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TIKFORCE LIMITED(TKF)

Former (or subsequent) names

 FROMTO
TIKFORCE LIMITED11/04/2016
PALACE RESOURCES LIMITED.16/09/201511/04/2016
TIKFORCE LTD28/08/201516/09/2015
PALACE RESOURCES LIMITED21/01/201328/08/2015
PADANG RESOURCES LIMITED06/12/201121/01/2013
PALACE RESOURCES LIMITED06/12/2011

Shareholder links

Our website ranking of TKF: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009

Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000TKF1
Address: 642 Newcastle Street, Leederville WA 6007
Tel:  08 6380 2555 Fax: 08 9381 1122

Date first listed: 15/12/2006
Company Secretary: Gianmarco Orgnoni
Sector: Energy Industry Group: XEJ
Activities: Exploration

News & Events

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OFX Transferring Money Internationally to Free

The company releases its Appendix 4G & Corporate Governance.

30/09/2020

The company lodges its Annual Report to shareholders.

30/09/2020

The company lodges its Preliminary Final Report.

31/08/2020

Shareholders in this company should 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, your accountant is probably the best person.

13/08/2020

The company lodges its Quarterly Cashflow Report.

24/07/2020

The company lodges its Quarterly activities report.

30/04/2020

The company lodges an Appendix 4C.

30/04/2020

The company has completed the issue of 973,500,000 Ordinary Fully Paid Shares and the issue of 885,000,000 unquoted options, exercisable at $0.03 and expiring 31 October 2020, upon receival of conversion notices. The company received shareholder approval on 14 April 2020. Resolution 2 and 3 in respect to convertible note conversions.

14/04/2020

The company releases an Appendix 2A.

14/04/2020

The company releases the Results of Meeting.

14/04/2020

The company's meeting will be held at 10:00 AM AWST on 14 April 2020 at Suite 1, GF 437 Roberts Road SUBIACO WA 6008.

13/03/2020

The company lodges its Half Yearly Report and Accounts.

27/02/2020

The company releases an Appendix 2A.

19/02/2020

The company has today completed the issue of 1,226,500,000 ordinary fully paid shares and the issue of 1,115,000,000 unquoted options, exercisable at $0.03 and expiring 31 October 2020, upon receival of conversion notices.

19/02/2020

The company lodges its Appendix 4C Quarterly.

31/01/2020

The company releases the results of its meeting.

28/11/2019

The company releases the results of its meeting.

20/11/2019

The company lodges its Appendix 4C Quarterly.

31/10/2019

The company's AGM will be held at 10AM AWST on 28 November 2019 at Suite 1, GF 437 Roberts Road SUBIACO WA 6008.

28/10/2019

The company's general meeting will be held at 10.00 AM AWST on 20 November 2019 at Suite 1, GF, 437 Roberts Road, Subiaco WA 6008.

21/10/2019

The company releases its Appendix 4G.

30/09/2019

The company lodges its Annual Report to shareholders.

30/09/2019

The company lodges its Preliminary Final Report & Appendix 4E.

02/09/2019

The company lodges its Appendix 4C Quarterly.

01/08/2019

All resolutions proposed at the general meeting were passed by a show of hands.

27/06/2019

The company releases a notice of general meeting. The meeting will be held at: 10.00am AWST on 27 June 2019 at Suite 1, Ground Floor, 437 Roberts Rd, Subiaco, WA 6008.

28/05/2019

The comany has received notice from the requisitioning shareholders to withdraw their request under Section 249D of the Corporations Act 2001 to call a general meeting of the company for hte purpose of appointing a director to the board and removing one director from the board. The general meeting which had been convened for 24 May 2019 will not proceed.

07/05/2019

The company lodges an Appendix 4C - Quarterly.

30/04/2019

The company releases a notice of general meeting. The meeting will be held at: AWST 10AM on 24 May 2019 at Suite 1, GF, 437 Roberts Road Subiaco WA 6008.

18/04/2019

The company issues a prospectus for the offer of 300,000 shares at an issue price of $0.001 per share to raise $300.

