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POLARX LIMITED (PXX)

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

Former (or subsequent) names

 FROMTO
POLARX LIMITED21/09/2017
COVENTRY RESOURCES LIMITED.30/05/201621/09/2017
COVENTRY RESOURCES INC25/01/201330/05/2016
CRESCENT RESOURCES CORP25/01/2013

Shareholder links

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

 

REGISTRY:

Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000PXX5
Address: Unit 24-26, Level 3 22 Railway Road Subiaco, WA 6008
Tel:  +61 (08) 9226 1356Fax: +61 (08) 9226 2027

Date first listed: 21/12/2012
Company Secretary: Ian Cunningham
Sector: Materials Industry Group: XMJ
Activities: Gold exploration.

News & Events

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

25/07/2023

The company releases a notice of proposed issue of securities.

25/07/2023

PolarX has received commitments to raise $1.55M via a share placement at an issue price of 1.1 cents per share from new and existing holders including Northern Star Minerals Limited which will maintain its 10% holding in the Company. Following the placement, the Company will undertake a 1 for 6 non-renounceable rights issue to all eligible shareholders on the same terms to raise up to an additional $2.74M.

25/07/2023

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

21/07/2023

The suspension of trading in the securities of PolarX Limited will be lifted immediately following the release by PXX of an announcement regarding announcement regarding a capital raise.

26/10/2022

The company issues a prospectus for a renounceable pro rata entitlement offer to Eligible Shareholders of approximately 359,640,437 New Shares at an issue price of $0.008 per New Share on the basis of 2 New Shares for every 5 Existing Shares held to raise up to approximately $2.88 million before issue costs.

26/10/2022

2 for 5 renounceable rights issue being undertaken to raise up to $2.88 million at an issue price of 0.8 cents per Share. Discount of 11% to the last price of 0.9 cents and 24% to the 60-day VWAP of 1.1 cents. Shareholders can trade their rights and apply for additional shares via the Shortfall Offer. Rights to start trading from 31 October 2022. Funds to be used primarily for the upcoming drilling program at the Humboldt Range Gold Project in Nevada, USA.

26/10/2022

The securities of PolarX Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PXX, pending the release of an announcement regarding a capital raise.

25/10/2022

The suspension of trading in the securities of PolarX Limited will be lifted from the commencement of trading on Thursday, 16 December 2021, following the release by PXX of an announcement regarding a capital raising.

16/12/2021

The company releases a notice of proposed issue of securities.

16/12/2021

PolarX has received firm commitments to raise approximately $1.4M before costs at an issue price of 3.2 cents per share. Funds raised under the Share Placement will be used to advance the Company's projects in the USA, specifically to: undertake the initial drilling program at the Humboldt Range Project in Q1 2022; and complete initial technical studies on the Alaska Range Project (metallurgical test work and scoping study).

16/12/2021

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

15/12/2021

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

10/02/2021

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

10/02/2021

PolarX has received firm commitments to raise $5M before costs via a well-supported Share Placement at an issue price of 4 cents per share. The Share Placement closed within 24 hours of opening and was strongly supported by existing Australian and overseas shareholders. Funds raised under the Share Placement will be used to advance the Company's projects in the USA.

10/02/2021

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

08/02/2021

The suspension of trading in the securities of PolarX Limited will be lifted from the commencement of trading on Thursday, 18 June 2020, following the release by PXX of an announcement regarding a capital raising.

18/06/2020

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

18/06/2020

PolarX has received firm commitments for ~$3.76M via a share placement at 3.8c. The Company also intends to undertake a Share Purchase Plan to raise up to a further $1M at the same price. The funds will be used to undertake a ~3,000m drill program (15"20 shallow holes) at Zackly East, following up on the thick, high"grade gold and copper mineralisation intersected by drill holes ZX"18020 (55m @ 2.8g/t Au + 0.6% Cu) and ZX"18024 (47m @ 3.1g/t Au + 0.6% Cu) in the last field season. Zackly East Skarn is just 800m from the Zackly Main Skarn deposit, where PolarX has outlined an Inferred Resource containing 41,000t of copper, 213,000oz of gold and 1.5Moz silver from surface.

