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MITHRIL RESOURCES LIMITED (MTH)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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

 

REGISTRY:

Computershare Adelaide
Level 5, 115 Grenfell Street, Adelaide SA 5000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MTH3
Address: Vistra Melbourne Level 4, 100 Albert Road South Melbourne, VIC 3205 Australia
Tel:  +61 3 9692 7222Fax: +61 3 9077 9233

Date first listed: 18/11/2002
Company Secretary: Claire Newstead-Sinclair
Sector: Materials Industry Group: XMJ
Activities: Discovery and development of nickel copper sulphide deposits in Australia

News & Events

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The company lodges its Quarterly Activities Report and Appendix 5B.

31/01/2024

The company releases a notification regarding unquoted securities.

02/01/2024

Completion of $700,000 convertible note raise (before costs) from sophisticated and professional investors. Proceeds of this raise to be used as working capital and to continue exploration work at Copalquin.

02/01/2024

The Company continues to assess its financial position and a strategic review including all options regarding recapitalisation of the Company and securing of operational funding which is critical to the Company's on-going financial viability.

07/12/2023

The securities of Mithril Resources Limited were suspended from quotation at MTH's request under Listing Rule 17.2 on Friday, 17 November 2023 pending release of information regarding a then proposed scheme of arrangement with Newrange Gold. The suspension of MTH's securities from quotation was extended at MTH's request on Tuesday, 21 November 2023 pending release of information regarding the outcome of a strategic review including all options regarding recapitalisation of MTH and securing of operational funding which MTH disclosed is critical to its on-going financial viability. The securities of MTH will now continue to be suspended from quotation under Listing Rule 17.3.1 until MTH has demonstrated compliance with Listing Rule 12.2 to ASX's satisfaction.

07/12/2023

The voluntary suspension is necessary to enable the Company to continue to assess its financial position and a strategic review including all options regarding recapitalisation of the Company and securing of operational funding which is critical to the Company's on-going financial viability. In the Company's opinion, the commencement of trading of its securities pending the outcome of the strategic review would risk the market trading on an uninformed basis, particularly having regard to the outcome of the recapitalisation process. In this circumstance, continued trading is likely to be materially prejudicial on the Company's ability to secure additional funding together with achieving a recapitalisation. The Company anticipates that the voluntary suspension remains in place until the earlier of the commencement of normal trading on Thursday, 7 December 2023 or when the anticipated announcement is released to the market.

05/12/2023

On Monday, 20 November 2023, Newrange informed Mithril that it had not been able to raise the necessary funds to satisfy the Concurrent Financing condition prior to the Second Court Hearing. Accordingly, after extensive good faith discussions, Mithril and Newrange have mutually agreed to terminate the Deed, with effect from 21 November 2023. No break fee is payable by either party in these circumstances. The Directors of Mithril consider that termination of the Deed is in the best interests of Mithril Shareholders and Optionholders so as to allow Mithril to consider alternate strategic opportunities. Mithril Securityholders do not need to take any further action in respect of the Schemes. The Board will need to assess the potential impact of this termination on the operations of the Company and as such will undertake an immediate strategic review. The Company has requested an extension to the existing suspension to undertake this review together with assessing the financial position of the Company. The suspension has been requested for a period of 2 weeks to 5 December 2023.

21/11/2023

The securities of Mithril Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MTH, pending the release of an announcement regarding the scheme of arrangement with Newrange Gold.

17/11/2023

we understand that on or about this date the company consolidated its shares 1 for 10

24/11/2017

listed entity carried for record purposes only

01/07/2004

 

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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
    17/03/2023Stephen Layton40,000,000$0.002$80,000
    14/10/2022John Skeet400,000$0.006$2,250
    24/05/2022Stephen Layton5,500,000$0.006$33,000
    19/05/2022John Skeet2,500,000$0.007$17,250
    07/10/2021Stephen Layton5,221,139$0.014$73,498

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Craig SharpeNon Exec Chairman02/01/2024
    John SkeetManaging Director, CEO09/06/2020
    Stephen LaytonNon Exec Director15/05/2019
    Garry ThomasNon Exec Director15/06/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Dudley LeitchNon Exec Director09/06/202007/07/2021
    Adrien WingNon Exec Director15/05/201915/02/2021
    David HuttonManaging Director, CEO18/06/201231/05/2020
    Graham AscoughNon Exec Chairman09/10/200615/05/2019
    Donald StephensNon Exec Director26/04/200215/05/2019
    Richard BonythonNon Exec Director26/04/200231/12/2014
    Derek CarterNon Exec Director26/04/200231/12/2014
    John RobertsNon Exec Chairman08/05/200229/11/2012

    Date of first appointment, title may have changed.