, copper, nickel projects.

21/08/2018

The securities of High Grade Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of HGM, pending the release of an announcement regarding a material transaction relating to the disposal of a non-core tenement.

21/08/2018

High Grade Metals Limited will be reinstated to Official Quotation from the commencement of trading on Wednesday, 7 March 2018, following the Company's re-compliance with Chapters 1 and 2 of the ASX Listing Rules pursuant to Listing Rule 11.1.3.

06/03/2018

On 26 February 2018, it completed the acquisition of the issued capital of Austrian Projects Corporation. The Company has issued a total 186,000,000 fully paid ordinary shares, 65,000,000 options exercisable at 3 cents each on or before 30 September 2020, 120,000,000 Class A Performance Shares and 120,000,000 Class B Performance Shares to the securityholders of APC.

27/02/2018

The company lodges its Half Yearly Report and Accounts.

22/02/2018

name changed from Quest Minerals Limited

22/02/2018

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    10/02/2017Steve Formica5,900,000$0.020$118,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Anthony HallExecutive Chairman11/02/2019
    Dennis MortonNon Exec Director07/07/2020
    Adrien WingNon Exec Director08/10/2018
    Steve FormicaNon Exec Director03/01/2017
    Brad DrabschExecutive Director03/04/2019
    Vladislav TrashlievAlternate Director22/01/2013

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Simon FrancisChairman08/10/201811/02/2019
    Torey MarshallManaging Director26/02/201811/02/2019
    Hayden LockeNon Exec Director26/02/201811/02/2019
    David PalumboNon Exec Director18/01/201708/10/2018
    Gino VitaleDeputy Chairman, CEO22/04/201326/02/2018
    Dennis GeeNon Exec Director15/06/201031/01/2017
    Paul PiercyNon Exec Chairman22/04/201318/01/2017
    Ian CrawfordAlternate Director21/10/201417/09/2016
    Stuart ThirdAlternate Director05/12/201328/07/2016
    Alan WindussNon Exec Chairman11/08/200822/04/2013
    Robert MolkenthinExecutive Director20/12/201222/04/2013
    Chris BarkerNon Exec Director19/09/201220/12/2012
    Lewis TyndallNon Exec Director23/03/200417/12/2012
    Anthony HamiltonCEO04/05/201219/09/2012

    Date of first appointment, title may have changed.