16/04/2019

The company has today completed a share placement to investors. The company will today lodge with ASX an Appendix 3B for the placement shares, and a prospectus with ASX and ASIC for the issue 33,454,908 Fully Paid Ordinary Shares at an issue price of $0.001 per Share to raise approximately $33,455.

16/04/2019

The company issues a response to ASX query.

03/04/2019

The company has received a request under Section 249D of the Corporations Act to call a general meeting of the company for the purpose of appointing a director and removing one director. The Requisitioning Shareholders hold in excess of 5% of the votes that may be cast at a general meeting. The company will be required to convene a meeting pursuant to the request and the Corporations Act within 21 days after the date on which the Request was received, and to convene the meeting within 2 months from the date of receipt.

01/04/2019

The company has executed deeds of variation of convertible note deeds for all convertible note holders that together hold fully secured convertible notes of $2M, which were due to expire on 30 March 219. The new terms have been agreed: maturity date of each convertible note is 30 March 2020; interest accrued up to 30 March 2019 of $85,383 shall be payable in cash on or before 30 June 2019; and from 31 March 2019, the company will pay an interest at a rate of 10% per annum, accuring on a monthly basis, payable at the maturity date by the issue of shares at a conversion price of $0.001 per share.

29/03/2019

The company has received a request under Section 249D of the Coporations Act 2001 to call a general meeting for the purpose of appointing a director to the board and removing one director from the board. The Requisitioning Shareholders hold in excess of 5% of the votes that may be cast at a general meeting. The company has reviewed the validity of the S249D notice and confirms that there are inconsistencies in the proposed resolutions and has deemed the notice invalid.

28/03/2019

The company releases ASX's decision on company matters. ASX requires TKF to seek fresh approval for the Transaction pursuant to listing rule 11.2 and provide full disclosure of the connections between former TKF management and Gambier Holdings Ltd and Credenxia Plc in the new notice of meeting. The New Notice of Meeting must also include a detailed and candid statement about the steps the board of TKF took, given those connections, to satisfy itself that the Transaction was entered on arm's length terms and at a fair and reasonable price. ASX considers it appropriate that TKF also seek approval from its shareholders under listing rule 11.4 for approval to the disposal of its major asset without an offer of the type referred to in rule 11.4.1(a) being made. Pursuant to listing rule 14.8, ASX will require that the votes on the listing rule 11.2 and 11.4 resolutions be scrutineered by TKF's auditor or another party acceptable to ASX. The securities of TKF will remain in suspension until the proposed resolutions regarding listing rule 11.2 and 11.4 are duly passed by shareholders.

22/03/2019

The company lodges its Half Year Accounts.

28/02/2019

The company lodges its Appendix 4D.

28/02/2019

Since the date of the shareholder meeting, a number of the convertible note holders have verbally advised the Company that they no longer wish to have their Convertible Notes converted. The Company has been in ongoing negotiation with the Convertible Note holders to have them convert in accordance with the terms of the Convertible Notes. Efforts have been unsucessful to date and the Company now advises that it has received notices of rescission of the convertible note conversions. The effect of these notices of rescission, is that the conversion notices previously provided by the Convertible Note holders have now been withdrawn, and the terms of the Convertible Notes remain on foot, as set out in the Company's announcement dated 16 March 2018. In particular, the maturity date of the Convertible Notes is 30 March 2019. The Company will continue to have discussions with all Convertible Note holders with the intention of facilitating conversion of the Convertible Notes into shares and options prior to the maturity date, to preserve the Company's cash reserves.

05/02/2019

The company lodges its Appendix 4C - quarterly.

31/01/2019

The company provides a copy of a letter received fom ASX regarding its request for submissions.

25/01/2019

The company releases the results of its meeting.

21/01/2019

The company confirms that the final consideration payment of $150,000 has been received in accordance with the commercial agreement for the sale of the Tikforce business to Gambier Holdings Ltd , in accordance with shareholder approval received on 2nd November.

09/01/2019

The company makes application to extend the current voluntary suspension of its securities. The suspension is to last until the Company releases an announcement, or the commencement of trading on Monday 14 January 2019.

