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at the General Meeting of shareholders held on 17 June 2010, the first resolution (to
approve the issue of shares to YA) failed. Accordingly, the other resolutions were
not put to the meeting, given their dependence upon the passing of the first
mentioned resolution.
One of the consequences of the resolutions not being passed is that one of the
conditions precedent under the deed of company arrangement for CMR proposed by
YA (YA Global DOCA) has failed. Therefore, unless YA proposes a variation to the
YA Global DOCA and that variation is approved by the creditors of CMR, CMR will
fall into liquidation on 6 July 2010
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22/06/2010
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an extraordinary general meeting of Shareholders of the
Company is to be held as follows:
Venue: The North Shore Room, Mantra Hotel, 10 Brown Street,
Chatswood, Sydney NSW, 2067
Time: 9.30 a.m. (AEST)
Date: 17 June 2010 - Shareholders are being asked to approve a Proposal to recapitalise the Company,
pursuant to which YA Global and Coffee House will convert their existing debt to
equity. The consequence of this conversion will be the dilution of existing
Shareholders’ interest in the Company to approximately five percent (5%) of the
Company’s equity following implementation of the Proposal
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14/05/2010
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the CMR Deed Administrators have exercised the discretion bestowed
upon them to extend YA Global’s exclusivity period for 80 days, taking same to 25 June
2010
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09/04/2010
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CMR was granted relief in respect to reporting obligations in relation
to the following financial years and half-years:
1. The financial year ended 31 December 2009; and
2. Each financial year, and each half-year, ending after 1 January 2010, and
before the earlier of:
a. 2 years from the date of the execution of the Deed of Company
Arrangement; and
b. the termination of the Deed of Company Arrangement
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09/04/2010
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Thomson Resources advises of the signing of four Joint Ventures (JVs) with
Raptor Minerals Limited ACN 101 168 343 (“Raptor”) (a subsidiary of Compass Resources
Limited ACN 010 536 820) over a number of projects within the Thomson Fold
Belt of northern NSW
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03/03/2010
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major CMR creditor, YA Global proposes a variation to the DOCA and this is
accepted by CMR creditors
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06/01/2010
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deed administrator releases minutes of a creditors meeting held on 30 April 2009
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15/06/2009
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Keiran Hutchison, Philip Campbell-Wilson and Chris Munday of Ernst & Young are appointed receivers and managers
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17/02/2009
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the administrators respond to ASX queries regarding events surrounding the appointment of the administrators
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17/02/2009
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the securities of Compass Resources Limited (the "Company") will be suspended from
quotation immediately following the appointment of joint and several voluntary
administrators (Messrs Steven John
Sherman, Darren Gordon Weaver and Martin Bruce Jones of Ferrier Hodgson)
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29/01/2009
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name changed from Compass Resources NL
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11/08/2008
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