SPECIAL NOTICE
We are working on upgrading our websites and despite our best endeavours have experienced census type calamities for almost a week now. Our apologies, we hope to have all problems resolved by Monday August 15th.
SEARCH LISTED COMPANY
Any AUS or NZ company
SEARCH PRIVATE COMPANY
SEARCH FUNDS
Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
|
|
29 January 2021
Name: | MCB RESOURCES LIMITED (MCB) | |||||||||
ISIN: | AU0000077794 | |||||||||
Date of Listing: | 07 June 2007 | |||||||||
Former Names: |
|
Stock Exchange Status: (updated daily)
This entity is currently suspended from quotation on the Australian Securities Exchange and its securities cannot be traded on-market.Legal Status: (updated monthly)
ACN: 118 758 946ABN: 30 118 758 946
Registration Date: 13 March 2006
Capital Gains Tax (CGT) Status: (updated at least quarterly)
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
FROM | TO | |
MCB RESOURCES LIMITED | 07/02/2020 | |
KALIA LIMITED | 21/09/2017 | 07/02/2020 |
GB ENERGY LIMITED | 21/09/2017 |
Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009
Tel : +61 8 9389 8033Expand this box to read and print
Shareholders in this company may 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, in this case your accountant is probably the best person. | 22/01/2021 |
MCB Resources and Tygola are unable to extend the 30 September 2020 repayment term in accordance with the loan agreements unless and until the Borrower seeks and obtains the approval of its shareholders under ASX Listing Rule 10.1 at a general meeting. The Borrower intends to convene a General Meeting as soon as possible, but no later than 28 February 2021. The Lender has provided comfort to the Borrower that it will not take action to enforce its first ranking security until such time as the General Meeting has been held, or 28 February 2021, whichever is the sooner. The company has fully drawn down Facilities 1, 2 and 3, and a portion of Facility 4 for a total of $7.94 million, leaving a total of $2.56 million available under Facilities 4 and 5. | 22/12/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcements regarding the status of its exploration licences in Bougainville and its recapitalisation strategy, or prior to the commencement of trading on Monday 1 March 2021. | 22/12/2020 |
The company releases its Replacement Constitution. | 30/11/2020 |
The company releases the results of its meeting. | 30/11/2020 |
The company will hold its AGM at 9:00 am (WST) on 30 November 2020 at Steinepreis Paganin Lawyers and Consultants Level 4, The Read Buildings, 16 Milligan Street, Perth WA 6000. | 30/10/2020 |
The company lodges its Quarterly Activities and Cashflow Report. | 15/10/2020 |
The company lodges its Annual Report 2020. | 30/09/2020 |
The company releases its Appendix 4G and Corporate Governance Statement. | 30/09/2020 |
On 29 September 2020, the Borrower (being MCB Resources) and the Lender (being Tygola) have agreed in principle to a further loan of $1.5 million, a loan extension and repayment schedule whereby the full loan amounts will convert to equity over a prescribed timeframe as part of the Company's recapitalisation strategy. MCB Resources and Tygola are working in good faith to resolve a clear path forward, to define the terms of conversion, and to finalise detailed documentation. The parties are unable to extend the 30 September 2020 repayment term in accordance with the loan agreements unless and until the Borrower seeks and obtains the approval of its shareholders under ASX Listing Rule 10.1 at a general meeting. The Borrower intends to convene a General Meeting as soon as possible, but no later than 31 December 2020. The Lender has provided comfort to the Borrower that it will not take action to enforce its first ranking security until such time as the General Meeting has been held, or 31 December 2020, whichever is the sooner. | 30/09/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding teh sttaus of its exploration licences in Bougainville and its recapitalisation strategy, or prior to the commencement of trading on Friday 1 January 2021. | 30/09/2020 |
The company lodges its Quarterly Activities and Cashflow Report. | 30/07/2020 |
Tygola has agreed to continue to support the company by providing the company with an extension of its loan facilities through to 30 September 2020. | 25/06/2020 |
The Company requests that the voluntary suspension extend until the earlier of the release of the announcement on the status of the Company's exploration licences in Bougainville, or prior to the commencement of trading on Thursday 1 October 2020. | 15/06/2020 |
