PEARL GLOBAL LIMITED (PG1)

name changed to Entyr Limited

Peter Neil Landau, of Claremont, Western Australia, pleads guilty in the Stirling Gardens Magistrates Court to nine charges following ASIC's investigations into former ASX-listed companies, Citation Resources Limited (Citation) and Continental Coal Limited (in liquidation). Mr Landau, the former director of Citation and Continental Coal, has pleaded guilty and will be sentenced in the Supreme Court of Western Australia on 31 January 2023 to: - five counts of stealing as a director. Between June 2015 and February 2016, he stole approximately $2.2 million of applicant funds from a Citation bank account. Mr Landau did this without the knowledge of Citation's other directors and went on to use the funds for his own benefit, the benefit of other related entities and to repay Continental Coal investors; - one count of forging and uttering a bank statement that falsely showed $675,658 in a Citation bank account when there was only $117.55 in the account; - one count of providing false documents to ASIC stating Continental Coal had received $2.6m from investors when they had only received approximately $57,000; and - one count of authorising the giving of false or misleading information to the ASX, where Continental Coal failed to disclose its only income-generating asset had gone into administration and another statement that said assets had been sold, when they had not. Mr Landau also pleaded guilty to one count of failing to hold applicant money on trust after he transferred $1,032,000 from a Continental Coal trust into other various bank accounts prior to securities being issued or the money being returned to the applicants. Mr Landau will be sentenced to this charge in the Magistrates Court on 7 February 2023.

The suspension of trading in the securities of Pearl Global Limited will be lifted immediately, following the release by PG1 of an announcement regarding a capital raising.

The company releases a notification of Proposed issue of Securities - PG1.

The company will raise up to $2.16 million. Funds raised to be used for expansion of Stapylton facility.

The securities of Pearl Global Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PG1, pending the release of an announcement regarding a capital raising.

The securities of Pearl Global Limited will be reinstated to Official Quotation from the commencement of trading on Friday, 16 February 2018, following the Company's re"compliance with Chapters 1 and 2 of the ASX Listing Rules pursuant to Listing Rule 11.1.3.

The terms of the DOCA have been met and the DOCA was effectuated on 14 February 2018. Day to day management and control of the company has reverted to its board of directors.

The company lodges its Quarterly Cashflow Report.

name changed from Citation Resources Ltd