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02 December 2024
| Name: | KAGARA LTD (KZL) | ||||||
| Date of Listing: | 22 December 1999 | ||||||
| Date of Delisting: | 11 August 2014 | ||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 11 August 2014.Legal Status:
ACN: 008 988 583
Deregistration Date: 02 October 2024
Capital Gains Tax (CGT) Status:
This entity was deregistered on 02 October 2024. 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| Company | FROM | TO |
|---|---|---|
| KAGARA LTD | 13/12/2007 | |
| KAGARA ZINC LIMITED | 13/12/2007 |
REGISTRY:
Security Transfer Australia Pty Ltd
No longer operating
The company has been deregistered as of 02/10/2024 | 02/10/2024 |
delisted following the request of the Company | 11/08/2014 |
we understand delisting followed company failure and the ongoing liquidation of the company | 11/08/2014 |
The Liquidators of Kagara Limited (In Liquidation)* (ASX: KZL) and its wholly owned subsidiary Kagara Copper Pty Ltd (In Liquidation)*, (together the Companies) have entered into a binding Exclusivity Deed (Deed) with ASX listed Red River Resources Limited (ASX: RVR), a mineral exploration company for the sale of the Companies' interest in the mining projects located near Charters Towers in North Queensland | 03/07/2014 |
a loss declaration has been issued - if you are still a shareholder, the capital loss can be claimed in the financial year the declaration is issued - in this case 2013-14 | 25/06/2014 |
the Liquidators of Kagara Limited (In Liquidation)* (ASX: KZL) and its wholly owned subsidiary Mungana Pty Ltd (In Liquidation)*, (together the Companies) have entered into a binding Heads of Agreement (HOA) with Mungana Goldmines Limited (MUX) for the sale of the Companies' interest in the mining projects located near Chillagoe in far North Queensland (known as the "Northern Region" projects | 30/12/2013 |
although proposals will be considered the DOCAs will automatically terminate and the Companies will be placed into liquidation on 16 December 2013 in accordance with clause 13.3(a) of the respective DOCAs. These proposals will continue to be considered in liquidation | 09/12/2013 |
The Australian Securities and Investments Commission (ASIC) has granted additional relief to the Company on 28 November 2013 in relation to compliance with sections 315 and 319 of the Corporations Act 2001 (the Act) for the following:  financial year ending on 30 June 2012;  financial year ending 30 June 2013; and  half-year ending 31 December 2012. (together the Relevant Periods) | 29/11/2013 |
The Australian Securities and Investments Commission (ASIC) has granted relief to the Company on 26 September 2013 in relation to compliance with sections 315 and 319 of the Corporations Act 2001 (the Act) for the financial year ending on 30 June 2013. As a result of the relief granted by ASIC, the Company has a deferral of its financial reporting obligations for the year ending 30 June 2013 until 30 November 2013 | 27/09/2013 |
Discussions with the purchaser, Lucky Metals Pty Ltd (Purchaser) and the Purchaser Guarantor in respect of the Southern Agreement have now ended. As a commercial resolution was not able to be reached with the Purchaser and the Purchaser Guarantor and the deposit has not been paid, Kagara has terminated the Southern Agreement for breach of that agreement by each of the Purchaser and the Purchaser Guarantor. The Group will formally recommence the marketing and sale process of the Thalanga and Liontown/Waterloo assets and will look to identifying a preferred bidder for those assets as soon as possible | 16/09/2013 |
regarding non-payment of the deposits under the agreements for the sale of the Group" Northern Chillagoe Project (Northern Agreement) and the Thalanga and Liontown/Waterloo Projects (Southern Agreement) respectively made on 8 July 2013. Discussions with the purchaser, Lucky Metals Pty Ltd (Purchaser) and Mr Leendert C Van Der Sluys (Purchaser Guarantor) have now ended. As a commercial resolution was not able to be reached with the Purchaser and Purchaser Guarantor and neither of the deposits has been paid, Kagara as seller representative on behalf of itself and Munguna Goldmines Limited (ASX: MUX), has terminated the Northern Agreement for breach of that agreement by each of the Purchaser and the Purchaser Guarantor | 12/08/2013 |
the Company has:  a deferral of its financial reporting obligations for the year ending 30 June 2012 until 30 November 2013; and  a deferral of the Company" financial reporting obligations for the period ending 31 December 2012 until 30 November 2013 | 03/06/2013 |
