SEARCH BY NAME

BROWSE

Browse Australian delisted companies

0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Browse terminated Australian managed funds

0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
SEARCH BY CODE

Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:

KAGARA LTD (KZL)

Delisted from ASX

Former (or subsequent) names

Shareholder links

Our website ranking of KZL: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Security Transfer Australia Pty Ltd, 770 Canning Highway Applecross WA 6153
Tel : +61 3 9628 2200
Fax : +61 8 9315 2233
RegistryWebsite RegistryEmail

Company details

Address: 2nd Floor, 24 Outram Street, WEST PERTH, WA, AUSTRALIA, 6005
Tel:  (08) 9481 1211 Fax: (08) 9481 1233

Company Secretary: Cameron McLean
Sector: Materials
Industry Group: XMJ
Activities: Zinc exploration and mining

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

ASX Announcements (courtesy of ASX)

 

Your comments

Please read our Terms before viewing comments.
Loading comments....  Most recent comments

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 Ltd01/02/2015 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 25/06/201412/08/2014 12:14:55
Worthless Declaration under S104-145 ITAA issued by the Administrators FTI Consulting - 13/06/2014. 23/06/2014 14:38:00

Company Updates

Post your comments here

Please read our Terms before posting comments.
OMISSIONS
    You can post a comment here about this company

    Please click in the "I'm not a robot" box. If an image appears, enter the word/figures you see in the image.

    loading Posting your comments. Please wait...

    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    13/03/2012Kim RobinsonOn market5,140,000$0.177$910,294
    29/12/2011Kim RobinsonOn market5,080,099$0.259$1,313,174
    17/12/2009Mark McConnellOn market142,000$1.055$149,810
    23/10/2009Kim RobinsonOn market5,000,000$1.058$5,289,000
    23/10/2009Joseph TreacyOn market1,750,000$1.059$1,852,370

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    John LinleyChairman, Non Exec Director01/03/2005
    Evan SpencerCOO
    Mark McConnellNon Exec Director17/07/2009
    Kim RobinsonNon Exec Director28/09/1981
    Ross HuttonNon Exec Director23/07/2003
    Joseph TreacyExecutive Director15/06/1999
    Paul WarmeGeneral Manager, CFO14/02/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Geoff DayDirector23/02/201129/04/2013
    Flavio GarofaloFinance Director04/01/201123/01/2012
    Mark AshleyNon Exec Director22/08/2011
    Max CozijnNon Exec Director22/04/2003

    Date of first appointment, title may have changed.