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Former (or subsequent) names

FOY GROUP LIMITED26/08/201512/09/2017
FOYSON RESOURCES LIMITED31/05/201226/08/2015
MIL RESOURCES LIMITED16/11/200731/05/2012
PIMA MINING NL20/06/199126/09/2002

Shareholder links



Boardroom Pty Ltd, Level 12, 225 George Street, Sydney NSW 2000

Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000IGE5
Address: Suite 102 Level 1, 1 Spring St Chatswood NSW 2067
Tel:  (02) 8920 2300 Fax: (02) 8920 3400

Date first listed: 23/11/1989
Company Secretary: Joshua Herbertson
Sector: Materials Industry Group: XMJ
Activities: Mineral exploration and investment in mining properties

News & Events

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OFX Transferring Money Internationally to Free

The company lodges its Preliminary Final Report.


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 lodges its Quarterly Operations Review and Appendix 4C.


The company is working through a process with the lenders regarding the working capital loans to ensure a mutually beneficial outcome for all parties at a time when the COVID-19 crisis has necessarily impacted timelines and priorities. The company is in the process of providing the various parties with the following options: cash pay-out; debt to equity; loan extension; or a combination of these three. All parties will be given 30 days to consider the option they choose to adopt. The Thailand Board of Investment has granted IGES an extension to October 2020 under the approval certificate to manufacture fuel from waste for promotion under category 1.16.2 Manufacture of Fuel from Waste of the Investment Promotion Act. IGES has identified a suitable site for development in Thuringia Germany. Whilst IGES continues to focus on the completion of the 100TPD approved site in Amsterdam, the company plans to increase capacity to 400TPD in the future. This final phase for the Amsterdam facility is forecasted to occur within 2 years of initial operations at its licensed 100TPD capacity, IGES will apply for an amended permit through the Amsterdam Competent Authority via the uniform public procedure, which has a maximum application period of 32 weeks.


The Deed of Settlement and Release with MWH provided for payment in the second quarter of 2020. In line with the agreed process, the Supreme Court of NSW gave a consent judgment on 27 May 2020 in favour of MWH for A$12.4 million plus costs. MWH served a creditor's statutory demand on IGES on 4 June 2020. The final date that IGES can satisfy the creditors statutory demand is 4 December, 2020. The amount payable is covered by the company's loan funding arrangements in terms of both quantum and timing. The Amsterdam Investment will be replaced by loan funding in quarter 4, 2020.


The company lodges an Appendix 4C with a new format.


GEP have restated their commitment to fully funding the Indiana auto shredder residue to road ready fuel project which by default will fund IGES in June, 2020. The Indian ASR project is being developed via the entity Integrated Green Partners LLC.


SGC have advised that the funding structure is in place and they are now recalibrating the timing of the instalments. IGES remains committed to SGC and the fulfillment of its US$90 million loan facility obligation. The company has requested SGC to confirm the short-term availability of the US$1.5 million in escrow monies, previously paid to SGC by IGES and currently held on term deposit by SGC on behalf of IGES. SGC confirmed in writing that should IGES decide to withdraw from the loan funding agreement, the US$1.5 million will be transferred to us within 20 business days. It has been determined that to this point, the better decision for shareholders has been to progress the SGC funding.


GEP have advised that they have been successful in reaching the target date released to the market. Mr Hogan provided detailed insight to the planned use of the debt funds for the Camden project to include the several areas. The payment to IGES of US$7.5 million for module construction forms a critical part of the Camden, Indiana project. All funds provided to IGES will be utilised in the first instance to go towards the finalisation of the Amsterdam project. IGES will also utilise these funds to progress the UK (Northampton) site and the Thailand site where the Company has full environmental permits to operate a plastic to fuel facility that produces 70 million litres pa of road ready fuel by processing 200 tonnes per day of end of life non-recyclable plastics. Finally, these funds will be used to progress the roll-out of the 20-site international expansion plan. SGC has advised today that they remain confident of funding IGES.


