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15 September 2024
| Name: | FRONTIER DIAMONDS LTD (FDX) |
| ISIN: | AU000000FDX8 |
| Date of Listing: | 05 January 2018 |
| Date of Delisting: | 29 December 2020 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 December 2020.Legal Status:
ACN: 616 232 556ABN: 39 616 232 556
Registration Date: 01 December 2016
Deregistration Date: 22 October 2023
Capital Gains Tax (CGT) Status:
This entity was deregistered on 22 October 2023. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
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Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail
company deregistered today | 22/10/2023 |
delisted from the commencement of trading on Tuesday, 29 December 2020, pursuant to Listing rule 17.12. | 29/12/2020 |
we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for a period of two years | 29/12/2020 |
Advance Commodities funded $170,000 to finance the completion of all outstanding Corporate Requirements. In accordance with ASX Listing Rules the Company will not be able to meet the relisting 2 year deadline by 27 December 2020, according the Company will de-list effective 27 December 2020. The board, with the support of Atvance, has decided to press ahead with all the necessary requirements to clean up the outstanding items in order to be able to apply for Re-listing on ASX in 2021. Standstill agreements continue to defer majority of note holders and creditors, maintaining solvency. The Company is actively looking at new high impact projects in Australia to enable the company to Re list with a new asset portfolio. Adelaide Equities have been engaged as a lead broker and advisor to assist with the recapitalisation of the company. | 24/12/2020 |
The company lodges its Sept 2019 Quarterly Reports. | 28/10/2020 |
The company lodges its 2019 Annual Financial Report. | 30/09/2020 |
The company lodges its June 2019 Quarterly Activity and Cash Flow Reports. | 27/07/2020 |
The company lodges its 31 December 2018 Half Year Accounts. | 16/03/2020 |
The company provides the following clarifications to the quarterly report lodged 30 January 2020. FDX's Star Mine partner AMR Blom Diamonds is a related party to the director Ernie Blom and therefore is a 10.1 related party. The $3.5m loan from ARM Blom is not currently secured but has the ability to have security and therefore the company will be seeking 10.1 approval. The sale of Sedibeng Mine to be sold to ex-director Jan Louw and associates in lieu of outstanding debts to the related party, FMP eliminating $11.9m of debt is subject to LR 10.1 approval. The company is facing removal from the official list pursuant to GN 33 on 15 March 2020 unless it lodges its half year accounts for 31 December 2018 that was due on 15 March 2019. The company is working with its auditors to lodge these accounts forthwith. This activities report stated that the mine running at 6,000 tonnes per month is expected to produce 42.6 carats per 100 tons (cpht) at an average of $295/ct, before 2.5% real inflationary adjustments projected over the total mine life of 25 years. The company retracts this statement. The company is presently working on dewatering the Mine and will provide an update to the previous resource statement as set out in the Prospectus dated 13 October 2017. | 06/02/2020 |
The company lodges its Quarterly Activities Report December 2019. | 30/01/2020 |
The company releases its Whistleblower Policy. | 06/01/2020 |
The company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations and a re-listing strategy. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 February 2020, whichever is earlier. | 19/12/2019 |
The company requests a further extension to the voluntary suspension of its securities while it continues its discussions with a view to updating the market on its financial position, funding negotiations and re-listing strategy. The extension is expected to last until an announcement is made regarding the abovementioned or the commencement of trading on 1 November 2019, whichever is earlier. | 17/09/2019 |
The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation. | 22/08/2019 |
The company requests a further extension to the voluntary suspension of its securities. The extension is requested until an announcement is made in relation to the update of the company's financial position or the commencement of trading on 1 September 2019, whichever is earlier. | 07/08/2019 |
The company lodges its March Quarterly Reports. | 12/06/2019 |
The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the balance of funding commitments or the commencement of trading on 8 June 2019, whichever is earlier. | 08/05/2019 |
The company provides an update on its financial status. An MOU was signed for Star and funding facility of US1.7m. As for the $2.34m rights issue, the negotiations to underwrite are advanced. The placement of $115,000 fundraising was completed. $130,000 in debt funding was received. The creditors and majority of the note holders had an agreement to not call funds and for a portion to convert to equity on the same terms. The Company is currently working with its auditors to complete the half year accounts. The Company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations. Therefore, a voluntary suspension extension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 May 2019, whichever is earlier. | 02/04/2019 |
Further to the Companies announcement to sell the Star Mine dated 12 February 2019, the Company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 April 2019, whichever is earlier. | 01/03/2019 |
The company has executed a binding sales agreement with the The Blom Diamond Group for the sale of the Star Mine for proceeds to the company of US$5m. | 12/02/2019 |
The company requests a further extension to the voluntary suspension of its securities first granted on 27 December 2018 and extended on 14 January 2019 and 1 February 2019. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 March 2019, whichever is earlier. | 08/02/2019 |