DOCAs were executed on 27 May 2013 | 29/05/2013 |
the creditors of each of Kagara Limited (Administrators Appointed)* (ASX: KZL) and its wholly owned subsidiaries Mungana Pty Ltd (Administrators Appointed)*, Kagara Copper Pty Ltd (Administrators Appointed)* and Einasleigh Mining Pty Ltd (Administrators Appointed)* (together the Group) respectively approved the entry into of deeds of company arrangement (DOCAs) for each member of the Group. On execution of the DOCAs, the Administrators will become deed administrators under the DOCAs. It is intended that the DOCAs will be executed in the near future | 07/05/2013 |
Kagara Limited (Administrators Appointed)* (ASX: KZL) is pleased to announce that KZL and its wholly-owned subsidiary, Mungana Pty Ltd (Administrators Appointed)* (MPL) have signed a new binding Heads of Agreement (the HoA) with Mungana Goldmines Limited (ASX: MUX) to facilitate a sale of the Northern Region Assets and the buy back of certain shares held by MPL in MUX. MPL currently holds 97,546,943 ordinary shares, or a 60.7% shareholding, in MUX | 06/05/2013 |
Mungana Goldmines Limited (ASX: MUX), Kagara Limited (administrators appointed) (ASX: KZL) and its subsidiary, Mungana Pty Ltd (administrators appointed) (MPL) have agreed to terminate the Heads of Agreement (HOA) between them that was announced on 26 November 2012 | 13/03/2013 |
the Federal Court of Australia ("Federal Court") makes orders granting the Administrators* a further extension of the convening period for the administrations of Kagara Limited (Administrators Appointed) ("Company"), Kagara Copper Pty Ltd (Administrators Appointed), Mungana Pty Ltd (Administrators Appointed) and Einasleigh Mining Pty Ltd (Administrators Appointed) ("the Group"), for a further period of up to two months, to 30 April 2013 | 22/02/2013 |
Kagara Limited (Administrators Appointed)* (ASX: KZL) is pleased to announce that KZL and its wholly-owned subsidiary, Mungana Pty Ltd (Administrators Appointed)* (MPL) have signed a binding Heads of Agreement (the HoA) with Mungana Goldmines Limited (ASX: MUX) to terminate the Gold Rights Agreement dated 16 April 2010 between the parties | 26/11/2012 |
administrators provide an update on the progress of the Voluntary Administration of the Group - Kagara has been preparing the Group" operations in North Queensland for the upcoming wet season. Plans to transition operations into full care and maintenance are now well advanced and, as a result of this process, a number of roles will be made redundant over the next two to six weeks. In addition a number of contractor arrangements will also be coming to an end | 21/11/2012 |
the Federal Court of Australia ("Federal Court") makes orders granting the Administrators a further extension of the convening period for the administrations of Kagara Limited (Administrators Appointed) ("Company"), Kagara Copper Pty Ltd (Administrators Appointed), Mungana Pty Ltd (Administrators Appointed) and Einasleigh Mining Pty Ltd (Administrators Appointed) ("the Group"), for a further period of up to three months, to 28 February 2013 | 23/10/2012 |
the Administrators of Kagara Limited (Administrators Appointed) ("Kagara") and its three wholly-owned subsidiaries ("the Group")* provide an update on the sale process of the Group" assets | 04/10/2012 |
The Administrators of Kagara Limited and its three wholly-owned subsidiaries* ("the Group"), announce they have appointed Investec Bank (Australia) Limited ("Investec") to conduct a strategic review of the Group" assets as part of the administration process | 25/06/2012 |
administrators have held numerous meetings with key stakeholders, liaised with the management team about restructuring options, secured the Group" assets and met various regulatory and compliance obligations (Total creditor claims are still being assessed and may not be known for some time however, the Administrators currently estimate that creditors are owed between $85 million to $95 million** including the debt to ANZ, however this excludes $22.5 million being environmental performance bonds issued by ANZ) | 09/05/2012 |
Second Meetings of Creditors will be held for each member of the Group once the value of the Group" assets have been determined and all the options for its future have been assessed. It is a complex process and the Administrators will make an application to the court for an extension of the convening period for this second meeting for up to six months | 09/05/2012 |
