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LEAF RESOURCES LTD (LER)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
FORESTA GROUP HOLDING LIMITED11/08/2023
LEAF RESOURCES LTD04/09/201411/08/2023
LEAF ENERGY LIMITED26/11/201004/09/2014
AQUACAROTENE LIMITED26/11/2010

Shareholder links

Our website ranking of LER: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services Brisbane
Level 21, 10 Eagle Street Brisbane QLD 4000
Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000LER6
Address: Unit 10 / 12 Kelly Court Landsborough QLD 4550
Tel:  +61(7) 3188 9040Fax: +61(7) 3147 8001

Date first listed: 05/01/1999
Company Secretary: Mark Licciardo
Sector: Materials Industry Group: XMJ
Activities: Research, development and commercialisation of plant based technologies and products for the biofuel, industrial and medical research markets

News & Events

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name changed to Foresta Group Holding Limited

11/08/2023

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.

20/07/2022

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

20/07/2022

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.

19/07/2022

The company releases an Investor Presentation July 2022.

19/07/2022

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.

19/07/2022

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.

19/07/2022

The company releases a notice of proposed issue of securities.

13/07/2022

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.

13/07/2022

The company releases a notification of cessation of securities.

12/07/2022

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.

20/06/2022

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.

31/05/2022

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.

13/05/2022

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

29/04/2022

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.

29/04/2022

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.

05/04/2022

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.

17/03/2022

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

28/02/2022

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.

31/01/2022

The company releases a notification of cessation of securities.

24/12/2021

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.

15/12/2021

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.

15/12/2021

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.

14/12/2021

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.

01/12/2021

The company releases the results of its AGM.

01/12/2021

The company releases its Chairman's AGM Address.

30/11/2021

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.

17/11/2021

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.

15/07/2021

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

15/07/2021

The company releases an Investor Presentation July 2021.

15/07/2021

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.

15/07/2021

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.

14/07/2021

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

21/12/2020

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.

21/12/2020

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.

21/12/2020

The company releases the results of its meeting.

15/12/2020

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.

15/12/2020

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.

10/12/2020

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.

30/11/2020

The company releases the results of its meeting.

27/11/2020

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

27/11/2020

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

26/11/2020

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.

24/11/2020

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.

17/11/2020

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.

17/11/2020

The company lodges its September 2020 Quarterly Update.

11/11/2020

The company releases an Appendix 4G.

09/11/2020

The company releases an Appendix 2A.

09/11/2020

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

30/10/2020

The company lodges its Appendix 4C - quarterly.

30/10/2020

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.

29/10/2020

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).

26/10/2020

The company lodges its Annual Report to Shareholders 2020.

26/10/2020

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

26/10/2020

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.

13/10/2020

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

22/09/2020

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.

31/08/2020

The company lodges its Appendix 4C - quarterly.

31/07/2020

The company releases an Appendix 2A.

24/07/2020

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.

16/07/2020

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.

06/08/2018

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.

06/08/2018

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.

03/08/2018

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.

24/01/2017

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.

24/01/2017

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.

23/01/2017

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.

01/11/2016

The company lodges its Appendix 4C - quarterly report.

01/11/2016

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

01/11/2016

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.

31/10/2016

name changed from Leaf Energy Limited

04/09/2014

 

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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
    03/08/2022Doug Rathbone2,000,000$0.028$55,502
    28/10/2019Alex Baker-56,958$0.032$1,823
    07/05/2018Doug Rathbone500,000$0.076$38,200
    02/05/2017Matthew Morgan29,710$0.115$3,420
    04/03/2016Charles Wilson138,431$0.120$15,950

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Henry ChengChairman06/04/2023
    Doug RathboneNon Exec Chairman03/11/2016
    Kenneth RichardsExecutive Director03/08/2011
    Ray MountfortExecutive Director23/12/2020
    Terrence GrayExecutive Director23/12/2020
    Maurice FabianiDirector06/04/2023

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Tim PritchardCFO12/12/201701/07/2021
    Alex BakerManaging Director, CEO01/02/201823/12/2020
    Matthew MorganIndependent Director21/07/201423/12/2020
    Bill BaumNon Exec Director08/05/201723/12/2020
    Jason LowryCOO19/03/201818/09/2018
    Jay HetzelChairman01/08/201131/03/2018
    Helen PennisiCFO01/03/201512/12/2017
    Charles WilsonIndependent Director11/08/201001/11/2016
    Melvyn BridgesExecutive Chairman11/03/201112/09/2012

    Date of first appointment, title may have changed.