LEAF RESOURCES LTD (LER)

name changed to Foresta Group Holding Limited

The suspension of trading in the securities of Leaf Resources Limited will be lifted immediately, following release of LER's business update and completion of a placement.

The company releases a notice of application for quotation of securities.

The company releases a prospectus for the offer of up to: 1,000 Shares in the capital of the Company at an issue price of $0.03 per Share to raise up to $30 (before expenses); and 10,000,000 Options, exercisable at $0.04 each on or before 3 years from the date of issue to Altor Capital Management Pty Ltd.

The company releases an Investor Presentation July 2022.

Placement to sophisticated and professional investors to raise $5.1 million, plus $1.5 million convertible notes to convert to equity. Leaf is now clear to execute its growth strategy to double production targets to 16,000 tonnes per annum. Leaf's new 16,000tpa plant (previously acquired in May 2022) is currently being readied for shipment. Stump processing is underway, with significant optimisation improvements resulting in 100% efficiency gains with respect to stump pulling, and expected yield improvements. Yasuhara Chemical Co., reaffirms offtake agreement for market leading terpene products, with site visit recently completed. Insurance payments remain on track, with $1.4 million received to-date ensuring Leaf is well funded to commence construction and commissioning.

In order to facilitate an orderly settlement and allotment of the Placement securities the Company requests the suspension remain in place until the market opens on 21 July 2022 or earlier. Upon the successful completion of the Placement and release of the business update announcement, the Company plans to request ASX to lift the voluntary suspension of Leaf Resources Ltd on 21 July 2022.

The company releases a notice of proposed issue of securities.

The company requests a continuatino of the voluntary suspension for its ordinary shares until the market opens on 19 July 2022 or earlier. The company has received firm commitments from unrelated sophisticated and professional investors to raise a further $5.1 million through the issue of 170.0 million fully paid ordinary shares in the company at $0.03 per share.

The company releases a notification of cessation of securities.

The Company is in the process of arranging permanent funding for the payment of related transportation, installation costs and general working capital to bring the Apple Tree Creek plant back into operation. Determination of the availability and timing of permanent funding will directly impact the likely downtime, viability of and timeframes for remediation and repair program. Until these items can be determined with certainty, the Company continues to seek to have the voluntary suspension remain in place until 18 July 2022.

The company requests a continuation of the voluntary suspension initially granted for its ordinary shares until the market opens on 20 June 2022 or earlier.

Short-term financing has been arranged to enable it to acquire key equipment required to restore its plant, being a fit for-purpose solvent extractor with capacity to produce 16,000 tonnes per annum of Leaf's natural pine chemical products. The capacity of the plant prior to the incident was 8,000TPA. The Company has paid NZ$2,587,000 (including 15% GST) or NZ$2,250,000 (excluding GST) for the solvent extraction equipment and work has begun dismantling the plant in New Zealand while the Apple Tree Creek site is being readied for the installation of the replacement equipment.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The Company will seek to have the voluntary suspension remain in place until the Company is in a position to advise the market of the likely cause of the explosion; the full extent of the damage; the likely downtime; viability of and timeframes for remediation and repair program; insurance coverage and estimated financial impact due to loss of revenue and/or assets.

The directors have received confirmmation from its insurance broker that Leaf has been indemnified by the insurers for the damaged equipment, with estimated coverage up to $4.6m. While final determination is still pending the insurer has advised progress payments are to begin with the first installment to be released by the end of the week. This advice has allowed the company to place a deposit to secure the replacement equipment, which is fully functional and with a 16,000 tonnes per annum capacity at a capital cost of NZ$2.25m. The Company is now assessing its funding options to fully fund the cost of the replacement plant and equipment, and the related transportation and installation costs.

The Company will seek to have the voluntary suspension remain in place until the Company is in a position to advise the market of the likely cause of the explosion; the full extent of the damage; the likely downtime; viability of and timeframes for remediation and repair program; insurance coverage and estimated financial impact due to loss of revenue and/or assets.