The company requests a further extension to its voluntary suspension. The extension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 8 February 2019, whichever is earlier. | 01/02/2019 |
The company lodges its Quarterly Cashflow Report. | 01/02/2019 |
The company lodges its Quarterly Activities Report. | 01/02/2019 |
The company provides an update on its finances and operations. An agreement was executed to convert AUD$7 million of debt to 46.527m shares at 15 cents per share, subject to shareholder approval. The Company is continuing fundraising discussions. The Company to focus on profitability of Sedibeng Mine and to place Star Mine up for sale. Mine operations have not started since the December break. | 31/01/2019 |
The company requests an extension to the voluntary suspension of its securities until an announcement is made to the market in relation to the update on its financial position or the commencement of trading on 1 February 2019, whichever is earlier. | 14/01/2019 |
The securities of Frontier Diamonds Limited ("˜FDX') will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDX, pending the release of an announcement regarding fundraising | 27/12/2018 |
The suspension of trading in the securities of Frontier Diamonds Limited will be lifted immediately. | 15/10/2018 |
The securities of Frontier Diamonds Ltd will be reinstated to Official Quotation as from the commencement of trading on Monday, 15 October 2018 following lodgement of its Annual Report for the year ended 30 June 2018 | 12/10/2018 |
The company releases its Corporate Governance Statement. | 12/10/2018 |
The company releases an Appendix 4G. | 12/10/2018 |
The company lodges its 2018 Annual Report. | 12/10/2018 |
Whilst there has been substantial completion of the audit, with the South African audit report expected to be completed today, it is not expected that the Annual Report will be released until later this week. | 09/10/2018 |
The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date. | 01/10/2018 |
The suspension of trading in the securities of Frontier Diamonds Limited will be lifted immediately following the release by the Company of an announcement. | 05/09/2018 |
On Wednesday 29th of August during the processing of material from the kimberlite at the Bellsbank Kimberlite Pipe Exploration Project (Bellsbank), and some tailings from Sedibeng Mine the Company recovered a 111.45 carat diamond. The Company has commitments for a total of A$1,075,000 through the placement and the shares will be issued at a price of $0.04 (26,875,000 shares) under the Company's 15% placing ability. The pricing represents a discount of 20% to the market price prior to the commencement of the trading halt. | 05/09/2018 |
The securities of Frontier Diamonds Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDX, pending the release of an announcement regarding a production update. | 03/09/2018 |
listed entity carried for record purposes only | 05/01/2018 |
company deregistered today | 22/10/2023 |
delisted from the commencement of trading on Tuesday, 29 December 2020, pursuant to Listing rule 17.12. | 29/12/2020 |
we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for a period of two years | 29/12/2020 |
Advance Commodities funded $170,000 to finance the completion of all outstanding Corporate Requirements. In accordance with ASX Listing Rules the Company will not be able to meet the relisting 2 year deadline by 27 December 2020, according the Company will de-list effective 27 December 2020. The board, with the support of Atvance, has decided to press ahead with all the necessary requirements to clean up the outstanding items in order to be able to apply for Re-listing on ASX in 2021. Standstill agreements continue to defer majority of note holders and creditors, maintaining solvency. The Company is actively looking at new high impact projects in Australia to enable the company to Re list with a new asset portfolio. Adelaide Equities have been engaged as a lead broker and advisor to assist with the recapitalisation of the company. | 24/12/2020 |
The company lodges its Sept 2019 Quarterly Reports. | 28/10/2020 |
The company lodges its 2019 Annual Financial Report. | 30/09/2020 |
The company lodges its June 2019 Quarterly Activity and Cash Flow Reports. | 27/07/2020 |
The company lodges its 31 December 2018 Half Year Accounts. | 16/03/2020 |
The company provides the following clarifications to the quarterly report lodged 30 January 2020. FDX's Star Mine partner AMR Blom Diamonds is a related party to the director Ernie Blom and therefore is a 10.1 related party. The $3.5m loan from ARM Blom is not currently secured but has the ability to have security and therefore the company will be seeking 10.1 approval. The sale of Sedibeng Mine to be sold to ex-director Jan Louw and associates in lieu of outstanding debts to the related party, FMP eliminating $11.9m of debt is subject to LR 10.1 approval. The company is facing removal from the official list pursuant to GN 33 on 15 March 2020 unless it lodges its half year accounts for 31 December 2018 that was due on 15 March 2019. The company is working with its auditors to lodge these accounts forthwith. This activities report stated that the mine running at 6,000 tonnes per month is expected to produce 42.6 carats per 100 tons (cpht) at an average of $295/ct, before 2.5% real inflationary adjustments projected over the total mine life of 25 years. The company retracts this statement. The company is presently working on dewatering the Mine and will provide an update to the previous resource statement as set out in the Prospectus dated 13 October 2017. | 06/02/2020 |
The company lodges its Quarterly Activities Report December 2019. | 30/01/2020 |
The company releases its Whistleblower Policy. | 06/01/2020 |
The company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations and a re-listing strategy. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 February 2020, whichever is earlier. | 19/12/2019 |