The funding from Structured Growth Capital and GEP Fuel and Energy LLC is on track to be in place by 26 May 2020. In conjunction with the imminent funding, a strategic vertically integrated acquisition of a key business partner, Odyssey Waste Control Pte Ltd, is planned as part of the company's risk mitigation initiatives associated with the 20-site global expansion plan.


The company lodges its Quarterly Operations Review and Appendix 4C.


All disputes betwen Mac Wealth Holdings and the company have been resolved on mutually beneficial terms. The hearing due to occur in 14 April 2020 has now been vacated. Under the terms of the settlement, there will not be a material impact on the financial results of IGES. More importantly, IGES is able to meet any and all obligations in this area from its major funding sources as disclosed in our recent market announcements on 1 April 2020.


Both SGC and GEP remain committed and confident in terms of completing their contractual commitments with IGES. On the basis that markets remain reasonably stable over the coming weeks GEP expects to conclude their funding transaction within the next 21 days so that cleared funds totalling US$7.5 million will be available in the IGES bank account by Monday 27 April 2020.


A funding schedule is expected to be available to IGES, no later than Tuesday 31 March 2020. The commitment from GEP and SGC to provide funding and to support IGES has not wavered. The Company continues to communicate with both GEP and SGC and identify appropriate courses of actions as international events unfold.


The company lodges its Half Year Accounts.


The company makes a correction to its announcement titled Commercial Dispute. Where the announcement reads "We are advised that this latest approach is also flawed in contractual fact and that the pleadings of the plaintiff are believed to be inconsistent with the facts at hand", it should read: "We advise that this latest approach is also flawed in contractual fact and that the pleadings of the plaintiff are believed to be inconsistent with the facts at hand".


The company is currently involved in a dispute with a foreign entity that is scheduled for a hearing in the Supreme Court of NSW. The dispute is in its early stages of proceedings with the initial directions hearing scheduled for 6 March 2020.The matter that has fallen into dispute is fundamentally the interpretation of an investment contract in relation to the ability of the foreign entity to exercise an option to have the investment repaid prior to its intended maturity.


The company lodges its Amended Appendix 4C.


The company issues a response to ASX Query Letter.


The company lodges its Quarterly Operations Review and Appendix 4C.


The company issues a response to ASX Appendix 3Y Query.


The securities of Integrated Green Energy Solutions Ltd will be suspended from quotation immediately under Listing Rule 17.3, pending further enquiries by ASX on the funding update correction released by the company on Friday 17 January 2020.


The suspension of trading in the securities of Integrated Green Energy Solutions Ltd will be lifted immediately, following the receipt of IGE's response to an ASX Query Letter.


The company issues a response to ASX query.


Onsite construction at the Amsterdam project continues to progress. All piling was completed in early October. IGES's builder, Ijbouw B.V., has now informed IGES that all form work for the foundation concrete beams is also now complete, with pouring into the trenches to be finalised by the end of the week.


The company releases a notice of AGM. The AGM will be held at the Sebel Residence, Level 7, 37 Victor Street, Chatswood at 10.00 A.M. (AEDT) on 30 November 2018.


The company lodges its Annual Report to Shareholders.


The securities of Integrated Green Energy Solutions Ltd will be suspended from quotation immediately under Listing Rule 17.3, pending enquiries by ASX.


The securities of Integrated Green Energy Solutions Limited will be reinstated to official quotation from the commencement of trading on Tuesday, 30 January 2018, following the Company's recompliance with Chapters 1 and 2 of the Listing Rules, pursuant to Listing Rule 11.1.3.


The capital raise process is now complete. IGES has today issued 32,235,000 shares in return for the $6,447,000 in subscriptions received. The Company has also completed the Business Sale Agreement with Integrated Green Energy Ltd. The Company has issued 209,700,000 shares and 148,000,000 options due to the vendor in return for the IGE Business Assets.


