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10 December 2024
Name: | ALBIDON LIMITED (ALB) |
Date of Listing: | 26 March 2004 |
Date of Delisting: | 14 June 2013 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 14 June 2013.Legal Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. We have not therefore verified the current legal status of this entity. If you have questions about your shareholding, as we say elsewhere, they may be taken up here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. You will need to seek independent tax advice in relation to Capital Gains Tax or other tax matters but any other enquiries relating to your shareholding in the company should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
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
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delisted following the completion of the Company's merger with Jin Tuo Investment Limited. | 14/06/2013 |
we understand Jin Tuo paid as consideration the sum of US$0.0025 per share - the Merger Consideration was paid in Australian dollars (AUD$0.002552) for Australian domiciled shareholders and in US dollars (USD) for all other shareholders | 14/06/2013 |
we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - Jin Tuo Investment Limited proposes to acquire 100% of the Company - this corporate event may appear elsewhere in this company record | 16/05/2013 |
releases Chairman's Address to Shareholders | 15/05/2013 |
releases Annual Report to shareholders | 18/04/2013 |
a general meeting of shareholders of Albidon Limited ("the Company") is to be held on 15 May 2013 at 10.00am (WST). The meeting will be held at Suite 1501-1507, Alexandra House, 18 Chater Road, Central, Hong Kong - under the terms of a Merger Jinchuan NewCo will pay US$0.0025 per share ("Merger Considerationy") to all shareholders other than Jinchuan Group, the Company's largest shareholder which holds 49.93% of the issued capital of the Company. Following the Merger, the Company shares will no longer be listed on the Australian Securities Exchange ("ASX") whilst Jinchuan NewCo will be struck off the Register of Companies in the British Virgin Islands | 15/04/2013 |
The Company advises that the following unlisted options have not been exercised in accordance with their exercise conditions and therefore have automatically lapsed: ASX Code Number of Options Exercise Price Expiry Date ALB 10,000,000 $0.09 30 November 2012 | 31/01/2013 |
releases Quarterly Activities Report | 20/11/2012 |
there has been a subsidence event at the Munali mine site | 12/11/2012 |
provides a report of a material resource downgrade | 08/11/2012 |
company explains at long last why there are delays in determining the economic status of the Munali ore body | 12/10/2012 |
company says it continues to seek to reach a transaction agreement | 20/02/2012 |
the Board of Albidon Limited ("Albidon")(ASX: ALB) today announced it is in discussions with a third party pertaining to a potential transaction with Albidon. On the basis of these discussions, Albidon has granted the third party exclusivity to facilitate the conduct of a due diligence process and, subject to a suitable agreement being reached, complete definitive documentation for the potential transaction. The details of the discussions and the identity of the third party are subject to normal confidentiality obligations at this time. There is no guarantee that the discussions will lead to a potential transaction | 22/12/2011 |
company provides an update on developments since its announcement of 10 th November that operations at the Munali nickel mine were being temporarily suspended - during the past week the Chairman of Albidon Limited, Zhang Sanlin and Acting Managing Director Harry Ou Wang visited Munali mine and met with government and community officials. The Chairman announced the formation of a Munali site Leadership Group comprising of managers from all departments at Munali. This Leadership Group will be led by Matthew Banda, Mining Manager, who will serve as its Executive Director. The Leadership Group replaces the Chinese management team previously on secondment from Jinchuan Group, all of whom are currently returning to China | 28/11/2011 |
Albidon Limited ("Albidon" or the "Company") (ASX: ALB) after consultation with the Zambian mining authorities and in accordance with the Mines Act, today announced it has approved the temporary suspension of operations at its Munali nickel mine in Zambia. With the decline of global nickel prices by approximately 23% over the past four months and the less-than-budgeted nickel recoveries at Munali, as previously announced by Albidon, the Company has experienced serious cash flow difficulties | 10/11/2011 |
company provides an update and an outlook that acknowledges that "significant challenges have emerged to the long-term viability of the company | 01/11/2011 |