Michael Ryan, Mark Englebert, Stefan Dopking and Quentin Olde from accounting firm Taylor Woodings have been appointed voluntary administrators | 30/04/2012 |
the securities of Kagara Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 26/04/2012 |
securities reinstated | 07/03/2012 |
in conjunction with the release of its financial results for the six months to 31 December 2011, Kagara Limited (ASX: KZL - "Kagara" or "the Company") today announced a significant restructure of its North Queensland base metal operations and updated production guidance for FY12 | 07/03/2012 |
The Board of Western Areas announces the Company has reached agreement with Kagara Limited ("KZL") to purchase 100% of Kagara Nickel Pty Ltd ("Kagara Nickel") including the high grade Lounge Lizard nickel deposit for A$68 million. The Lounge Lizard deposit is located adjacent to Western Areas's 100% owned Flying Fox nickel mine at the Forrestania Nickel Project | 05/03/2012 |
suspended following failure to lodge financial reports | 01/03/2012 |
securities reinstated to quotation | 11/06/2009 |
securities suspended from quotation pending an announcement | 03/06/2009 |
name changed from Kagara Zinc Ltd | 13/12/2007 |
The company has been deregistered as of 02/10/2024 | 02/10/2024 |
delisted following the request of the Company | 11/08/2014 |
we understand delisting followed company failure and the ongoing liquidation of the company | 11/08/2014 |
The Liquidators of Kagara Limited (In Liquidation)* (ASX: KZL) and its wholly owned subsidiary Kagara Copper Pty Ltd (In Liquidation)*, (together the Companies) have entered into a binding Exclusivity Deed (Deed) with ASX listed Red River Resources Limited (ASX: RVR), a mineral exploration company for the sale of the Companies' interest in the mining projects located near Charters Towers in North Queensland | 03/07/2014 |
a loss declaration has been issued - if you are still a shareholder, the capital loss can be claimed in the financial year the declaration is issued - in this case 2013-14 | 25/06/2014 |
the Liquidators of Kagara Limited (In Liquidation)* (ASX: KZL) and its wholly owned subsidiary Mungana Pty Ltd (In Liquidation)*, (together the Companies) have entered into a binding Heads of Agreement (HOA) with Mungana Goldmines Limited (MUX) for the sale of the Companies' interest in the mining projects located near Chillagoe in far North Queensland (known as the "Northern Region" projects | 30/12/2013 |
although proposals will be considered the DOCAs will automatically terminate and the Companies will be placed into liquidation on 16 December 2013 in accordance with clause 13.3(a) of the respective DOCAs. These proposals will continue to be considered in liquidation | 09/12/2013 |
The Australian Securities and Investments Commission (ASIC) has granted additional relief to the Company on 28 November 2013 in relation to compliance with sections 315 and 319 of the Corporations Act 2001 (the Act) for the following:  financial year ending on 30 June 2012;  financial year ending 30 June 2013; and  half-year ending 31 December 2012. (together the Relevant Periods) | 29/11/2013 |
The Australian Securities and Investments Commission (ASIC) has granted relief to the Company on 26 September 2013 in relation to compliance with sections 315 and 319 of the Corporations Act 2001 (the Act) for the financial year ending on 30 June 2013. As a result of the relief granted by ASIC, the Company has a deferral of its financial reporting obligations for the year ending 30 June 2013 until 30 November 2013 | 27/09/2013 |
Discussions with the purchaser, Lucky Metals Pty Ltd (Purchaser) and the Purchaser Guarantor in respect of the Southern Agreement have now ended. As a commercial resolution was not able to be reached with the Purchaser and the Purchaser Guarantor and the deposit has not been paid, Kagara has terminated the Southern Agreement for breach of that agreement by each of the Purchaser and the Purchaser Guarantor. The Group will formally recommence the marketing and sale process of the Thalanga and Liontown/Waterloo assets and will look to identifying a preferred bidder for those assets as soon as possible | 16/09/2013 |