04/01/2019

The Company makes the request pending further queries from the ASX, that the suspension is to last until the Company releases an announcement, or the commencement of trading on Monday 31 December 2018

24/12/2018

The Company makes application to extend the current Voluntary Suspension of its securities, effective immediately and in relation to Listing Rule 17.2

19/12/2018

The securities of Tikforce Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TKF pending the release of an announcement.

17/12/2018

The suspension of trading in the securities of Tikforce Limited will be lifted from the commencement of trading on Wednesday, 10 October 2018, following the release by TKF of an announcement.

09/10/2018

The company has completed the private placement of fully paid ordinary shares to raise $88,286.25. The Company also confirms that it has given a Notice of Termination to Gambier Holdings Limited in accordance with the terms of the licence agreement entered into with Gambier, and Tikforce Operations Pty Ltd. Following this notice, Gambier is entitled to extend the licence in perpetuity through a payment of $100,000 within 14 days of the notice and a further $250,000 within 3 months of the notice

09/10/2018

The company issues a prospectus for the offer of: 300,000 Shares at an issue price of $0.0034 per Share to raise $1,020.

02/10/2018

The company has received firm commitments for a private placement of fully paid ordinary shares to raise $88,286.25. There will be 7,579,927 Shares issued under Listing Rule 7.1 for a consideration of $25,771.75 and 18,386,618 Shares issued under Listing Rule 7.1A for a consideration of $62,514.50 Funds raised will be used for operational delivery of the platform and working capital.

02/10/2018

The company lodges its Annual Report to shareholders.

01/10/2018

The company releases an Appendix 4G.

01/10/2018

The company releases a notice of general meeting. The meeting will be held at 10:00am (WST) on Friday, 2 November 2018 at Suite A7, 435 Roberts Road, Subiaco, WA 6008.

28/09/2018

The company lodges its Preliminary Final Report.

03/09/2018

The Panel has declined to conduct proceedings on an application dated 14 August 2018 from EZR Systems Pty Ltd, Valplan Pty Ltd as trustee for the Troy R Valentine Fam S/F Account, Alignment Capital Pty Ltd, Cityside Investments Pty Ltd and Union Square Capital Pty Ltd on behalf of the Endeavour A/C in relation to the affairs of Tikforce Limited. The Panel considered, as a result of the actions of ASX and response by Tikforce, that the circumstances which the applicants submitted were unacceptable had been addressed. The applicants also submitted that there was no need for the application to proceed further. The Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances. Accordingly, the Panel declined to conduct proceedings.

29/08/2018

The company releases the results of its meeting.

20/08/2018

ASX has requested that prior to the shareholder meeting TKF release an announcement further updating the market on the licence agreement that will include additional disclosure of: TKF's knowledge of and due diligence into Gambier Holdings Ltd; and implications of the Licence agreement in view of the ASX letter to the company received on 17 August and released today. The company is aware of the group involved with Gambier Holdings Ltd and is satisfied that adequate due diligence has been completed to grant Gambier Holdings. The company has been fully briefed on the operational strategies of Gambier and comfortable with their ability to execute. The ASX considers the Licence Agreement is in effect a disposal of the company's main undertaking. TKF intends to issue a new notice of meeting which will include the additional disclosure on resolution 8 as requested by ASX in their letter.

20/08/2018

The company releases ASX's letter to TKF. In light of the Takeover Panel proceedings, ASX considers that Notice should have disclosed the identity of the convertible note holders and the relevant interest each holder will have in TKF securities following the conversion of their convertible notes, as well as the identity of the persons excluded from voting on the resolutions. ASX considers the Licence Agreement is in effect a disposal of TKF's main undertaking and requires shareholder approval under listing rule 11.2 before it can be completed. The Licence Agreement is also a change in the nature or scale of TKF's business operations in respect of which ASX will exercise its discretion to require shareholder approval under listing rule 11.1.2. Under listing rule 14.8, ASX requires TKF to appoint its auditor as scrutineer to decide the validity of votes cast at the Meeting and whether the votes that should have been disregarded were disregarded. This applies to both the listing rule resolutions and the other resolutions.