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

The company requests a continuation of the voluntary suspension initially granted for its ordinary shares on 17 November 2021, until the market opens on 21 March 2022 or earlier. The company will seek to have the voluntary suspension remain in place until the company is in a position to advise the market of the likely cause of the incident at the company's Apple Tree Creek Pine Chemical Plant; the full extent of the damage; the likely downtime; viability of and timeframes for remediation and repair program; insurance coverage and estimated financial impact due to loss of revenue and/or assets.

The company releases a notification of cessation of securities.

The company requests a continuation of the voluntary suspension granted for its ordinary shares on 17 November 2021 until the market opens on 31 January 2022 or earlier.

Initial visual assessment of the site has been completed, following the incident on Friday 12th November and the company being allowed access to the site by WorkSafe Queensland on 1st December 2021. This visual inspection has confirmed that the extractor and control rooms are damaged beyond repair and will require full reconstruction. Importantly, this is only approximately 10-15% of the plant infrastructure and the rest of the site appears, at this time, to have only minimal damage. The front end processing and wood handling equipment has been tested and is fully operational. The site is currently without power. A return to full electrical power at the plant is being finalized and by the end of next week the plant should have power. The assessment by the insurance company has begun and is well advanced. The Company has $4.2m in cash, following the receipt of net proceeds of $1,327,632 in relation to the Research and Development Tax Incentive Program as announced yesterday. The company has undertaken a substantial reduction of operational expenditure while the company assesses the full extent of the damage, the likely downtime; viability of and timeframes for remediation and repair program; insurance coverage and estimated financial impact due to loss of revenue and/or assets.

The Company has received $2,521,218 in respect of its entitlements under the Research and Development Tax Incentive Program for the 2021 financial year. The Company also expects to receive an additional $250,413 in relation to the Essential Queensland Pty Ltd R&D Tax Incentive for the period 1 July 2020 to 21 December 2020 (completion of the acquisition), giving a total R&D tax incentive of $2,771,632. Following receipt of the funds the Company will repay the outstanding Radium R&D loan balance of circa. $1,444,000 providing the Company with net proceeds of $1,327,632.

WorkSafe Queensland would release the site back to the Company this morning at 6.00am AEST. That has happened and the Company is in possession of the Apple Tree Creek site. Insurance assessors and company staff will now assess the damage from the 12th November 2021 incident.

The company releases the results of its AGM.

The company releases its Chairman's AGM Address.

The securities of Leaf Resources Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of LER, pending the release of an announcement regarding the outcome of investigations into the explosion at its Apple Tree Creek Pine Chemical Plant.

The suspension of trading in the securities of Leaf Resources Ltd will be lifted immediately following the release by LER of an announcement regarding a capital raising and business update.

The company releases a notice of proposed issue of securities..

The company releases an Investor Presentation July 2021.

Leaf to double operational production capacity of natural pine chemicals to 16,000tpa. Major customer tests by Yasuhara confirm Leaf's product meets all required specifications and contains no unnatural residues. Successful stump trials confirm the business case of using stumps as a feedstock and dramatically increase the availability of wood supply for Leaf's natural pine chemical manufacturing. Wood pellet production fast-tracked; expected to generate additional $8.0m revenue per annum. Placement completed to new and existing institutional and sophisticated investors, raising a total of $8.0m, to finance expansion.

The securities of Leaf Resources Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of LER, pending the release of an announcement regarding a business update and proposed capital raising.

The suspension of trading in the securities of Leaf Resources Ltd will be lifted from the commencement of trading on Tuesday, 22 December 2020, following re-compliance with Chapters 1 and 2 of the ASX Listing Rules

The company releases the following: Pre-Quotation Disclosure, Appendix 1A, Appendix 1A Information Form and Checklist, Prospectus, Corporate Governance Plan, Trading Policy, Constitution, Audited Accounts - 30 June 2019, Audited Accounts - 30 June 2020, Distribution Schedule, Top 20 Holders, Updated Distribution Schedule, Updated Top 20 Holders.

The securities of Leaf Resources Ltd are expected to be reinstated to Official Quotation at the commencement of trading at 10:04:30 AM AEDT on Tuesday, 22 December 2020, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. LER raised $3,000,000 pursuant to the offer under its prospectus dated 16 November 2020 by the issue of 150,000,000 shares at an issue price of $0.02 per share.

The company releases the results of its meeting.