regarding non-payment of the deposits under the agreements for the sale of the Group" Northern Chillagoe Project (Northern Agreement) and the Thalanga and Liontown/Waterloo Projects (Southern Agreement) respectively made on 8 July 2013. Discussions with the purchaser, Lucky Metals Pty Ltd (Purchaser) and Mr Leendert C Van Der Sluys (Purchaser Guarantor) have now ended. As a commercial resolution was not able to be reached with the Purchaser and Purchaser Guarantor and neither of the deposits has been paid, Kagara as seller representative on behalf of itself and Munguna Goldmines Limited (ASX: MUX), has terminated the Northern Agreement for breach of that agreement by each of the Purchaser and the Purchaser Guarantor | 12/08/2013 |
the Company has:  a deferral of its financial reporting obligations for the year ending 30 June 2012 until 30 November 2013; and  a deferral of the Company" financial reporting obligations for the period ending 31 December 2012 until 30 November 2013 | 03/06/2013 |
DOCAs were executed on 27 May 2013 | 29/05/2013 |
the creditors of each of Kagara Limited (Administrators Appointed)* (ASX: KZL) and its wholly owned subsidiaries Mungana Pty Ltd (Administrators Appointed)*, Kagara Copper Pty Ltd (Administrators Appointed)* and Einasleigh Mining Pty Ltd (Administrators Appointed)* (together the Group) respectively approved the entry into of deeds of company arrangement (DOCAs) for each member of the Group. On execution of the DOCAs, the Administrators will become deed administrators under the DOCAs. It is intended that the DOCAs will be executed in the near future | 07/05/2013 |
Kagara Limited (Administrators Appointed)* (ASX: KZL) is pleased to announce that KZL and its wholly-owned subsidiary, Mungana Pty Ltd (Administrators Appointed)* (MPL) have signed a new binding Heads of Agreement (the HoA) with Mungana Goldmines Limited (ASX: MUX) to facilitate a sale of the Northern Region Assets and the buy back of certain shares held by MPL in MUX. MPL currently holds 97,546,943 ordinary shares, or a 60.7% shareholding, in MUX | 06/05/2013 |
Mungana Goldmines Limited (ASX: MUX), Kagara Limited (administrators appointed) (ASX: KZL) and its subsidiary, Mungana Pty Ltd (administrators appointed) (MPL) have agreed to terminate the Heads of Agreement (HOA) between them that was announced on 26 November 2012 | 13/03/2013 |
the Federal Court of Australia ("Federal Court") makes orders granting the Administrators* a further extension of the convening period for the administrations of Kagara Limited (Administrators Appointed) ("Company"), Kagara Copper Pty Ltd (Administrators Appointed), Mungana Pty Ltd (Administrators Appointed) and Einasleigh Mining Pty Ltd (Administrators Appointed) ("the Group"), for a further period of up to two months, to 30 April 2013 | 22/02/2013 |
Kagara Limited (Administrators Appointed)* (ASX: KZL) is pleased to announce that KZL and its wholly-owned subsidiary, Mungana Pty Ltd (Administrators Appointed)* (MPL) have signed a binding Heads of Agreement (the HoA) with Mungana Goldmines Limited (ASX: MUX) to terminate the Gold Rights Agreement dated 16 April 2010 between the parties | 26/11/2012 |
administrators provide an update on the progress of the Voluntary Administration of the Group - Kagara has been preparing the Group" operations in North Queensland for the upcoming wet season. Plans to transition operations into full care and maintenance are now well advanced and, as a result of this process, a number of roles will be made redundant over the next two to six weeks. In addition a number of contractor arrangements will also be coming to an end | 21/11/2012 |
the Federal Court of Australia ("Federal Court") makes orders granting the Administrators a further extension of the convening period for the administrations of Kagara Limited (Administrators Appointed) ("Company"), Kagara Copper Pty Ltd (Administrators Appointed), Mungana Pty Ltd (Administrators Appointed) and Einasleigh Mining Pty Ltd (Administrators Appointed) ("the Group"), for a further period of up to three months, to 28 February 2013 | 23/10/2012 |
the Administrators of Kagara Limited (Administrators Appointed) ("Kagara") and its three wholly-owned subsidiaries ("the Group")* provide an update on the sale process of the Group" assets | 04/10/2012 |
The Administrators of Kagara Limited and its three wholly-owned subsidiaries* ("the Group"), announce they have appointed Investec Bank (Australia) Limited ("Investec") to conduct a strategic review of the Group" assets as part of the administration process | 25/06/2012 |
