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23 January 2021
Name: | MZI RESOURCES LTD (MZI) | |||||||||
ISIN: | AU000000MZI8 | |||||||||
Date of Listing: | 26 August 2004 | |||||||||
Date of Delisting: | 01 May 2020 | |||||||||
Former Names: |
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Stock Exchange Status: (updated daily)
This entity was delisted from the Australian Securities Exchange on 01 May 2020.Legal Status: (updated monthly)
ACN: 077 221 722
This entity was placed in administration on 16 April 2019. It may currently be in administration or it may be subject to a deed of company arrangement.Capital Gains Tax (CGT) Status: (updated at least quarterly)
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.
FROM | TO | |
MZI RESOURCES LTD | 06/09/2012 | |
MATILDA ZIRCON LIMITED | 21/07/2009 | 06/09/2012 |
OLYMPIA RESOURCES LIMITED | 21/07/2009 |
REGISTRY:
Computershare, Level 11, 172 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail
Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve 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. | 13/08/2020 |
delisted from the commencement of trading on 1 May 2020, pursuant to Listing rule 17.12. | 01/05/2020 |
we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for an unacceptably long period | 01/05/2020 |
The Voluntary Administrators advise that on Tuesday, 3 March 2020, MZI executed the Deed of Company Arrangement proposed at the second meeting of creditors held on Tuesday, 25 February 2020. Subsequently, Rob Kirman, Rob Brauer and Jason Preston were appointed as Deed Administrators. | 10/03/2020 |
The administrators provide an update. They have detailed the actions taken during the external administration. The administrators received nine expressions of interest and five non-binding indicative offers during the sale campaign for MZI's listed corporate shell. The administrators have now selected their preferred bidder and are currently negotiating the terms of a DOCA proposal with a view to provide a copy to creditors annexed to the Administrators' Report. The administrators expect to provide the Administrators' Report to creditors during the week ending 13 December 2019. The administrators also note the actions required to complete the external administration. They expect these actions will be completed within the next 12 months, however, noting the uncertainty of the result of the second meeting, are unable to confirm the exact expected time to completion. | 09/12/2019 |
ASIC has granted relief to MZI to defer the period during which MZI is required to provide the following financial reports: financial year accounts for the period ending 30 June 2019; and financial year or half-year accounts of MZI for periods ending during the deferral period. The deferral period commences on the date of the relief instrument and ends on the earlier of: 30 June 2020; the date on which a disclosure document is lodged with ASIC in relation to any offer for issue or sale of securities that needs disclosure to investors; the date on which MZI is reinstated to quotation by ASX; or the date that MZI ceases to be under external administration. MZI must now hold its AGM within the 2 months after the deferral period expires. | 31/10/2019 |
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 voluntary administrators of the company have executed an agreement with Doral Mineral Sands for the sale of the Keysbrook Mineral Ssands Mine and associated assets for a value of approximately $32M plus future landowner debt obligations. The sale includes: 100% of the shares in Keysbrook Leucoxene Pty Ltd and all freehold property held by Keysbrook Property Pty Ltd and MZI relating to Keysbrook. | 28/06/2019 |
Rob Kirman, Rob Brauer and Jason Preston were appointed voluntary administrators of MZI Resources Limited by RMB Resources Limited. The Administrators' appointment relates only to the listed entity, MZI, and does not extend to any of its wholly owned subsidiaries, their operations, or the Keysbrook Mineral Sands Mine which all continue unaffected. The Administrators intend to continue operating MZI on a "˜business as usual' basis while options for the sale and/or recapitalisation of the business are explored. A first statutory meeting of creditors must be held within eight business days after the administration begins and is expected to take place on 1 May 2019. | 16/04/2019 |
