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AUSTRALIAN KAOLIN LIMITED (AKL)

Delisted from ASX 30/08/2001

Former (or subsequent) names

 FROMTO
AUSTRALIAN KAOLIN LIMITED23/10/1997
AUSTRALIAN KAOLIN NL06/12/199623/10/1997
VENTURE EXPLORATION NL06/12/1996

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OFX Transferring Money Internationally to Free

company deregistered

18/07/2008

the liquidator has made a declaration that there will be no return to shareholders - shareholders can choose to make a capital loss in the year the declaration was issued (2004-2005) - shareholders can click on the declaration if they need it to substantiate their claim (see note of 15/12/04 below)

28/06/2005

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued

15/12/2004

we have been seeking an update from the Receivers Taylor Wooding (Michael Ryan) since 9 September 2004

02/11/2004

Receivers are still endeavouring to sell the rights to the royalty stream and confirm there will be no return to unsecured creditors or to shareholders - it will be some time before control of the company reverts to the administrators

04/06/2004

Receivers advise they are attempting to sell the remaining assets the subject of the secured creditor's security

25/03/2004

seeking an update from the Receiver Michael Ryan

04/02/2004

receivers report there is no real change from the position outlined in the note of 23/04/2003 below

09/07/2003

seeking update from receiver

03/07/2003

receivers report they are monitoring the progress of Minerals Corp & Queensland Kaolin - only remaining assets are the right to royalties from mine sales and a 10% equity interest in Queensland Kaolin (marketing of this interest will be worthwhile only when the project has a proven commercial track record) - they also consider possibly letting the royalty arrangement run its course in order to utilise the company's tax losses - the receiver's duties will only be complete when the royalty and equity interest have been dealt with - the company will then proceed into liquidation unless the Deed Administrator receives a reconstruction proposal

23/04/2003

a number of assets still to be disposed of - receiver not prepared to put a timeframe on completion

30/07/2002

administrator advises intention was for company to be liquidated but no decision yet made

27/03/2002

administrator advises that company fate in hands of secured creditor

26/03/2002

Minerals Corp announces successful initial production

08/11/2001

Minerals Corp advise value ascribed to Skardon River $93.5m (after spending $20m)

06/11/2001

delisted due to failure to pay annual listing fee

30/08/2001

administrator advises that shares of minimal or no value

21/02/2001

market advised that assets sold ($6.5 million for Skardon River)

21/02/2001

market advised of possible restructure but that shares of little or no value

14/06/2000

pierpont writes in AFR see www.pierpont.com.au/eco_Archives/default.cfm?behaviour=view_article&id=3025

04/02/2000

deed of company arrangement entered into

31/08/1999

directors advise of possible claims against Dresdner and Taylor Woodings

25/06/1999

call for expressions of interest in Skardon River assets

21/06/1999

A Woodings and M Ryan of Taylor Woodings appointed receivers and managers

11/05/1999

AH Douglas-Brown of Bentleys appointed administrator

10/05/1999

shares suspended

11/03/1999

name changed from Australian Kaolin NL

23/10/1997

ASX Announcements (courtesy of ASX)

 

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