18/06/2020

The terms of the company's right t to acquire an 80% interest in the Caribou Dome property in Alaska USA, have been amended. The requirement for PolarX to incur minimum eligible expenditure on the property of US$2,000,000 in the three"year period ending 1 September 2020, has been extended to 1 September 2021.

18/06/2020

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

17/06/2020

The suspension of trading in the securities of PolarX Limited will be lifted immediately following the release by PXX of an announcement regarding its strategic relationship with Lundin Mining Corporation.

02/01/2020

Lundin Mining Corporation shall forgo its right to earn"in to the Stellar Claims within the Alaska Range Project. Accordingly, PolarX retains its 100% ownership of the entire Stellar Project. Lundin Mining remains PolarX's largest shareholder with 12.8% of the Company. The outstanding potential of the project has been highlighted by the recent discovery of porphyry copper"gold mineralisation at the Mars prospect and the presence of porphyry" related hydrothermal alteration at Saturn. PolarX has now initiated a process to secure an alternative source of earn"in funding for the Stellar porphyry targets. PolarX will continue to sole"fund its own programs for the high"grade Zackly and Caribou Dome deposits at Alaska Range. PolarX retains very strong institutional investor support, including major shareholders Lundin Mining, JP Morgan, US Global, Ruffer Gold Fund and Lowell Resources Fund.

02/01/2020

The securities of PolarX Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PXX, pending the release of an announcement regarding its strategic relationship with Lundin Mining Corporation.

30/12/2019

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

10/12/2018

The company has received offers to subscribe for approximately 21 million shares at an issue price of 6c per share to raise approximately $1.26 million. The Placement is being undertaken within the Company's existing capacity under ASX Listing Rule 7.1 and completion is expected on or around 14 December 2018. The proceeds will be used for metallurgical testing at the Alaska range.

10/12/2018

The Company advises that it has received firm indicative bids but needs to finalise settlement details with overseas participants and believes it is appropriate to remain in voluntary suspension until completion. The company requests that the voluntary suspension of its securities remain in place until the earlier of the release of an announcement or the commencement of trading on 10 December 2018.

07/12/2018

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

06/12/2018

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

10/05/2018

Approximately AUD $2.5m is being raised from the issue of ~24m new shares at a price of 10.5 cents per share. The raising was supported by existing major shareholders in London, Hong Kong and Singapore, and several new investors from New York, Singapore, Perth and London. The funds will be used to undertake a program of resource extension drilling at the Zackly Cu"Au" Ag skarn deposit in the Alaska Range Project. Drilling  is scheduled to commence in June.

10/05/2018

The company will remain in voluntary suspension pending completion of negotiations in relation to the capital raising. The announcement regarding this is anticipated to be made no later than pre-open on 10 May 2018.

09/05/2018

The company requests an extension of its voluntary suspension pending completion of negotiations in relation to the capital raising. The announcement regarding the capital raising is expected to be released no later than pre-open on 9 May 2018.

04/05/2018

The securities of PolarX 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 capital raising.

02/05/2018

name changed from Coventry Resources Limited

21/09/2017

 

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ASX, Legal & CGT Status

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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
    26/10/2022Jason Berton3,269,725$0.008$26,158
    13/05/2020Jason Berton1,000,000$0.015$15,000
    13/05/2020Frazer Tabeart1,000,000$0.015$15,000
    13/05/2020Mark Bojanjac1,000,000$0.015$15,000
    03/03/2020Frazer Tabeart389,227$0.052$20,045

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mark BojanjacExecutive Chairman16/01/2015
    Jason BertonManaging Director26/07/2017
    Ian CunninghamCFO19/05/2014
    Robert BoazIndependent Director23/01/2013
    Frazer TabeartNon Exec Director26/07/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Michael FowlerNon Exec Director16/02/201501/12/2017
    Michael HaynesPresident, Managing Director08/01/201314/12/2016
    Steven ChadwickPresident, CEO08/01/201319/05/2014
    Nick DayDirector, CFO26/04/201319/05/2014
    Anthony GoddardDirector08/01/201311/02/2014
    Don HallidayDirector06/01/200411/02/2014
    Eric EdwardsDirector16/10/200911/02/2014
    Doris MeyerCFO08/01/201329/04/2013
    Michael NaylorDirector08/01/201329/04/2013

    Date of first appointment, title may have changed.