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MZI RESOURCES LTD (MZI)

Delisted from ASX 01/05/2020

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
MZI RESOURCES LTD06/09/2012
MATILDA ZIRCON LIMITED21/07/200906/09/2012
OLYMPIA RESOURCES LIMITED21/07/2009

Shareholder links

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

 

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

Company details

ISIN: AU000000MZI8
Address: Level 2, 100 Royal Street EAST PERTH WA 6004
Tel:  (08) 9328 9800 Fax: (08) 9328 9911

Date first listed: 26/08/2004
Company Secretary: John Traicos
Sector: Materials
Industry Group: XMJ
Activities: Mineral sands production and development
OFX Transferring Money Internationally to Free

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

ASX Announcements (courtesy of ASX)

 

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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

Company Updates

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    11/05/2015Malcolm RandallOn market50,000$0.401$20,055
    21/04/2015Malcolm RandallOn market50,000$0.415$20,761
    24/03/2015Steve WardOn market90,000$0.342$30,752
    20/03/2015Malcolm RandallOn market50,000$0.335$16,735
    17/03/2015Malcolm RandallOn market41,625$0.335$13,958

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Martin PurvisManaging Director, CEO01/07/2017
    John WestdorpCEO22/06/2015
    Michael FerraroCOO08/04/2015
    Malcolm RandallNon Exec Director05/05/2009
    Peter GazzardExecutive02/11/2004

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Ronnie BeevorNon Exec Director15/04/201616/04/2019
    Albert ZhouNon Exec Director08/03/201816/04/2019
    Rod BaxterIndependent Director30/04/201529/03/2019
    Maree ArnasonIndependent Director22/05/201529/03/2019
    Nathan WongNon Exec Director08/03/201018/03/2019
    Steve WardNon Exec Director01/03/201527/12/2017
    Trevor MatthewsManaging Director02/05/201207/11/2016
    Keith VuletaCFO15/05/200910/12/2014
    Ildiko WowesnyInvestor Relations06/03/2012

    Date of first appointment, title may have changed.