The company requests a further extension to the voluntary suspension of its securities while it continues its discussions with a view to updating the market on its financial position, funding negotiations and re-listing strategy. The extension is expected to last until an announcement is made regarding the abovementioned or the commencement of trading on 1 November 2019, whichever is earlier. | 17/09/2019 |
The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation. | 22/08/2019 |
The company requests a further extension to the voluntary suspension of its securities. The extension is requested until an announcement is made in relation to the update of the company's financial position or the commencement of trading on 1 September 2019, whichever is earlier. | 07/08/2019 |
The company lodges its March Quarterly Reports. | 12/06/2019 |
The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the balance of funding commitments or the commencement of trading on 8 June 2019, whichever is earlier. | 08/05/2019 |
The company provides an update on its financial status. An MOU was signed for Star and funding facility of US1.7m. As for the $2.34m rights issue, the negotiations to underwrite are advanced. The placement of $115,000 fundraising was completed. $130,000 in debt funding was received. The creditors and majority of the note holders had an agreement to not call funds and for a portion to convert to equity on the same terms. The Company is currently working with its auditors to complete the half year accounts. The Company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations. Therefore, a voluntary suspension extension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 May 2019, whichever is earlier. | 02/04/2019 |
Further to the Companies announcement to sell the Star Mine dated 12 February 2019, the Company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 April 2019, whichever is earlier. | 01/03/2019 |
The company has executed a binding sales agreement with the The Blom Diamond Group for the sale of the Star Mine for proceeds to the company of US$5m. | 12/02/2019 |
The company requests a further extension to the voluntary suspension of its securities first granted on 27 December 2018 and extended on 14 January 2019 and 1 February 2019. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 March 2019, whichever is earlier. | 08/02/2019 |
The company requests a further extension to its voluntary suspension. The extension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 8 February 2019, whichever is earlier. | 01/02/2019 |
The company lodges its Quarterly Cashflow Report. | 01/02/2019 |
The company lodges its Quarterly Activities Report. | 01/02/2019 |
The company provides an update on its finances and operations. An agreement was executed to convert AUD$7 million of debt to 46.527m shares at 15 cents per share, subject to shareholder approval. The Company is continuing fundraising discussions. The Company to focus on profitability of Sedibeng Mine and to place Star Mine up for sale. Mine operations have not started since the December break. | 31/01/2019 |
The company requests an extension to the voluntary suspension of its securities until an announcement is made to the market in relation to the update on its financial position or the commencement of trading on 1 February 2019, whichever is earlier. | 14/01/2019 |
The securities of Frontier Diamonds Limited ("˜FDX') will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDX, pending the release of an announcement regarding fundraising | 27/12/2018 |
The suspension of trading in the securities of Frontier Diamonds Limited will be lifted immediately. | 15/10/2018 |
The securities of Frontier Diamonds Ltd will be reinstated to Official Quotation as from the commencement of trading on Monday, 15 October 2018 following lodgement of its Annual Report for the year ended 30 June 2018 | 12/10/2018 |
The company releases its Corporate Governance Statement. | 12/10/2018 |
The company releases an Appendix 4G. | 12/10/2018 |
The company lodges its 2018 Annual Report. | 12/10/2018 |
Whilst there has been substantial completion of the audit, with the South African audit report expected to be completed today, it is not expected that the Annual Report will be released until later this week. | 09/10/2018 |
The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date. | 01/10/2018 |
The suspension of trading in the securities of Frontier Diamonds Limited will be lifted immediately following the release by the Company of an announcement. | 05/09/2018 |
On Wednesday 29th of August during the processing of material from the kimberlite at the Bellsbank Kimberlite Pipe Exploration Project (Bellsbank), and some tailings from Sedibeng Mine the Company recovered a 111.45 carat diamond. The Company has commitments for a total of A$1,075,000 through the placement and the shares will be issued at a price of $0.04 (26,875,000 shares) under the Company's 15% placing ability. The pricing represents a discount of 20% to the market price prior to the commencement of the trading halt. | 05/09/2018 |
The securities of Frontier Diamonds Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDX, pending the release of an announcement regarding a production update. | 03/09/2018 |
listed entity carried for record purposes only | 05/01/2018 |
Your browser may reflect a date of printing in American format.
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Marco Möller | CFO | 05/01/2018 |
| Cesidio DiGiovine | Non Exec Director, Company Secretary | 06/07/2020 |
| Frank Petruzzelli | Executive Director | 05/01/2018 |
| Ernie Blom | Executive Director | 19/12/2019 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Mark Freeman | Executive Director | 12/10/2018 | 06/07/2020 |
| Jan Louw | Managing Director | 05/01/2018 | 19/12/2019 |
| Johan van Reenen | Chairman | 05/01/2018 | 21/01/2019 |
| Chris Ritchie | Non Exec Director | 12/10/2018 | |
| Michael Addison | Non Exec Director | 05/01/2018 | 04/06/2018 |
Date of first appointment, title may have changed.
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