The company requests a continuation of the voluntary suspension of its securities to enabl the company to continue its efforts to secure the provision of additional funding for the company and to continue the existing process to realise value from its Keysbrook mineral sands project. The suspension is expected to remain in place until an announcement is made, which is expected to be 19 April 2019. | 05/04/2019 |
The securities of MZI Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MZI, pending the release of an announcement. | 19/03/2019 |
The suspension of trading in the securities of MZI Resources Limited will be lifted immediately following the release of an announcement regarding a capital raising and repayment of RCF Bridge facilities. Security Code: MZI | 27/10/2015 |
MZI Resources Ltd (MZI or the Company) is pleased to announce that it has received irrevocable commitments to subscribe for 106,837,381 ordinary fully paid shares in the capital of the Company at $0.40 per share (Placement). When combined with a $2 million share purchase plan to be offered to the Company's existing eligible shareholders, the capital raising will raise approximately $45 million. The Placement was joint lead managed by Argonaut Securities Pty Ltd and Bell Potter Securities Limited. | 27/10/2015 |
The Company expects to remain in suspension for a further period of approximately 48 hours. | 26/10/2015 |
The Annual General Meeting of the Shareholders will be held at 2.00pm (WST) on Tuesday, 24 November 2015 at: City West Receptions 45 Plaistowe Mews West Perth, Western Australia, 6005 | 23/10/2015 |
The company lodges its 2015 Annual Report. | 23/10/2015 |
The securities of MZI Resources Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: MZI | 21/10/2015 |
we understand that on or about this date the company consolidated its shares 1 for 40 | 27/11/2014 |
name changed from Matilda Zircon Limited | 06/09/2012 |
Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve 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. | 13/08/2020 |
delisted from the commencement of trading on 1 May 2020, pursuant to Listing rule 17.12. | 01/05/2020 |
we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for an unacceptably long period | 01/05/2020 |
The Voluntary Administrators advise that on Tuesday, 3 March 2020, MZI executed the Deed of Company Arrangement proposed at the second meeting of creditors held on Tuesday, 25 February 2020. Subsequently, Rob Kirman, Rob Brauer and Jason Preston were appointed as Deed Administrators. | 10/03/2020 |
The administrators provide an update. They have detailed the actions taken during the external administration. The administrators received nine expressions of interest and five non-binding indicative offers during the sale campaign for MZI's listed corporate shell. The administrators have now selected their preferred bidder and are currently negotiating the terms of a DOCA proposal with a view to provide a copy to creditors annexed to the Administrators' Report. The administrators expect to provide the Administrators' Report to creditors during the week ending 13 December 2019. The administrators also note the actions required to complete the external administration. They expect these actions will be completed within the next 12 months, however, noting the uncertainty of the result of the second meeting, are unable to confirm the exact expected time to completion. | 09/12/2019 |
ASIC has granted relief to MZI to defer the period during which MZI is required to provide the following financial reports: financial year accounts for the period ending 30 June 2019; and financial year or half-year accounts of MZI for periods ending during the deferral period. The deferral period commences on the date of the relief instrument and ends on the earlier of: 30 June 2020; the date on which a disclosure document is lodged with ASIC in relation to any offer for issue or sale of securities that needs disclosure to investors; the date on which MZI is reinstated to quotation by ASX; or the date that MZI ceases to be under external administration. MZI must now hold its AGM within the 2 months after the deferral period expires. | 31/10/2019 |
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 voluntary administrators of the company have executed an agreement with Doral Mineral Sands for the sale of the Keysbrook Mineral Ssands Mine and associated assets for a value of approximately $32M plus future landowner debt obligations. The sale includes: 100% of the shares in Keysbrook Leucoxene Pty Ltd and all freehold property held by Keysbrook Property Pty Ltd and MZI relating to Keysbrook. | 28/06/2019 |
