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15 May 2024
| Name: | ARGO EXPLORATION LIMITED (AXT) |
| ISIN: | AU000000AXT5 |
| Date of Listing: | 11 December 2006 |
| Date of Delisting: | 30 August 2021 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 August 2021.Legal Status:
ACN: 120 917 535ABN: 38 120 917 535
Registration Date: 26 July 2006
Capital Gains Tax (CGT) Status:
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Advanced Share Registry Services
110 Stirling Hwy, Nedlands WA 6009
Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail
Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved 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. | 01/08/2023 |
delisted following failure to pay the annual ASX listing fees per Listing Rule 17.15 | 30/08/2021 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022 | 30/08/2021 |
The Company has decided to be removed from the ASX official list after close of business on Friday, 27 August 2021 due to non-payment of the ASX Annual Listing Fee. Given the impending ASX deadline of 5 February 2022, potential cost savings, and the Company's current strategy to continue holding its investment in Pantheon, the Company has decided to be removed from the ASX official list after close of business on Friday, 27 August 2021 due to nonpayment of the ASX Annual Listing Fee. Argo holds 6,000,000 fully paid ordinary shares in Pantheon Resources Plc valued today at ~ A$6.0 million. | 26/08/2021 |
The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation. | 23/08/2021 |
The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation. | 23/08/2021 |
The company lodges its June 2021 Quarterly Cashflow Report. | 02/08/2021 |
The company lodges its June 2021 Quarterly Activities Report. | 02/08/2021 |
The company has sold 200,000 fully paid ordinary shares in its listed investment, Pantheon Resources to fund general working capital. The consideration for the sale was approximately $192,789. The Board considered that the sale of shares in Pantheon was the most cost-efficient, non-dilutive and expedient method of funding available to it at the present time. As of the date of this announcement, the Company holds 6.0 million shares in Pantheon Resources Plc worth ~$5.8m. | 13/07/2021 |
The company lodges the following: March 2021 Quarterly Activities Report and March 2021 Quarterly Cashflow Report. | 30/04/2021 |
The company has sold 200,000 fully paid ordinary shares in its listed investment, Pantheon Resources to fund general working capital. The consideration for the sale was approximately $109,990 (before costs). As at the date of this announcement, the company holds 6.2 million shares in Pantheon Resources worth ~$3.3m. | 29/04/2021 |
The following securities will be released from voluntary escrow: 12,000,000 fully paid ordinary shares. Release date is 30 April 2021. | 22/04/2021 |
The company lodges its Half-year Financial Report - 31 December 2020. | 15/03/2021 |
The company lodges its Appendix 2A. | 04/02/2021 |
The company releases a notice of Proposed issue of Securities - AXT. | 04/02/2021 |
The company announces the placement of 2,500,000 new fully paid ordinary shares at $0.01 (1 cent) per share to an investor, raising $25,000. The Shares are voluntary escrowed for a period of 12 months from the date of issue. The placement was done at a ~29% discount to the latest share price. The proceeds will be used for general working capital purposes. | 04/02/2021 |
The company lodges its December 2020 Quarterly Cashflow Report. | 29/01/2021 |
The company lodges its December 2020 Quarterly Activities Report. | 29/01/2021 |
The company releases an Appendix 2A. | 23/12/2020 |
The company releases its Amended Constitution. | 30/11/2020 |
The company releases the results of its AGM. | 27/11/2020 |
The company lodges its September 2020 Quarterly Cashflow Report. | 30/10/2020 |
The company lodges its September 2020 Quarterly Activities Report. | 30/10/2020 |
The company releases a notice of Proposed issue of Securities - AXT. | 27/10/2020 |
The company's AGM will be held virtually via a webinar conferencing facility at 10.30am (AEDT) on 27 November 2020. | 27/10/2020 |
The company releases its Appendix 4G and Corporate Governance Statement. | 30/09/2020 |
The company lodges its 2020 Annual Report to Shareholders. | 30/09/2020 |
Pantheon Resources provides an update on its 89.2%-100% owned projects on the Alaskan North Slope. Great Bear Pantheon has received notice from the Alaska Department of Natural Resources that the application to form the Alkaid Production Unit of 22,804 acres is complete and eligible for approval. Pantheon has also entered the unitisation application process with the State of Alaska for the Talitha project. Work is nearing completion for the determination of a resource estimate for the Kuparuk horizon at the 89.2% owned Talitha project. The company is actively engaged with multiple parties who are presently undertaking analysis of the farmout opportunity. Pantheon's objective is to be drilling in Alaska this coming 2020/21 winter season. | 02/09/2020 |
