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CONTINENTAL COAL LIMITED (ASX.CCC)

ASX Announcements (courtesy of ASX)

20092010201120122013201420152016

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names
CompanyFROMTO
CONTINENTAL COAL LIMITED23/07/2009
CONTINENTAL CAPITAL LIMITED14/11/200723/07/2009
CONTINENTAL GOLDFIELDS LIMITED02/07/199614/11/2007
AQUA VITAL AUSTRALIA LIMITED25/11/199302/07/1996
INTERLOK LIMITED25/11/1993
Shareholder links
Our website ranking of CCC: 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
Address: Suite 5, 531 Hay Street Subiaco WA 6008
Tel:  (08) 9489 4837 Fax: (08) 9380 8300

Date first listed: 10/07/1985

Sector: Energy
Industry Group: XEJ
Activities: Investigating and procuring viable mining operations and investing

Ashley Paul D'Sylva of Leederville, Western Australia pleaded guilty in the Stirling Gardens Magistrates Court to one charge of recklessly failing to exercise his powers for a proper purpose while a company director of former ASX-listed company, Continental Coal Limited (in Liquidation). An ASIC Investigation found that between about 21 and 25 February 2014, Dr D'Sylva arranged the repayment of $915,000 to Celtic Capital Pty Ltd, a client of his business, Empire Equity Limited. Celtic Capital had paid $1 million to Continental Coal as part of a company restructure. The funds could only be used for paying trade creditors of Continental Coal, undertaking a rights issue and paying approved company expenses. Dr D'Sylva was aware of Continental Coal's financial difficulties and the agreements restricting the use of the funds paid by Celtic Capital when he instructed and authorised company secretary, Ms Jane Flegg, to make the repayments to Celtic Capital.

21/12/2022

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.

17/08/2022

following an ASIC Investigation, former directors of ASX-listed Continental Coal Limited (in Liquidation), Peter Neil Landau and Dr Ashley Paul D'Sylva, and company secretary, Jane Rosemary Flegg, have each been charged with breaching their duties as officers of the company. ASIC alleges that: On two occasions in February 2014, Mr Landau, Dr D'Sylva, and Ms Flegg used their positions dishonestly by authorising the transfer of a total of $915,000 to Celtic Capital Pty Ltd from Continental Coal's account; and On a further 11 occasions between March and October 2014, Mr Landau and Ms Flegg used their positions dishonestly by authorising the transfer of a total of $2,132,000 to Mr Landau's private company, OKAP Ventures Pty Ltd from Continental Coal's account. Mr Landau and Ms Flegg have also been charged with four counts of giving false information to the ASX and two counts of lodging a false document with ASIC.

28/08/2020

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2016/17

22/06/2017

delisted from the close of trading on Monday, 29 August 2016 pursuant to Listing rule 17.15.

29/08/2016

we understand the company failed and was delisted because it did not pay its annual ASX listing fee

29/08/2016

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 22 August 2016 will have its securities suspended from official quotation before the commencement of trading on Tuesday 23 August 2016. The company has not paid its annual listing fees in respect of the year ending 30 June 2017 but the securities are already suspended from official quotation.

23/08/2016

the Federal Court in Perth has made asset preservation orders, by consent, against Ms Jane Rosemary Flegg, a Western Australia-based company secretary of ASX-listed company Continental Coal Limited (now in liquidation). ASIC obtained these orders in connection with its ongoing investigation into matters including the use of investors' subscription moneys at a time when they were required by law to be held in trust. ASIC sought orders pending the outcome of its investigation, with the aim of preserving the interests of investors.

22/07/2016

Following a successful application made by ASIC, the Federal Court of Australia (the Federal Court) has made orders winding up publicly-listed company, Continental Coal Limited (CCC), on just and equitable grounds and appointing Mr Robert Kirman, McGrathNicol, as official liquidator of CCC. In its application, ASIC alleged that CCC is not being properly managed and that the company has been involved in multiple contraventions of the corporations legislation, including: a failure to comply with its continuous disclosure obligations; a failure to lodge its audited accounts and convene its annual general meeting; a failure to appoint a second Australian resident director; a failure to hold application monies received under a Rights Issue on trust; and insolvency. ASIC made the application to protect the interests of shareholders, investors and creditors.