The company releases an Investor update presentation. | 05/06/2020 |
The voluntary suspension is requested pending an announcement by the Company regarding the status of its exploration licences in Bougainville. The Company requests that the voluntary suspension extend until the earlier of the release of the announcement, or prior to the commencement of trading on Monday 15 June 2020. | 30/04/2020 |
The company lodges its Quarterly Activities and Cashflow Report. | 22/04/2020 |
Short Wavelength Infrared has defined strong phyllic alteration assemblages spatially associated with previously mapped intrusive phases and broad copper mineralisation at Melilup. Chlorite temperature proximators (FeOH 2250nm wavelength position) vector in towards diorite intrusives, a conspicuous NW-SE striking fault and silicic alteration mapped by company geologists. Chlorite 2250 nm wavelength position adjacent and within Batu Hijau pit shell typically between 2243 and 2250nm (Melilup on periphery of shorter wavelength). Potassic white mica (phyllic alteration) associated with dioritic phases located within a NW-structural corridor (arc-parallel) and equally in a NE-SW direction (arc-normal) toward Fathom Target 1 indicates similar broad structural setting to Panguna Copper Mine (at the intersection of arc parallel and arc normal structures, see SEG paper by Agnew, 2018), ~100km to the south. Alunite float sample obtained on eastern limb of Eric's River indicates advanced argillic alteration characteristic of the upper portions of porphyry related systems, where high temperature low ph conditions dominate alteration fluids. Assay results for surface geochemical samples collected in Dec 2019 have been reported previously, and are consistent with the alteration profile suggested by the SWIR study. | 16/04/2020 |
Recent rock chip sampling results from Melilup have defined an open-ended NWtrending copper anomaly with minimum dimensions of 800m x 50m. 13% of the assays returned copper values greater than 500ppm Cu, with 3% reporting above 1000ppm Cu (including a peak value of 2135ppm Cu). "“ Spectral analysis of rock chips to define vectors toward mineralisation is in progress. Planning is underway for additional rock chip sampling, mapping, ground geophysics and soil survey work to define drill targets. | 06/04/2020 |
The company releases an Appendix 2A. | 02/04/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding the status of the company's exploration licences in Bougainville, or prior to the commencement of trading on Thursday 30 April 2020. | 01/04/2020 |
The company releases a notice of Proposed issue of Securities - MCB. | 25/03/2020 |
The company has reached agreement to settle claims by former director Mr Terry Larkan in connection with his employment. Pursuant to the terms of the settlement, Mr Larkan is entitled to a payment of $29,893 in cash and is to be issued 550,000 ordinary shares by 3 April 2020. The shares will be subject to voluntary escrow for a period of twelve months from the date of issue. | 25/03/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding the status of its exploration licenses in Bougainville, or prior to the commencement of trading on Wednesday 1 April 2020. | 09/03/2020 |
The company lodges its Half Yearly Report and Accounts. | 28/02/2020 |
Tygola has agreed to continue to support the company by providing the company with an extension of its loan facilities through to 30 June 2020. Save for Tygola having the option of converting $1 million of "Facility 2" at $0.40 per ordinary share, all loans are payable in cash and bear an interest rate of 10% per annum and attract a facility fee of 5%. The company has fully drawn down "Facilities 1, 2 & 3", for $6.0 million, leaving a total of $3.0 million available under "Facility 4", with all loans due and payable on 30 June 2020. This funding and support will allow the company to pursue its previously announced recapitalisation strategy. | 17/02/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding the status of its exploration licences in Bougainville or prior to the commencement of trading on Monday 9 March 2020. | 17/02/2020 |
name changed from Kalia Limited | 07/02/2020 |
Shareholders in this company may 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, in this case your accountant is probably the best person. | 22/01/2021 |