The company lodges its June 2020 Quarterly Cashflow Report. | 31/07/2020 |
The company lodges its June 2020 Quarterly Activities. | 31/07/2020 |
The company lodges its Half-year Financial Report - 31 December 2019. | 15/05/2020 |
The company lodges its March 2020 Quarterly Cashflow Report. | 30/04/2020 |
The company lodges its March 2020 Quarterly Activities Report. | 30/04/2020 |
The company releases an Appendix 2A. | 30/04/2020 |
The company announces the placement of 12,000,000 new fully paid ordinary shares at $0.01 (1 cent) per share to investors, raising $120,000 (before costs). The Shares are voluntary escrowed for a period of 12 months from the date of issue. The placement was done at a ~29% discount to the latest share price and the Company will utilise its placement capacity under ASX Listing Rule 7.1 for the issue. The proceeds from the Placement will be used for general working capital purposes. | 30/04/2020 |
Due to the current macro climate conditions, Argo and LC Capital Limited have mutually agreed to terminate the Placement announced on 21 October 2019 to raise $400,000. | 06/04/2020 |
ASX advised that in their opinion, the company's current operations, being solely the investment in Pantheon and holding no interest in resource tenements, are not sufficient to warrant the continued quotation of the company's securities. The Board continues to review and evaluate a number of new potential projects and corporate opportunities and will keep shareholders informed of its progress. Argo continues to hold 6,500,000 fully paid ordinary shares in Pantheon Resources Plc. LC Capital Limited is fully committed to the company and will work closely with the Company to create and deliver maximum value to all shareholders. | 06/02/2020 |
The securities of Argo Exploration Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that AXT's operations are not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.1. The suspension will continue until AXT is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules. | 05/02/2020 |
suspension of trading in the securities is lifted following receipt of an announcement by the Company regarding the completion of a share placement | 28/09/2007 |
securities suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company | 25/09/2007 |
Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved 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. | 01/08/2023 |
delisted following failure to pay the annual ASX listing fees per Listing Rule 17.15 | 30/08/2021 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022 | 30/08/2021 |
The Company has decided to be removed from the ASX official list after close of business on Friday, 27 August 2021 due to non-payment of the ASX Annual Listing Fee. Given the impending ASX deadline of 5 February 2022, potential cost savings, and the Company's current strategy to continue holding its investment in Pantheon, the Company has decided to be removed from the ASX official list after close of business on Friday, 27 August 2021 due to nonpayment of the ASX Annual Listing Fee. Argo holds 6,000,000 fully paid ordinary shares in Pantheon Resources Plc valued today at ~ A$6.0 million. | 26/08/2021 |
The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation. | 23/08/2021 |
The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation. | 23/08/2021 |
The company lodges its June 2021 Quarterly Cashflow Report. | 02/08/2021 |
The company lodges its June 2021 Quarterly Activities Report. | 02/08/2021 |
The company has sold 200,000 fully paid ordinary shares in its listed investment, Pantheon Resources to fund general working capital. The consideration for the sale was approximately $192,789. The Board considered that the sale of shares in Pantheon was the most cost-efficient, non-dilutive and expedient method of funding available to it at the present time. As of the date of this announcement, the Company holds 6.0 million shares in Pantheon Resources Plc worth ~$5.8m. | 13/07/2021 |
The company lodges the following: March 2021 Quarterly Activities Report and March 2021 Quarterly Cashflow Report. | 30/04/2021 |
The company has sold 200,000 fully paid ordinary shares in its listed investment, Pantheon Resources to fund general working capital. The consideration for the sale was approximately $109,990 (before costs). As at the date of this announcement, the company holds 6.2 million shares in Pantheon Resources worth ~$3.3m. | 29/04/2021 |
The following securities will be released from voluntary escrow: 12,000,000 fully paid ordinary shares. Release date is 30 April 2021. | 22/04/2021 |
The company lodges its Half-year Financial Report - 31 December 2020. | 15/03/2021 |
The company lodges its Appendix 2A. | 04/02/2021 |
The company releases a notice of Proposed issue of Securities - AXT. | 04/02/2021 |
The company announces the placement of 2,500,000 new fully paid ordinary shares at $0.01 (1 cent) per share to an investor, raising $25,000. The Shares are voluntary escrowed for a period of 12 months from the date of issue. The placement was done at a ~29% discount to the latest share price. The proceeds will be used for general working capital purposes. | 04/02/2021 |