company says it intends to reorganise and restructure existing finance facilities to reduce debt and align payments with revised life of mine plan | 03/10/2011 |
during investigations being conducted as part of the Riverstone-led strategic review, it has come to light that metallurgical recoveries reported in the June 2011 Quarterly Activity Report and preceding three Quarterly reports were incorrect - the actual metallurgical recovery results are materially lower than those disclosed - the overstatement of recoveries and metal production does not impact the cash flows previously reported to the market in the four previous Quarterly Reports as those results were based on actual amounts received in relation to provisional sales invoices | 09/09/2011 |
the securities of Albidon Limited (the "Company") will be suspended from quotation from the commencement of trading on Thursday, 1 September 2011, at the request of the Company, pending the release of an announcement | 31/08/2011 |
securities reinstated to quotation | 14/10/2010 |
we understand that on or about this date the company had a share issue - we estimated the dilutionary impact at 10 cents a share | 11/10/2010 |
the Deed of Company Arrangement ("DOCA") of Albidon has now been fully effected and the appointment of KPMG as Administrator has come to an end | 11/10/2010 |
expects to recommence trading on ASX on Thursday 14 October subject to final approval by ASX and completion of the Deed of Company Arrangement ("DOCA"). This date has been set two days subsequent to the Company's 2010 AGM to ensure any issues raised at the AGM can be addressed prior to recommencement of trading | 24/09/2010 |
the Annual General Meeting of the Shareholders of Albidon Limited ("Company") will be convened at Perth Convention Exhibition Centre, Room 9, 21 Mounts Bay Road, Perth, Western Australia on Tuesday, 12 October 2010 commencing at 2.00pm WST | 22/09/2010 |
releases various financial reports | 22/09/2010 |
appointment of KPMG, as joint and several Administrators of Albidon continued during the quarter - The auditors at Ernst & Young are continuing to work on the audit of the Company's financial reports and the Company will seek relisting on the ASX as soon as audit and other listing requirements are completed | 08/09/2010 |
releases Quarterly Activities Report | 01/02/2010 |
African Energy has been exploring mineral tenements in Zambia that are subject to an exploration cooperation agreement with Albidon (ASX:ALB). Under the terms of this agreement, African Energy may earn a 30% interest in the project by sole funding at least AUD $1.0 million exploration and an additional 40% interest (totalling 70%) may be earned through the sole funding of a Prefeasibility Study on a JORC compliant Indicated Resource identified within the project. African Energy has recently completed its initial AUD $1.0m sole funding milestone in respect of the Kariba Valley JV Project, and has thereby earned an initial 30% Joint Venture interest. | 09/12/2009 |
Assay results for the recently completed reverse circulation drill programme at the Njame South uranium deposit have been received | 25/11/2009 |
an initial Inferred Resource estimate has been completed for the Njame South deposit within the Chirundu Joint Venture, Zambia | 18/11/2009 |
releases various Quarterly Activities and Cashflow Reports | 11/11/2009 |
in respect of the transaction to restructure and recapitalise the Albidon group - company confirms that on 4 November 2009, settlement of the Transaction took place - control of the company and its operations revert to the company's board of directors | 09/11/2009 |
infill soil sampling has been completed at the Namakande prospect, located in the Kariba Valley Joint Venture. The sampling has confirmed a further three significant uranium anomalies, Target Areas D, E and F, which increase the cumulative strike length at Namakande to in excess of 20km | 04/11/2009 |
directors of African Energy Resources Limited announce that a programme of reverse circulation (RC) percussion drilling has been completed at the Njame South prospect, located within the Chirundu Joint Venture project in southern Zambia | 20/10/2009 |
a Large Scale Mining Licence for the development of the Chirundu Joint Venture Uranium Project has been approved by the Zambian Ministry of Mines and Minerals Development | 15/10/2009 |
Infill soil sampling has confirmed three significant uranium anomalies within the Namakande prospect, located in the Kariba Valley Joint Venture | 30/09/2009 |
company advises of unforeseen delays in meeting DOCA conditions | 11/09/2009 |
creditors voted unanimously to approve the Deed of Company Arrangement ("DOCA") proposal of Jinchuan Group Limited | 18/06/2009 |
announce the appointment of Messrs Mel Ashton and Damian Templeton, Chartered Accountants, of KPMG, as joint and several Administrators of Albidon | 23/04/2009 |