MCB Resources and Tygola are unable to extend the 30 September 2020 repayment term in accordance with the loan agreements unless and until the Borrower seeks and obtains the approval of its shareholders under ASX Listing Rule 10.1 at a general meeting. The Borrower intends to convene a General Meeting as soon as possible, but no later than 28 February 2021. The Lender has provided comfort to the Borrower that it will not take action to enforce its first ranking security until such time as the General Meeting has been held, or 28 February 2021, whichever is the sooner. The company has fully drawn down Facilities 1, 2 and 3, and a portion of Facility 4 for a total of $7.94 million, leaving a total of $2.56 million available under Facilities 4 and 5. | 22/12/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcements regarding the status of its exploration licences in Bougainville and its recapitalisation strategy, or prior to the commencement of trading on Monday 1 March 2021. | 22/12/2020 |
The company releases its Replacement Constitution. | 30/11/2020 |
The company releases the results of its meeting. | 30/11/2020 |
The company will hold its AGM at 9:00 am (WST) on 30 November 2020 at Steinepreis Paganin Lawyers and Consultants Level 4, The Read Buildings, 16 Milligan Street, Perth WA 6000. | 30/10/2020 |
The company lodges its Quarterly Activities and Cashflow Report. | 15/10/2020 |
The company lodges its Annual Report 2020. | 30/09/2020 |
The company releases its Appendix 4G and Corporate Governance Statement. | 30/09/2020 |
On 29 September 2020, the Borrower (being MCB Resources) and the Lender (being Tygola) have agreed in principle to a further loan of $1.5 million, a loan extension and repayment schedule whereby the full loan amounts will convert to equity over a prescribed timeframe as part of the Company's recapitalisation strategy. MCB Resources and Tygola are working in good faith to resolve a clear path forward, to define the terms of conversion, and to finalise detailed documentation. The parties are unable to extend the 30 September 2020 repayment term in accordance with the loan agreements unless and until the Borrower seeks and obtains the approval of its shareholders under ASX Listing Rule 10.1 at a general meeting. The Borrower intends to convene a General Meeting as soon as possible, but no later than 31 December 2020. The Lender has provided comfort to the Borrower that it will not take action to enforce its first ranking security until such time as the General Meeting has been held, or 31 December 2020, whichever is the sooner. | 30/09/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding teh sttaus of its exploration licences in Bougainville and its recapitalisation strategy, or prior to the commencement of trading on Friday 1 January 2021. | 30/09/2020 |
The company lodges its Quarterly Activities and Cashflow Report. | 30/07/2020 |
Tygola has agreed to continue to support the company by providing the company with an extension of its loan facilities through to 30 September 2020. | 25/06/2020 |
The Company requests that the voluntary suspension extend until the earlier of the release of the announcement on the status of the Company's exploration licences in Bougainville, or prior to the commencement of trading on Thursday 1 October 2020. | 15/06/2020 |
The company releases an Investor update presentation. | 05/06/2020 |
The voluntary suspension is requested pending an announcement by the Company regarding the status of its exploration licences in Bougainville. The Company requests that the voluntary suspension extend until the earlier of the release of the announcement, or prior to the commencement of trading on Monday 15 June 2020. | 30/04/2020 |
The company lodges its Quarterly Activities and Cashflow Report. | 22/04/2020 |
Short Wavelength Infrared has defined strong phyllic alteration assemblages spatially associated with previously mapped intrusive phases and broad copper mineralisation at Melilup. Chlorite temperature proximators (FeOH 2250nm wavelength position) vector in towards diorite intrusives, a conspicuous NW-SE striking fault and silicic alteration mapped by company geologists. Chlorite 2250 nm wavelength position adjacent and within Batu Hijau pit shell typically between 2243 and 2250nm (Melilup on periphery of shorter wavelength). Potassic white mica (phyllic alteration) associated with dioritic phases located within a NW-structural corridor (arc-parallel) and equally in a NE-SW direction (arc-normal) toward Fathom Target 1 indicates similar broad structural setting to Panguna Copper Mine (at the intersection of arc parallel and arc normal structures, see SEG paper by Agnew, 2018), ~100km to the south. Alunite float sample obtained on eastern limb of Eric's River indicates advanced argillic alteration characteristic of the upper portions of porphyry related systems, where high temperature low ph conditions dominate alteration fluids. Assay results for surface geochemical samples collected in Dec 2019 have been reported previously, and are consistent with the alteration profile suggested by the SWIR study. | 16/04/2020 |