27/05/2016

Continental Coal Limited ("Continental" or "the Company") provides its report for the quarter ended 30 September 2015.

02/11/2015

The company provides a response to the ASX Query.

03/09/2015

The company lodges its Preliminary Final Report For the year ended 30 June 2015.

01/09/2015

Continental Coal Limited (ASX:CCC) ("CCC" or the "Company") notes a winding up application listed on the ASIC website. The matters were resolved and withdrawn prior to the relevant hearing. The company is finalising a comprehensive update on all key matters for release next week.

28/08/2015

Continental Coal Limited ("Continental" or "the Company") provides its operations report for the quarter ended 30 June 2015.

03/08/2015

The Company has been advised by the Business Rescue Practitioners administering Continental Coal South Africa, that they have conditionally sold two of the Company's projects Vlakvarkfontein and Penumbra. Continental has received legal advice that the conditional sale is potentially voidable and will consider legal action given its position with regards to other sale / refinancing alternatives including receipt of a USD$55m bank guarantee as security to refinance its current 74% interest in Continental Coal South Africa.

07/07/2015

The company advises that the release of a comprehensive announcement in respect of a material acquisition and financing is expected on or before Monday 22 June 2015.

17/06/2015

The securities of Continental Coal Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: CCC

11/06/2015

The suspension of trading in the securities of Continental Coal Limited will be lifted immediately following the release of a corporate update announcement regarding Ivory Mint. ASX Code: CCC

25/02/2015

the Board of Continental Coal Limited (ASX:CCC)("Continental" or "the Company") advised shareholders that subsequent to the completion of the Rights Issue it had accepted an offer with offers from a consortium headed by LSP Energy (Pty) Ltd to acquire its 74% interest in South African subsidiary Continental Coal Limited SA ("CCL SA"). The Company is pleased to advise that as part of the formal due diligence, timetable and finalisation process, it has agreed to revised terms with a new purchaser consortium headed by Ivory Mint Holdings Corp

09/01/2015

issues a Supplementary Prospectus

27/11/2014

subsequent to the completion of the Rights Issue (see ASX announcement dated 30 September 2014) it had been presented with offers from third parties interested in acquiring its 74% interest in South African subsidiary Continental Coal Limited SA ("CCL SA"). The Company is please to advise that it has accepted one of the offers and is proceeding to sell its 74% interest on the certain key terms and conditions

03/11/2014

the AGM will be held at 2.00pm (WST) on 27 November 2014 at: The University Club of Western Australia Seminar Room 2 Hackett Drive, Crawley, Western Australia

29/10/2014

The board of Continental Coal Limited (ASX:CCC; AIM:COOL)("Continental" or "the Company") refers to its corporate update announcement dated 10 October advising that it has been presented with offers from third parties interested in acquiring its 74% interest in its South African subsidiary Continental Coal Limited SA - The Board is finalising legal advice with regards to a scenario whereby an accepted offer is announced and Shareholders are then offered the opportunity to have their funds returned from the Rights Issue, remain in a new raising by way of a supplementary prospectus or participate in the new raising

15/10/2014

releases Annual Financial Report for the Year Ended 30 June 2014

01/10/2014

it is confirmed that the following resolutions put to the General Meeting of Continental Coal Limited, held on 24 September 2014, were passed on a show of hands: Resolution 1: Approval of Entitlement Issue Resolution 2: Approval for Issue of Investor Shares and Options Resolution 3: Ratification of Prior Issue "“ Shares and Options

24/09/2014

Prospectus Despatched to Shareholders today

09/09/2014

sends a letter to shareholders and optionholders with respect to the company's non-renounceable entitlement issue to raise approximately A$35.1m by way of the issue of up to 7,035,234,408 new shares. Shareholders will be entitled to acquire 9 new shares for every 1 existing CCC share held at the record date (being 4 September), at an offer price of A$0.005 per new share

29/08/2014

a meeting of the Shareholders will be held at 2.00pm (WST) on 24 September 2014 at: The University Club of Western Australia 35 Stirling Highway CRAWLEY WA 6009