20/08/2018

Tikforce Limited has advised the Panel of action it proposes to take in response to a request from ASX, including withdrawing resolutions 8-11 from the matters to be considered at the general meeting today. In the light of that, the Panel considers that an interim order is not currently required.

20/08/2018

The company has signed a global software licence agreement with Gambier Holdings to licence the Intellectual Property rights owned by subsidiary Tikforce Operations.

16/08/2018

The Panel has received an application in relation to the affairs of Tikforce Limited from a group of shareholders1 who have requisitioned a general meeting of Tikforce. The general meeting of Tikforce has been called for 20 August 2018. One of the resolutions proposed by Tikforce to be considered at the meeting is for the approval of the issue of up to 706,335,386 shares and 706,335,386 options.The applicants seek an interim order restraining Tikforce from putting the proposed resolution to a vote at the general meeting, or alternatively, from issuing any shares as a consequence of the resolution being approved.

15/08/2018

The company requests for an extension of the voluntary suspension of its securities as it is currently in discussions with a significant multi-national company with respect to a potential licensing arrangement and sale of its main undertaking. The suspension is to last until the Company releases an announcement, or the commencement of trading on Tuesday 21 August 2018.

10/08/2018

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 company lodges its Appendix 4C - Quarterly.

31/07/2018

The securities of Tikforce 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 negotiations regarding a significant transaction.

23/07/2018

The suspension of trading in the securities of Tikforce Limited will be lifted immediately, following the release by the Company of an announcement on the conversion of convertible notes.

10/07/2018

The company has received notices to convert all the $2m Convertible Notes issued by the Company as per the terms announced to ASX on 16 March 2018.

10/07/2018

The company requests an extension of its voluntary suspension pending the release of an announcement on the conversion of convertible notes. The suspension is to last until the Company releases an announcement, or the commencement of trading on Friday 13 July 2018.

06/07/2018

The company has received a request under Section 203D(2) of the Corporations Act 2001 for the purpose of removing Mr Andrew Houtas from the Board, and appointing Mr Stuart Usher to the Board in response to a requisition under S249D of the Corporations Act from Alignment Capital Pty Ltd, Cityside Investments Pty Ltd, EZR Systems Pty Ltd, Unuin Square Capital Pty Ltd and Valplan Pty Ltd dated 22 June 2018. The request was made by Mr Kevin Baum, a current Director of the Company. Mr Stuart Usher is also the TikForce Company Secretary. The Company will be required to convene a general meeting of shareholders pursuant to the Request within 21 days after the date on which the Request was received, and to convene the Meeting within 2 months from the date of receipt.

03/07/2018

The securities of Tikforce 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 the conversion of convertible notes.

02/07/2018

The suspension of trading in the securities of Tikforce Limited will be lifted immediately, following the release by the Company of an announcement regarding an updated of statutory demands.

25/05/2018

The company provides an update as to the ongoing or current status of the commercial agreements, memorandums of understanding, partnership agreements and heads of agreements.

25/05/2018

The company has settled the statutory demands for the amount of $354,000 plus it has settled on a further $42,000 received from Frederick Hainsworth of $24,000 and $18,000 from Andrew Johnson. The company has received a further six (6) "˜Creditor Statutory Demands' for Payment of Debt totalling $240,000 being for the Principal Sum and Interest owed under an unsecured convertible note issued by the Company to related parties of Alignment pursuant to a Convertible Note Deed between the parties dated 10 November 2017. The notes are currently not due for repayment until 30 June 2018. The Company will review and assess the validity of these claims and will respond within the statutory 21 day period.

25/05/2018

East Star UK has not completed the $400,000 placement. The mandated placement price was to be at AUD$0.02. The Company and East Star UK along with Regency Corporate continue to work closely with each other in seeking opportunities in the UK and EU markets.

25/05/2018

The securities of Tikforce 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 an update on the statutory demand.

14/05/2018

The suspension of trading in the securities of Tikforce Limited will be lifted from the commencement of trading on Wednesday, 9 May 2018, following the release by the Company of a response to an ASX query and retraction announcement.