Rob Kirman, Rob Brauer and Jason Preston were appointed voluntary administrators of MZI Resources Limited by RMB Resources Limited. The Administrators' appointment relates only to the listed entity, MZI, and does not extend to any of its wholly owned subsidiaries, their operations, or the Keysbrook Mineral Sands Mine which all continue unaffected. The Administrators intend to continue operating MZI on a "˜business as usual' basis while options for the sale and/or recapitalisation of the business are explored. A first statutory meeting of creditors must be held within eight business days after the administration begins and is expected to take place on 1 May 2019. | 16/04/2019 |
The company requests a continuation of the voluntary suspension of its securities to enabl the company to continue its efforts to secure the provision of additional funding for the company and to continue the existing process to realise value from its Keysbrook mineral sands project. The suspension is expected to remain in place until an announcement is made, which is expected to be 19 April 2019. | 05/04/2019 |
The securities of MZI Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MZI, pending the release of an announcement. | 19/03/2019 |
The suspension of trading in the securities of MZI Resources Limited will be lifted immediately following the release of an announcement regarding a capital raising and repayment of RCF Bridge facilities. Security Code: MZI | 27/10/2015 |
MZI Resources Ltd (MZI or the Company) is pleased to announce that it has received irrevocable commitments to subscribe for 106,837,381 ordinary fully paid shares in the capital of the Company at $0.40 per share (Placement). When combined with a $2 million share purchase plan to be offered to the Company's existing eligible shareholders, the capital raising will raise approximately $45 million. The Placement was joint lead managed by Argonaut Securities Pty Ltd and Bell Potter Securities Limited. | 27/10/2015 |
The Company expects to remain in suspension for a further period of approximately 48 hours. | 26/10/2015 |
The Annual General Meeting of the Shareholders will be held at 2.00pm (WST) on Tuesday, 24 November 2015 at: City West Receptions 45 Plaistowe Mews West Perth, Western Australia, 6005 | 23/10/2015 |
The company lodges its 2015 Annual Report. | 23/10/2015 |
The securities of MZI Resources Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: MZI | 21/10/2015 |
we understand that on or about this date the company consolidated its shares 1 for 40 | 27/11/2014 |
name changed from Matilda Zircon Limited | 06/09/2012 |
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Hi,
What are my rights as a shareholder - ex now since delisted? I have not seen any correspondence on the matter. What if anything am I entitled to?/ How do I know this has been managed appropriately?
Regards
| 15/07/2020 22:48:26 |
DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
---|---|---|---|---|---|
11/05/2015 | Malcolm Randall | On market | 50,000 | $0.401 | $20,055 |
21/04/2015 | Malcolm Randall | On market | 50,000 | $0.415 | $20,761 |
24/03/2015 | Steve Ward | On market | 90,000 | $0.342 | $30,752 |
20/03/2015 | Malcolm Randall | On market | 50,000 | $0.335 | $16,735 |
17/03/2015 | Malcolm Randall | On market | 41,625 | $0.335 | $13,958 |
NAME | TITLE | DATE OF APPT |
---|---|---|
Martin Purvis | Managing Director, CEO | 01/07/2017 |
John Westdorp | CEO | 22/06/2015 |
Michael Ferraro | COO | 08/04/2015 |
Malcolm Randall | Non Exec Director | 05/05/2009 |
Peter Gazzard | Executive | 02/11/2004 |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
Ronnie Beevor | Non Exec Director | 15/04/2016 | 16/04/2019 |
Albert Zhou | Non Exec Director | 08/03/2018 | 16/04/2019 |
Rod Baxter | Independent Director | 30/04/2015 | 29/03/2019 |
Maree Arnason | Independent Director | 22/05/2015 | 29/03/2019 |
Nathan Wong | Non Exec Director | 08/03/2010 | 18/03/2019 |
Steve Ward | Non Exec Director | 01/03/2015 | 27/12/2017 |
Trevor Matthews | Managing Director | 02/05/2012 | 07/11/2016 |
Keith Vuleta | CFO | 15/05/2009 | 10/12/2014 |
Ildiko Wowesny | Investor Relations | 06/03/2012 |
Date of first appointment, title may have changed.
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