The company lodges its December 2020 Quarterly Cashflow Report. | 29/01/2021 |
The company lodges its December 2020 Quarterly Activities Report. | 29/01/2021 |
The company releases an Appendix 2A. | 23/12/2020 |
The company releases its Amended Constitution. | 30/11/2020 |
The company releases the results of its AGM. | 27/11/2020 |
The company lodges its September 2020 Quarterly Cashflow Report. | 30/10/2020 |
The company lodges its September 2020 Quarterly Activities Report. | 30/10/2020 |
The company releases a notice of Proposed issue of Securities - AXT. | 27/10/2020 |
The company's AGM will be held virtually via a webinar conferencing facility at 10.30am (AEDT) on 27 November 2020. | 27/10/2020 |
The company releases its Appendix 4G and Corporate Governance Statement. | 30/09/2020 |
The company lodges its 2020 Annual Report to Shareholders. | 30/09/2020 |
Pantheon Resources provides an update on its 89.2%-100% owned projects on the Alaskan North Slope. Great Bear Pantheon has received notice from the Alaska Department of Natural Resources that the application to form the Alkaid Production Unit of 22,804 acres is complete and eligible for approval. Pantheon has also entered the unitisation application process with the State of Alaska for the Talitha project. Work is nearing completion for the determination of a resource estimate for the Kuparuk horizon at the 89.2% owned Talitha project. The company is actively engaged with multiple parties who are presently undertaking analysis of the farmout opportunity. Pantheon's objective is to be drilling in Alaska this coming 2020/21 winter season. | 02/09/2020 |
The company lodges its June 2020 Quarterly Cashflow Report. | 31/07/2020 |
The company lodges its June 2020 Quarterly Activities. | 31/07/2020 |
The company lodges its Half-year Financial Report - 31 December 2019. | 15/05/2020 |
The company lodges its March 2020 Quarterly Cashflow Report. | 30/04/2020 |
The company lodges its March 2020 Quarterly Activities Report. | 30/04/2020 |
The company releases an Appendix 2A. | 30/04/2020 |
The company announces the placement of 12,000,000 new fully paid ordinary shares at $0.01 (1 cent) per share to investors, raising $120,000 (before costs). The Shares are voluntary escrowed for a period of 12 months from the date of issue. The placement was done at a ~29% discount to the latest share price and the Company will utilise its placement capacity under ASX Listing Rule 7.1 for the issue. The proceeds from the Placement will be used for general working capital purposes. | 30/04/2020 |
Due to the current macro climate conditions, Argo and LC Capital Limited have mutually agreed to terminate the Placement announced on 21 October 2019 to raise $400,000. | 06/04/2020 |
ASX advised that in their opinion, the company's current operations, being solely the investment in Pantheon and holding no interest in resource tenements, are not sufficient to warrant the continued quotation of the company's securities. The Board continues to review and evaluate a number of new potential projects and corporate opportunities and will keep shareholders informed of its progress. Argo continues to hold 6,500,000 fully paid ordinary shares in Pantheon Resources Plc. LC Capital Limited is fully committed to the company and will work closely with the Company to create and deliver maximum value to all shareholders. | 06/02/2020 |
The securities of Argo Exploration Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that AXT's operations are not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.1. The suspension will continue until AXT is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules. | 05/02/2020 |
suspension of trading in the securities is lifted following receipt of an announcement by the Company regarding the completion of a share placement | 28/09/2007 |
securities suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company | 25/09/2007 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 15/11/2017 | Chris Martin | 70,000 | $0.030 | $2,070 | |
| 08/11/2017 | Chris Martin | 610,000 | $0.026 | $15,860 | |
| 16/06/2015 | Chris Martin | On market | 44,375 | $0.015 | $688 |
| 15/06/2015 | Chris Martin | On market | 24,725 | $0.012 | $297 |
| 03/06/2015 | Chris Martin | On market | 55,900 | $0.015 | $811 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Justin Hondris | Non Exec Director | 26/07/2006 |
| Andrew Van Der Zwan | Executive Director | 18/03/2013 |
| Chris Martin | Director | 27/02/2013 |
| Melanie Leydin | Company 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.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Jonathan Cheng | Non Exec Director | 21/10/2019 | 07/04/2020 |
| Hugh Herbert | Executive Chairman, Managing Director | 26/07/2006 | 18/03/2013 |
| Meredith Bird | Non Exec Director | 09/08/2006 | 27/02/2013 |
Date of first appointment, title may have changed.
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