26/08/2014

company advises of a non-renounceable pro-rata rights issue to raise circa A$35.1m at an offer price of A$0.005 per new share ("Offer") "¢ The Offer will be fully underwritten with an underwriting agreement to be executed prior to lodgement of a prospectus in respect of the Offer ("Prospectus") "¢ The Offer has received strong support from institutional and sophisticated investors in Australia, Europe and South Africa as well as a number of commodity trading groups and specialist coal mining investment funds

06/08/2014

The Company advises that it has issued 40 million ordinary fully paid shares in the capital of the Company ("Securities") as per the Appendix 3B lodged with the ASX today. The Company advises that the Securities were issued without disclosure to investors under Part 6D.2 of the Act

30/06/2014

The securities of Continental Coal Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: CCC CCCO

08/01/2014

we understand that on or about this date the company consolidated its shares 1 for 10

26/08/2011

securities reinstated to quotation

19/10/2010

the securities will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company

18/10/2010

the suspension of trading in the securities of Continental Coal Limited (the "Company") will be lifted immediately, following release of the Company's announcement concerning an aquisition

04/08/2010

releases Quarterly Activities Report

02/08/2010

the securities will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company

29/07/2010

securities reinstated to quotationContinental Coal Limited (ASX: CCC; AIM: COOL) ("the Company") requests the continuation of the voluntary suspension of its securities as the Company is still finalising its efforts to complete a recapitalisation of the Company that will allow it to settle its Convertible Notes that mature from November 2013 to February 2014 as well as other creditors.

19/04/2010

provides an update on its recent corporate, operational and funding activities and the status of its voluntary suspension - the voluntary suspension from quotation to continue until such time as it is in a position to make a formal announcement in relation to the finalisation of the off-take and funding discussions for the Vlakplaats Coal Mine. This is expected to occur on or before 9 April 2010

31/03/2010

the securities of Continental Coal Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement

08/03/2010

name changed from Continental Capital Limited

23/07/2009
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any money from shareholder class action

 

01/09/2017 10:55:29

McGrathNicol have issued Liquidators declaration - see 22/06/2017 in News & Events above for a copy

14/07/2017 15:29:15

How do I get further information about Continental coal?

 

29/03/2017 11:48:50

How could  I get further detail information of the co. todate

26/09/2016 15:47:53
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    22/11/2013Don TurveyOn market GBP1,000,000$0.011$10,810
    17/09/2013Don TurveyOn market1,514,900$0.020$31,033
    09/08/2013Jason BrewerOn market100,000$0.037$3,700
    28/06/2013Jason BrewerOn market100,000$0.035$3,500
    16/05/2013Jason BrewerOn market50,000$0.046$2,300

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Johan HeystekCOO01/11/2010
    Lars SchernikauNon Exec Director13/02/2014
    Peter LandauExecutive Director10/12/2002
    Bruce ButheleziDirector14/10/2014
    Jane FleggCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Paul D'SylvaExecutive Chairman13/02/201431/12/2015
    Connie MolusiNon Exec Director27/02/201214/10/2014
    Mike KilbrideNon Exec Chairman23/02/201213/02/2014
    Don TurveyCEO09/03/201113/02/2014
    Lou van VuurenCFO02/09/201313/02/2014
    Johan BloemsmaNon Exec Director02/03/201213/02/2014
    Ron ChamberlainNon Exec Director04/10/201313/02/2014
    Bernard SwanepoelNon Exec Director14/05/201313/02/2014
    Jason BrewerNon Exec Director16/12/200915/11/2013
    James LeahyNon Exec Director27/05/201131/07/2013
    Andrew MacaulayExecutive Chairman21/05/200928/11/2012
    Maritz SmithExecutive Director, CFO01/06/201231/10/2012
    Mzwandile ButheleziManaging Director21/05/200919/09/2011
    Manuel LamboleyNon Exec Director01/08/200727/05/2011
    Richard NapierNon Exec Director29/11/200621/05/2009
    Kim MasseyAlternate Director19/10/200721/11/2007
    Charles MostertManaging Director14/03/200501/08/2007
    Charles ChezellesChairman, Independent Director14/03/200529/11/2006
    Anthony KingAlternate Director26/11/200416/03/2006
    John StrattonExecutive Chairman31/08/199314/03/2005
    Hendrik BuitendagNon Exec Director06/10/199714/03/2005

    Date of first appointment, title may have changed.