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ASX, Legal & CGT Status

Former (or subsequent) names

MHM METALS LIMITED06/12/201011/12/2017

Shareholder links

Our website ranking of VYS: rating 4
(4 out of 5)



Automic Group
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000VYS1
Address: Level 1, 640 Murray St, West Perth WA 6005
Tel:  (08) 9486 7244Fax: (08) 9463 6373

Date first listed: 14/12/2007

Sector: Materials Industry Group: XMJ
Activities: Drilling services

News & Events

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The suspension of trading in the securities of Vysarn Limited will be lifted from the commencement of trading tomorrow, Wednesday, 11 September 2019, following VYS's re-compliance with Chapters 1 and 2 of the Listing Rules.


The company announces details of a share sale facility for holders of less than a marketable parcel of the company's shares. Of the company's 1,134 shareholders, approximately 227 hold less than marketable parcels, representing approximately 669,288 shares or 0.22% of all issued shares. A less than marketable parcel of company shares will be any registered shareholding of 9,260 shares or less on the record date. The record date for the purposes of establishing holders of less than marketable parcels has been set 7:00pm (Sydney time) on 9 September 2019. The compny is providing the facility to holders of less than marketable parcels to sell their shares without inclurring any costs that could otherwise make a sale of their shares uneconomic. The sale price will be equal to $0.054 being the issue price of company shares under the company's recent capital raising completed in August 2019. Each shareholder who does not elect to retain their shareholding will have their shares sold through the facility on or around 1 November 2019.


The securities of Vysarn Limited are expected to be reinstated to Official Quotation at the commencement of trading at 10:09 am AEST (+/- 15 seconds) as part of Group 5 on Wednesday, 11 September 2019, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. VYS raised $7,000,000 pursuant to the offer under its prospectus dated 11 July 2019, (as varied by its supplementary prospectuses dated 26 July 2019, 14 August 2019 and 19 August 2019) by the issue of 129,629,630 shares at an issue price of $0.054 per share.


Acquisition of Ausdrill waterwell assets complete. Vysarn set to be reinstated to Official Quotation on ASX.


Public Offer closed oversubscribed and issue of shares to raise the full subscription of $7 million now complete. All conditions to draw down of the $8.8 million Westpac Debt Facility have been satisfied. Acquisition of Pentium complete, and completion of acquisition of Ausdrill waterwell drilling assets expected later this week. ASX conditional relisting letter has been received.


The company lodges its Financial Report 30 June 2019.


ASX has granted a waiver from Listing Rule 14.7 to enable the company to issue the securities approved at the meeting later than one month after the meeting.


The company issues a second supplementary prospectus.


The company lodges its Quarterly Activities and Cashflow report.


The company releases an Investor Presentation.


The company issues a supplementary prospectus intended to be read with the 11 July 2019 prospectus in relation to the offers of securities in the company.


The company releases its Securities Trading Policy.


ASX has extended the Company's de-listing deadline to the commencement of trading on 11 October 2019. The extension was granted on the basis that the Company is in the final stages of completing a transaction under which it will acquire all of the issued shares in Pentium Hydro Pty Ltd and the Company and Pentium will together acquire various waterwell drilling assets and associated inventory from Ausdrill Northwest Pty Ltd (a wholly owned subsidiary of Ausdrill Limited. Should the Company's securities not be reinstated to quotation by the commencement of trading on 11 October 2019, ASX will immediately remove the Company from the official list from the open of trading on that day and no further extension will be granted.


The company issues a prospectus.


The company enters into an A$8.8 million debt facility with Westpac Banking Corporation. The debt facility is a significant step towards completion of the acquisition of the Ausdrill assets and the reinstatement of the Company's securities to the Official List of ASX. Shareholders voted overwhelming in favour of the transaction at the General Meeting of the Company held on 5 July 2019.


The company releases its new constitution.


The company releases the results of its general meeting.


A general meeting of the Company will be held at Pitcher Partners Perth, Level 11 12-14 The Esplanade, Perth, Western Australia on Friday, 5 July 2019 at 9:00am (WST).


The company lodges its Quarterly Activities and Cash Flow Report.