The relisting process for the company is at its final stages of completion.


The company issues a Third Supplementary Prospectus.


The projects in the United Kingdom and Netherlands are progressing in accordance with the company's strategy. The relisting is now reaching its final stages of completion with the minimum subscription being surpassed last month. After discussions with the ASX and taking into account the Christmas and New Year period, a revised timetable has been finalised.


ASX grantes the company a waiver from listing rule 14.7 to the extent necessary.


The company releases a second supplementary prospectus.


The company releases the Managing Director's AGM Presentation.


The company releases the results of its meeting.


The directors advise that in relation to Resolutions 6 and 7, the directors have waived their rights to having shares issued on the same terms as those to be issued to unrelated parties under Resolution 5. It is now proposed that the number of shares to be issued to Mr David McIntosh and Mr Stuart Clark be 145,381 and 152,617 respectively. The issue price of these securities will be $0.20 per share.


The company provides a supplement to notice of AGM.


The company issues a supplementary prospectus to be read in conjunction with the replacement prospectus.


After reviewing the company's current status in the context of the previously released prospectuses, the directors determined that it is prudent to release a supplementary prospectus. This is anticipated to be released within the next 7 days after due consutlation with ASIC and ASX. As more information will be provided to the market, this will necessitate an extension of the capital raising offer period. The directors expect this extension to be approximately 4 weeks.


The company's AGM will be held at the offices of IGES, Suite 3A, 18 Smith St., Chatswood, NSW, 2067 on 30 November 2017 at 11.00am (Sydney time).


The company lodges its Quarterly Cashflow Report.


The company lodges its Annual Report to Shareholders.


The company lodges a Quarterly Activities Report.


The Company wishes to advise that the closing date for the Offer has been further extended to 5.00pm (AEDT) on 31 October 2017, subject to the right of the Company to close the Offer period early or further extend the closing date.


The company lodges its Full Year Statutory Accounts.


The Company wishes to advise that the closing date for the Offer has been further extended to 5.00pm (AEDT) on 24 October 2017, subject to the right of the Company to close the Offer period early or further extend the closing date.


Following detailed discussions with the ACT Suburban Land Agency regarding a range of options, an amicable and constructive solution has been reached and the parties have agreed to defer completion on the Hume site. The revised completion date is 20 October 2017. With this revised approach both parties meet their contractual obligations.


The company issues a replacement prospectus for the issue of a minimum of 32,500,000 New Shares at an Offer Price of $0.20 per New Share to raise a minimum of $6,500,000 and up to 75,000,000 New Shares to raise up to $15,000,000


name changed from FOY Group Limited


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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    21/01/2020Paul Dickson-1,435,696$0.173$248,932
    24/04/2015Michael Palmer1,500,000$0.005$7,500
    21/04/2015David McIntosh2,224,431$0.006$12,652
    20/04/2015David McIntosh2,500,000$0.005$12,500
    17/04/2015David McIntosh2,500,000$0.004$10,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Paul DicksonExecutive Chairman24/10/2014
    Stuart ClarkManaging Director25/08/2016
    Aliceson RourkeCFO18/06/2012
    Kilroy GeniaIndependent Director21/01/2015

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Bevan DooleyNon Exec Director24/10/201428/04/2020
    David McIntoshIndependent Director15/12/201409/04/2020
    Cliff JamesNon Exec Director22/12/201427/09/2017
    Cliff JamesDirector03/09/201227/09/2017
    Michael PalmerManaging Director, CEO19/03/201207/09/2015
    Doug HalleyNon Exec Chairman18/07/201104/12/2014
    John HollidayNon Exec Director18/07/201124/10/2014
    John HaggmanNon Exec Director25/06/200803/05/2014
    Tony WilliamsonCEO04/01/201219/03/2012

    Date of first appointment, title may have changed.