08/05/2018

Tikforce retracts, without any admission of liability, all statements contained in the following announcements in respect of the number of Potential Jobseekers and the Potential Revenue associated with the Jobseeker Platform: 1. announcement of 3 April 2017 titled "Tikforce commences commercial volumes for job seekers"; 2. announcement of 27 July 2017 titled "Tikforce Jobseeker Support Platform progress"; and 3. announcement of 3 August 2017 titled "Tikforce Operations Progress update".

08/05/2018

The company issues a response to ASX Query Letter.

08/05/2018

The company lodges an Appendix 4C - quarterly.

30/04/2018

Legal proceedings have been commenced against Tikforce Limited in the Supreme Court of Western Australia. The Plaintiff, Alignment Capital Pty Ltd is alleging a breach by Tikforce Ltd of a Mandate Agreement between those parties dated 19 October 2017 and varied on 17 November 2017.

17/04/2018

The Company's securities will continue to remain suspended in accordance with Listing Rule 17.3 for failure to respond to an ASX query. The suspension will continue until the Company provides a satisfactory response to ASX's query.

11/04/2018

The company has now received the Tranche 1 funding of $1.2M in cash via a convertible note issue from sophisticated and professional investors, in accordance with a mandate with Regency Corporate. $0.8M has been made available to the company to draw down as and when required.

11/04/2018

The company requests an extension of the suspension of its securities pending an announcement confirming receipt of $1.2M in funds to be rasied under the Regency Mandate. The suspension is to last until the company lodges an announcement to the ASX, expected to be no later than 5 April 2018.

03/04/2018

The following securities will be released from escrow: on 12 April 2018 - 40,806,522 Fully paid ordinary shares; on 12 April 2018 - 20,450,000 Unlisted options expiring on 31 May 2018 exercisable at $0.11 each; and on 12 April 2018 - 41,000,000 Performance Shares.

29/03/2018

The following securities will be released from escrow: 40,806,522 Fully paid ordinary shares on 12 April 2018; and 20,450,000 Unlisted options expiring on 31 May 2018 exercisable at $0.11 each, with an escrow period expiry of 12 April 2018.

29/03/2018

The company requests an extension of the suspension of its securities pending an announcement confirming receipt of $1.2M in funds to be rasied under the Regency Mandate. The suspension is to last until the Company lodges an announcement to the ASX, expected to be no later than Friday, 30 March 2018.

23/03/2018

The company issues a response to ASX query.

23/03/2018

The company received various correspondence from convertible holders in relation to the alleged breaches of the convertible notes. The CN holders represent $455,000 ($546,000 inclusive of interest) of the total $750,000 ($900,000 inclusive of interest) of notes on issue.

23/03/2018

The securities of Tikforce Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

20/03/2018

The suspension of trading in the securities of Tikforce Limited will be lifted immediately following receipt of an announcement.

16/03/2018

The company issues a response to ASX Appendix 4C query.

16/03/2018

The company has entered into a mandate with Regency Corporate for the purpose of raising capital for the company. Pursuant to the terms of the mandate, Regency Corporate will arrange funding for TikForce through the issue of a fully secured Convertible Note of up to $2M, on a best endeavour basis.

16/03/2018

The securities of Tikforce Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

16/03/2018

name changed from Palace Resources Limited

11/04/2016

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    26/02/2018Kevin Baum212,500$0.017$3,595

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Kevin BaumManaging Director, CEO01/10/2015
    Gianmarco OrgnoniNon Exec Director03/12/2018
    Simon InglesonNon Exec Director25/05/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Stuart UsherDirector20/08/201825/05/2020
    Duncan AndersonChairman18/04/201703/12/2018
    Andrew HoutasNon Exec Director28/11/201720/08/2018
    Roland BerzinsNon Exec Director04/10/200528/11/2017
    Ian MurieChairman13/04/201103/07/2017
    Peter WoodsNon Exec Chairman11/07/201218/04/2017
    Guy Le PageNon Exec Director07/08/200910/03/2015
    Anthony ShortDirector09/09/200311/07/2012
    John JordanNon Exec Director23/12/201118/06/2012
    Nicholas ClarkManaging Director18/08/201123/12/2011

    Date of first appointment, title may have changed.