securities suspended from quotation pending an announcement | 26/03/2009 |
securities reinstated to quotation | 26/11/2008 |
securities suspended from quotation pending an announcement | 21/11/2008 |
delisted following the completion of the Company's merger with Jin Tuo Investment Limited. | 14/06/2013 |
we understand Jin Tuo paid as consideration the sum of US$0.0025 per share - the Merger Consideration was paid in Australian dollars (AUD$0.002552) for Australian domiciled shareholders and in US dollars (USD) for all other shareholders | 14/06/2013 |
we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - Jin Tuo Investment Limited proposes to acquire 100% of the Company - this corporate event may appear elsewhere in this company record | 16/05/2013 |
releases Chairman's Address to Shareholders | 15/05/2013 |
releases Annual Report to shareholders | 18/04/2013 |
a general meeting of shareholders of Albidon Limited ("the Company") is to be held on 15 May 2013 at 10.00am (WST). The meeting will be held at Suite 1501-1507, Alexandra House, 18 Chater Road, Central, Hong Kong - under the terms of a Merger Jinchuan NewCo will pay US$0.0025 per share ("Merger Considerationy") to all shareholders other than Jinchuan Group, the Company's largest shareholder which holds 49.93% of the issued capital of the Company. Following the Merger, the Company shares will no longer be listed on the Australian Securities Exchange ("ASX") whilst Jinchuan NewCo will be struck off the Register of Companies in the British Virgin Islands | 15/04/2013 |
The Company advises that the following unlisted options have not been exercised in accordance with their exercise conditions and therefore have automatically lapsed: ASX Code Number of Options Exercise Price Expiry Date ALB 10,000,000 $0.09 30 November 2012 | 31/01/2013 |
releases Quarterly Activities Report | 20/11/2012 |
there has been a subsidence event at the Munali mine site | 12/11/2012 |
provides a report of a material resource downgrade | 08/11/2012 |
company explains at long last why there are delays in determining the economic status of the Munali ore body | 12/10/2012 |
company says it continues to seek to reach a transaction agreement | 20/02/2012 |
the Board of Albidon Limited ("Albidon")(ASX: ALB) today announced it is in discussions with a third party pertaining to a potential transaction with Albidon. On the basis of these discussions, Albidon has granted the third party exclusivity to facilitate the conduct of a due diligence process and, subject to a suitable agreement being reached, complete definitive documentation for the potential transaction. The details of the discussions and the identity of the third party are subject to normal confidentiality obligations at this time. There is no guarantee that the discussions will lead to a potential transaction | 22/12/2011 |
company provides an update on developments since its announcement of 10 th November that operations at the Munali nickel mine were being temporarily suspended - during the past week the Chairman of Albidon Limited, Zhang Sanlin and Acting Managing Director Harry Ou Wang visited Munali mine and met with government and community officials. The Chairman announced the formation of a Munali site Leadership Group comprising of managers from all departments at Munali. This Leadership Group will be led by Matthew Banda, Mining Manager, who will serve as its Executive Director. The Leadership Group replaces the Chinese management team previously on secondment from Jinchuan Group, all of whom are currently returning to China | 28/11/2011 |
Albidon Limited ("Albidon" or the "Company") (ASX: ALB) after consultation with the Zambian mining authorities and in accordance with the Mines Act, today announced it has approved the temporary suspension of operations at its Munali nickel mine in Zambia. With the decline of global nickel prices by approximately 23% over the past four months and the less-than-budgeted nickel recoveries at Munali, as previously announced by Albidon, the Company has experienced serious cash flow difficulties | 10/11/2011 |
company provides an update and an outlook that acknowledges that "significant challenges have emerged to the long-term viability of the company | 01/11/2011 |
company says it intends to reorganise and restructure existing finance facilities to reduce debt and align payments with revised life of mine plan | 03/10/2011 |
during investigations being conducted as part of the Riverstone-led strategic review, it has come to light that metallurgical recoveries reported in the June 2011 Quarterly Activity Report and preceding three Quarterly reports were incorrect - the actual metallurgical recovery results are materially lower than those disclosed - the overstatement of recoveries and metal production does not impact the cash flows previously reported to the market in the four previous Quarterly Reports as those results were based on actual amounts received in relation to provisional sales invoices | 09/09/2011 |