The closing date for the offers under the prospectus has been extended from 5:00pm on Monday, 14 December 2020 until 5:00pm (EST) on Friday, 18 December 2020.

The Annual General Meeting for Leaf Resources Ltd is to be held at 2 pm AEST on 14th December 2020 at the following venue "“ The Oxley Room, Level 1, BTP Westlink Green, 2 Westlink Court, Darra, 4076 Queensland.

The company has obtained shareholder approval to proceed with the acquisition of Essential Queensland. The other resolutions that the acquisition is conditional on were also passed, resulting in the acquisition being further progressed towards completion. The closing date for the offers has been extended from 5:00pm (EST) on 30 November 2020 until 5:00pm (EST) on 14 December 2020.

The company releases the results of its meeting.

we understand that on or about this date the company consolidated its shares 17 for 20

The company releases a notice of consolidation of its securities. Shareholders will get 17 shares for every 20 presently owned.

The General Meeting of Leaf Resources Limited (ASX:LER) is to be held at 1:00pm (Brisbane time AEST) on 27th November 2020 at the following venue "“ The Oxley Room, Level 1, BTP Westlink Green, 2 Westlink Court, Darra, 4076 Queensland. Due to the ongoing COVID-19 procedures and venue restrictions, the Company strongly encourages shareholders to vote via proxy for the purposes of the Meeting, rather than attending in person.

The company issues a prospectus for an offer of up to 150,000,000 shares at an issue price of $0.02 per share to raise up to $3,000,000.

The company's AGM will be held at 2.00pm (AEST) on 14 December 2020. The venue or other arrangements will be announced once finalised.

The company lodges its September 2020 Quarterly Update.

The company releases an Appendix 4G.

The company releases an Appendix 2A.

The company releases an independent experts' report as an annexure to its notice of meeting.

The company lodges its Appendix 4C - quarterly.

The company's EGM will be held at 1.00 pm (AEST) on 27 November 2020. The venue or other arrangements will be announced once finalised.

There was one material difference between the final annual report and the preliminary final report on 1 September 2020. The anticipated R&D tax incentive : for the Group increased by $118,000. Other income: 668,832 (annual report); 480,721 (preliminary final report); trade and other receivables: 386,477 (annual report); 198,284 (preliminary final report).

The company lodges its Annual Report to Shareholders 2020.

The company has received $278,640 in respect of its entitlement under the Research and Development Tax Incentive Program for the 2020 financial year.

The following unlisted options have now expired and are cancelled: 4,937,597 with an exercise price of $0.110 and an expiry date of 20/09/2020.

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

Leaf is relying on ASIC Relief to extend the lodgement date for its audited/reviewed accounts. Leaf will immediately make a further announcement to the market if there is a material difference between its unaudited/unreviewed accounts and its audited/reviewed accounts.

The company lodges its Appendix 4C - quarterly.

The company releases an Appendix 2A.

The securities of Leaf Resources Ltd will be suspended from quotation immediately, following receipt of an announcement regarding a transaction that could result in a change of its activities. LER's securities will remain suspended until it has either complied with Chapters 1 and 2 of the Listing Rules under Listing Rule 11.1.3, or provided ASX Limited with sufficient information to satisfy ASX that it should not exercise its discretion under Listing Rule 11.1.2 to require the transaction to be conditional on approval by LER's ordinary security holders, and under Listing Rule 11.1.3 to require LER to recomply with Chapters 1 and 2 of the Listing Rules.

The suspension of trading in the securities of Leaf Resources Limited will be lifted immediately following the release by the Company of an announcement regarding a capital raising.

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

The securities of Leaf Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a placement of shares.

The suspension of trading in the securities of Leaf Resources Limited will be lifted immediately, following receipt of an announcement regarding the placement of securities.

The company has raised approximately $2.5 million through a placement of approximately 17.24 million ordinary shares (and free attaching options) to sophisticated investors. Settlement of the placement is due on Wednesday 1 February 2017.

The securities of Leaf Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement regarding the placement of shares.

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

The company lodges its Appendix 4C - quarterly report.

The company has successfully raised $2.35 million, through a placement of 16.2 million ordinary shares to sophisticated investors.

The securities of Leaf Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement regarding a placement of shares.

name changed from Leaf Energy Limited