Recent rock chip sampling results from Melilup have defined an open-ended NWtrending copper anomaly with minimum dimensions of 800m x 50m. 13% of the assays returned copper values greater than 500ppm Cu, with 3% reporting above 1000ppm Cu (including a peak value of 2135ppm Cu). "“ Spectral analysis of rock chips to define vectors toward mineralisation is in progress. Planning is underway for additional rock chip sampling, mapping, ground geophysics and soil survey work to define drill targets. | 06/04/2020 |
The company releases an Appendix 2A. | 02/04/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding the status of the company's exploration licences in Bougainville, or prior to the commencement of trading on Thursday 30 April 2020. | 01/04/2020 |
The company releases a notice of Proposed issue of Securities - MCB. | 25/03/2020 |
The company has reached agreement to settle claims by former director Mr Terry Larkan in connection with his employment. Pursuant to the terms of the settlement, Mr Larkan is entitled to a payment of $29,893 in cash and is to be issued 550,000 ordinary shares by 3 April 2020. The shares will be subject to voluntary escrow for a period of twelve months from the date of issue. | 25/03/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding the status of its exploration licenses in Bougainville, or prior to the commencement of trading on Wednesday 1 April 2020. | 09/03/2020 |
The company lodges its Half Yearly Report and Accounts. | 28/02/2020 |
Tygola has agreed to continue to support the company by providing the company with an extension of its loan facilities through to 30 June 2020. Save for Tygola having the option of converting $1 million of "Facility 2" at $0.40 per ordinary share, all loans are payable in cash and bear an interest rate of 10% per annum and attract a facility fee of 5%. The company has fully drawn down "Facilities 1, 2 & 3", for $6.0 million, leaving a total of $3.0 million available under "Facility 4", with all loans due and payable on 30 June 2020. This funding and support will allow the company to pursue its previously announced recapitalisation strategy. | 17/02/2020 |
The company requests that the voluntary suspension extend until the earlier of the release of the announcement regarding the status of its exploration licences in Bougainville or prior to the commencement of trading on Monday 9 March 2020. | 17/02/2020 |
name changed from Kalia Limited | 07/02/2020 |
Your browser may reflect a date of printing in American format.
DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
---|---|---|---|---|
02/09/2016 | Graeme Kirke | 1,371,000 | $0.004 | $5,484 |
14/06/2016 | Graeme Kirke | 6,442,510 | $0.005 | $29,151 |
25/05/2016 | Graeme Kirke | 16,529,900 | $0.005 | $83,059 |
25/05/2016 | David Detata | 2,980,000 | $0.005 | $15,120 |
25/01/2016 | Graeme Kirke | 3,478,350 | $0.004 | $13,939 |
NAME | TITLE | DATE OF APPT |
---|---|---|
Anna MacKintosh | COO | 27/02/2009 |
Phillip Hartog | CFO | 29/03/2018 |
Sean O'Brien | Non Exec Director | 11/05/2018 |
Jonathan Reynolds | Non Exec Director | 22/07/2019 |
Mike Johnston | Executive Director | 22/07/2019 |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
David Johnston | Chairman | 18/09/2017 | 21/12/2020 |
Terry Larkan | Managing Director | 28/09/2017 | 09/08/2019 |
Peter Batten | Technical Director | 09/01/2018 | 05/08/2019 |
Nick Burn | Executive Director | 10/10/2016 | 09/01/2018 |
David Detata | Non Exec Director | 22/04/2016 | 26/10/2017 |
Stuart Rechner | Chairman | 20/11/2013 | 28/09/2017 |
Graeme Kirke | Executive Director | 25/07/2011 | 10/10/2016 |
Patrick Glovac | Non Exec Director | 01/10/2014 | 22/04/2016 |
Gordon Hart | Executive Director | 04/08/2010 | 30/09/2014 |
Russell Barnett | Non Exec Chairman | 21/10/2009 | 07/08/2014 |
Date of first appointment, title may have changed.
Contact Us | Financial Services Guide
This website is owned and operated by Investogain Pty Limited.
ABN 88 129 443 447 | AFSL 334036
Information provided is of a general nature and not for trading or advice.
Copyright © 2002-2021 Investogain Pty Limited. All rights reserved.