Vysarn Limited has entered into a binding asset sale agreement with Ausdrill to acquire waterwell drilling assets and inventory currently used by Ausdrill to conduct its hydrogeological drilling business for $16 million. The Company will appoint a proven Board and management team with significant operational and technical skills in developing and operating drilling operations in Australia and internationally. The Company intends to conduct a capital raising of approximately $5 million and relist on the ASX with a portfolio of high-quality drilling assets located in Australia.


Ausdrill has entered into a binding agreement with Pentium Hydro and Vysarn to sell the Company's hydrogeological drilling assets which historically operated as "Connector Drilling" for cash consideration of $16 million. The Asset Sale Agreement includes various waterwell drilling assets and associated inventory currently used by Ausdrill's waterwell business. Completion of the Asset Sale Agreement is subject to the satisfaction of various conditions precedent, including ASX and Purchaser shareholder approval, and the Purchaser obtaining finance to satisfy the purchase price under the agreement.


The company lodges its Half Yearly Report and Accounts.


The company lodges its Quarterly Activities and Cash Flow Report.


The company releases the results of its AGM.


The company lodges its Quarterly Activities Report.


The company lodges its Quarterly Cashflow Report.


The company releases a notice of AGM. The 2018 Annual General Meeting of the Company will be held at the offices of the Company at 108 Outram Street, West Perth, Western Australia on Tuesday, 27 November 2018 at 10.30 am (WST).


The company releases an Appendix 4G.


The company lodges its Annual Report to shareholders.


The company provides a shareholder update. The Board is of the view that it has done everything possible to minimise the administrative costs of running the Company. The Company's corporate advisor Otsana Capital has assisted in the preparation of the Company's tax returns and submission of a Research & Development claim that resulted in an approximate $400,000 refund to the Company. The long-term suspension of the company and the deadline for its automatic delisting provide some urgency to the board's thinking. However, given the provisions of Chapters 1 & 2 effectively require the Company to re-apply for Page 2 of 2 admission to the Official List, the Board does not consider it paramount to find a suitable transaction for the Company prior to this date.


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.


The company lodges its Quarterly Activities and Cashflow Report.


The company lodges its Quarterly Activities and Cashflow Report.


The company lodges its Half Year Accounts.


The company lodges its Quarterly Activities and Cashflow Report.


name changed from MHM Metals Limited



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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

    27/03/2023Peter Hutchinson101,003$0.090$9,120
    28/09/2022Peter Hutchinson117,520$0.075$8,843
    27/09/2022Peter Hutchinson101,003$0.090$9,120
    14/09/2022Peter Hutchinson1,881,477$0.075$141,576
    27/05/2022Sheldon Burt100,000$0.081$8,120

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Peter HutchinsonChairman27/10/2017
    James ClementManaging Director, CEO28/03/2020
    Andrew ChandlerCOO02/11/2020
    Matthew PowerCFO, Company Secretary01/01/2022
    Sheldon BurtExecutive Director15/05/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Jason ThielCFO14/12/201201/01/2022
    Chris BrophyNon Exec Director15/05/201928/01/2021
    Faldi IsmailNon Exec Director20/12/201629/08/2019
    Nicholas YoungDirector20/12/201629/08/2019
    Bryn HardcastleNon Exec Director20/12/201627/10/2017
    Joseph van den ElsenChairman, CEO10/12/201420/12/2016
    Paul HarleyNon Exec Director02/12/201620/12/2016
    Francis DeSouzaNon Exec Director07/12/201620/12/2016
    Paul KopejtkaChairman23/03/201502/12/2016
    Chris GoodmanNon Exec Director05/05/201502/12/2016
    Matthew KeenManaging Director, CEO10/09/201331/07/2015
    Iain KirkwoodChairman15/02/201323/03/2015
    David MenziesDirector19/12/201328/02/2015
    Lyn BrazilDirector10/10/201206/06/2014
    Philip ThickNon Exec Director24/05/201219/12/2013
    Robert McAlisterCEO02/04/201310/09/2013
    Paul LappinChairman10/10/201215/02/2013
    Richard RybakCFO30/11/201014/12/2012
    Basil ContiNon Exec Chairman18/04/200710/10/2012
    Benjamin MeadExecutive Director01/03/200710/10/2012
    Simon WellsExecutive Director01/04/201110/10/2012
    Frank RogersExecutive Director18/04/200708/08/2012
    Neil AllenNon Exec Director01/03/200705/06/2012

    Date of first appointment, title may have changed.