administrators have held numerous meetings with key stakeholders, liaised with the management team about restructuring options, secured the Group" assets and met various regulatory and compliance obligations (Total creditor claims are still being assessed and may not be known for some time however, the Administrators currently estimate that creditors are owed between $85 million to $95 million** including the debt to ANZ, however this excludes $22.5 million being environmental performance bonds issued by ANZ) | 09/05/2012 |
Second Meetings of Creditors will be held for each member of the Group once the value of the Group" assets have been determined and all the options for its future have been assessed. It is a complex process and the Administrators will make an application to the court for an extension of the convening period for this second meeting for up to six months | 09/05/2012 |
Michael Ryan, Mark Englebert, Stefan Dopking and Quentin Olde from accounting firm Taylor Woodings have been appointed voluntary administrators | 30/04/2012 |
the securities of Kagara Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 26/04/2012 |
securities reinstated | 07/03/2012 |
in conjunction with the release of its financial results for the six months to 31 December 2011, Kagara Limited (ASX: KZL - "Kagara" or "the Company") today announced a significant restructure of its North Queensland base metal operations and updated production guidance for FY12 | 07/03/2012 |
The Board of Western Areas announces the Company has reached agreement with Kagara Limited ("KZL") to purchase 100% of Kagara Nickel Pty Ltd ("Kagara Nickel") including the high grade Lounge Lizard nickel deposit for A$68 million. The Lounge Lizard deposit is located adjacent to Western Areas's 100% owned Flying Fox nickel mine at the Forrestania Nickel Project | 05/03/2012 |
suspended following failure to lodge financial reports | 01/03/2012 |
securities reinstated to quotation | 11/06/2009 |
securities suspended from quotation pending an announcement | 03/06/2009 |
name changed from Kagara Zinc Ltd | 13/12/2007 |
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This has been policy of some companies. Build trust and do tricks to increase the price of the shares. Then sell shares with a new price to increase capital! Eventually, they declare bankruptcy and the creditors, i.e, you and I get nothing! Everything seems legal! | 16/11/2020 16:10:58 |
I had 3000 shares . How can I join the class acftion. | 11/09/2018 14:08:20 |
I had 3000 shares. Am I included in the class action? | 11/09/2018 14:07:22 |
| Would you please send Mr. John Linley emial or any director. We would like to sell a MSD mine in Ecuador. | 06/08/2015 03:05:47 |
| I found it interesting how the Directors and other main players in Kagara jumped ship prior to the trading halt. I would have thought an investigation into the fiscal transaction of the same persons would have been in order along with the setup of Mungana Pty Ltd | 01/02/2015 22:08:43 |
| it is sad, but that's the risk of investing in equity. One of the potential outcomes is to loose all. | 12/12/2014 18:44:37 |
| Are we going to be compensated at all? | 28/10/2014 09:42:19 |
| I would like to know ,what has happened to our monies which was invested in this company? | 28/10/2014 09:34:10 |
| the Worthless Declaration can be found in News & Events above - date 25/06/2014 | 12/08/2014 12:14:55 |
| Worthless Declaration under S104-145 ITAA issued by the Administrators FTI Consulting - 13/06/2014. | 23/06/2014 14:38:00 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 13/03/2012 | Kim Robinson | On market | 5,140,000 | $0.177 | $910,294 |
| 29/12/2011 | Kim Robinson | On market | 5,080,099 | $0.259 | $1,313,174 |
| 17/12/2009 | Mark McConnell | On market | 142,000 | $1.055 | $149,810 |
| 23/10/2009 | Kim Robinson | On market | 5,000,000 | $1.058 | $5,289,000 |
| 23/10/2009 | Joseph Treacy | On market | 1,750,000 | $1.059 | $1,852,370 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| John Linley | Chairman, Non Exec Director | 01/03/2005 |
| Evan Spencer | COO | |
| Ross Hutton | Non Exec Director | 23/07/2003 |
| Mark McConnell | Non Exec Director | 17/07/2009 |
| Kim Robinson | Non Exec Director | 28/09/1981 |
| Joseph Treacy | Executive Director | 15/06/1999 |
| Paul Warme | General Manager, CFO | 14/02/2012 |
| Cameron McLean | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Geoff Day | Director | 23/02/2011 | 29/04/2013 |
| Flavio Garofalo | Finance Director | 04/01/2011 | 23/01/2012 |
| Mark Ashley | Non Exec Director | 22/08/2011 | |
| Max Cozijn | Non Exec Director | 22/04/2003 |
Date of first appointment, title may have changed.
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