the securities of Albidon Limited (the "Company") will be suspended from quotation from the commencement of trading on Thursday, 1 September 2011, at the request of the Company, pending the release of an announcement | 31/08/2011 |
securities reinstated to quotation | 14/10/2010 |
we understand that on or about this date the company had a share issue - we estimated the dilutionary impact at 10 cents a share | 11/10/2010 |
the Deed of Company Arrangement ("DOCA") of Albidon has now been fully effected and the appointment of KPMG as Administrator has come to an end | 11/10/2010 |
expects to recommence trading on ASX on Thursday 14 October subject to final approval by ASX and completion of the Deed of Company Arrangement ("DOCA"). This date has been set two days subsequent to the Company's 2010 AGM to ensure any issues raised at the AGM can be addressed prior to recommencement of trading | 24/09/2010 |
the Annual General Meeting of the Shareholders of Albidon Limited ("Company") will be convened at Perth Convention Exhibition Centre, Room 9, 21 Mounts Bay Road, Perth, Western Australia on Tuesday, 12 October 2010 commencing at 2.00pm WST | 22/09/2010 |
releases various financial reports | 22/09/2010 |
appointment of KPMG, as joint and several Administrators of Albidon continued during the quarter - The auditors at Ernst & Young are continuing to work on the audit of the Company's financial reports and the Company will seek relisting on the ASX as soon as audit and other listing requirements are completed | 08/09/2010 |
releases Quarterly Activities Report | 01/02/2010 |
African Energy has been exploring mineral tenements in Zambia that are subject to an exploration cooperation agreement with Albidon (ASX:ALB). Under the terms of this agreement, African Energy may earn a 30% interest in the project by sole funding at least AUD $1.0 million exploration and an additional 40% interest (totalling 70%) may be earned through the sole funding of a Prefeasibility Study on a JORC compliant Indicated Resource identified within the project. African Energy has recently completed its initial AUD $1.0m sole funding milestone in respect of the Kariba Valley JV Project, and has thereby earned an initial 30% Joint Venture interest. | 09/12/2009 |
Assay results for the recently completed reverse circulation drill programme at the Njame South uranium deposit have been received | 25/11/2009 |
an initial Inferred Resource estimate has been completed for the Njame South deposit within the Chirundu Joint Venture, Zambia | 18/11/2009 |
releases various Quarterly Activities and Cashflow Reports | 11/11/2009 |
in respect of the transaction to restructure and recapitalise the Albidon group - company confirms that on 4 November 2009, settlement of the Transaction took place - control of the company and its operations revert to the company's board of directors | 09/11/2009 |
infill soil sampling has been completed at the Namakande prospect, located in the Kariba Valley Joint Venture. The sampling has confirmed a further three significant uranium anomalies, Target Areas D, E and F, which increase the cumulative strike length at Namakande to in excess of 20km | 04/11/2009 |
directors of African Energy Resources Limited announce that a programme of reverse circulation (RC) percussion drilling has been completed at the Njame South prospect, located within the Chirundu Joint Venture project in southern Zambia | 20/10/2009 |
a Large Scale Mining Licence for the development of the Chirundu Joint Venture Uranium Project has been approved by the Zambian Ministry of Mines and Minerals Development | 15/10/2009 |
Infill soil sampling has confirmed three significant uranium anomalies within the Namakande prospect, located in the Kariba Valley Joint Venture | 30/09/2009 |
company advises of unforeseen delays in meeting DOCA conditions | 11/09/2009 |
creditors voted unanimously to approve the Deed of Company Arrangement ("DOCA") proposal of Jinchuan Group Limited | 18/06/2009 |
announce the appointment of Messrs Mel Ashton and Damian Templeton, Chartered Accountants, of KPMG, as joint and several Administrators of Albidon | 23/04/2009 |
securities suspended from quotation pending an announcement | 26/03/2009 |
securities reinstated to quotation | 26/11/2008 |
securities suspended from quotation pending an announcement | 21/11/2008 |
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NAME | TITLE | DATE OF APPT |
---|---|---|
Sanlin Zhang | Non Exec Chairman | 31/08/2010 |
Noel McAuliffe | CFO, Company Secretary | |
Yimin Zhang | Executive Director | 09/09/2009 |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
Harold Wang | Managing Director | 14/07/2012 |
Date of first appointment, title may have changed.
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