Latest news with #CorporationsAct2001
Hamilton Spectator
13 hours ago
- Business
- Hamilton Spectator
Issue of Shares and Cleansing Notice
TORONTO and PERTH, Australia, June 26, 2025 (GLOBE NEWSWIRE) — Further to the ASX announcement on 20 June 2025, Cygnus Metals Limited ('Cygnus' or the 'Company') advises that it has issued a total of 211,627,907 fully paid ordinary shares ('Shares') at A$0.086 each under Tranche 1 of the Placement, raising a total of A$18,200,000 (before costs). The Shares were issued under the Company's existing capacity under ASX Listing Rules 7.1 (126,702,591) and 7.1A (84,925,316). A further 1,162,790 Shares are intended to be issued under Tranche 2 of the Placement to Non-Executive Director Raymond Shorrocks, or his nominees, subject to receipt of shareholder approval at a general meeting to be held in August 2025. In addition, the Company has issued a total of 306,129 Shares to employees on conversion of 350,000 vested Performance Rights issued under the Company's previous Employee Securities Incentive Plan. Cygnus issued the Shares without disclosure under section 708A(5) of the Corporations Act 2001 (Cth) ('Act'). With reference to those Shares issued, in accordance with section 708A(6) of the Act, the Company gives notice under paragraph 708A(5)(e) that: As previously announced, the Company has ongoing exploration and drill programs at its Chibougamau Copper-Gold Project in Quebec and is awaiting assay results from its current drill program (which remains ongoing). The Company will announce its assay results when it is in a position to complete the collation and interpretation of all data and in accordance with its continuous disclosure obligations, the JORC Code and the ASX Listing Rules. This announcement has been authorised for release by the Board of Directors of Cygnus. About Cygnus Metals Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.
Cision Canada
30-05-2025
- Business
- Cision Canada
Bastion Mining Pte. Ltd. Acquires Ordinary Shares of Xanadu Mines Limited
SINGAPORE, May 29, 2025 /CNW/ - This news release is issued by Bastion Mining Pte. Ltd. (" Bastion") pursuant to the early warning requirements of Canada's National Instrument 62-104 and National Instrument 62-103 with respect to ordinary shares of Xanadu Mines Limited (the " Issuer"). Bastion announces that it has completed an arm's length private placement financing with the Issuer for A$17.2 million (the " Financing"). Pursuant to the Financing, Bastion was issued 286,829,633 ordinary shares of the Issuer (each, an " Ordinary Share") at an issuance price of A$0.06 per Ordinary Share. The Financing was completed in connection with an off-market bid publicly announced by Bastion on May 19, 2025 under Chapter 6 of the Corporations Act 2001 (Cth) (Australia) to acquire all of the Ordinary Shares in Xanadu (the " Offer") for the purposes of assisting the Issuer with meeting its corporate and joint venture funding obligations during the Offer period. Subject to the terms of the Offer, Xanadu shareholders will receive A$0.08 cash for each Ordinary Share in Xanadu held by Xanadu shareholders as at 7:00 p.m. (Australian Eastern Standard Time) on May 26, 2025. The Offer opened on May 28, 2025 and is scheduled to close at 7:00 p.m. (Australian Eastern Standard Time) on July 1, 2025 unless extended or withdrawn. Immediately prior to the Financing, Bastion had beneficial ownership and control over nil Ordinary Shares of the Issuer. Upon completion of the Financing, Bastion acquired beneficial ownership and control over 286,829,633 Ordinary Shares representing approximately 12.52% of the issued and outstanding Ordinary Shares of the Issuer on completion (on a non-diluted basis). Bastion acquired the Ordinary Shares for investment purposes. Bastion is controlled by Boroo Pte Ltd. (" Boroo") who holds 75% of Bastion's issued ordinary share capital. Boroo is a private Singapore-incorporated entity which invests in major gold projects internationally. The remaining non-controlling 25% of Bastion's issued ordinary share capital is held by the Issuer's director Ganbayar Lkhagvasuren. For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial and territorial securities legislation in connection with the Financing, please go to the Issuer's profile on the SEDAR+ website ( or contact Phillip Tan at [email protected]. Bastion has its registered office at 9 Straits View, #05-09, Marina One West Tower, Singapore, 018937.
Yahoo
30-05-2025
- Business
- Yahoo
Bastion Mining Pte. Ltd. Acquires Ordinary Shares of Xanadu Mines Limited
SINGAPORE, May 29, 2025 /CNW/ - This news release is issued by Bastion Mining Pte. Ltd. ("Bastion") pursuant to the early warning requirements of Canada's National Instrument 62-104 and National Instrument 62-103 with respect to ordinary shares of Xanadu Mines Limited (the "Issuer"). Bastion announces that it has completed an arm's length private placement financing with the Issuer for A$17.2 million (the "Financing"). Pursuant to the Financing, Bastion was issued 286,829,633 ordinary shares of the Issuer (each, an "Ordinary Share") at an issuance price of A$0.06 per Ordinary Share. The Financing was completed in connection with an off-market bid publicly announced by Bastion on May 19, 2025 under Chapter 6 of the Corporations Act 2001 (Cth) (Australia) to acquire all of the Ordinary Shares in Xanadu (the "Offer") for the purposes of assisting the Issuer with meeting its corporate and joint venture funding obligations during the Offer period. Subject to the terms of the Offer, Xanadu shareholders will receive A$0.08 cash for each Ordinary Share in Xanadu held by Xanadu shareholders as at 7:00 p.m. (Australian Eastern Standard Time) on May 26, 2025. The Offer opened on May 28, 2025 and is scheduled to close at 7:00 p.m. (Australian Eastern Standard Time) on July 1, 2025 unless extended or withdrawn. Immediately prior to the Financing, Bastion had beneficial ownership and control over nil Ordinary Shares of the Issuer. Upon completion of the Financing, Bastion acquired beneficial ownership and control over 286,829,633 Ordinary Shares representing approximately 12.52% of the issued and outstanding Ordinary Shares of the Issuer on completion (on a non-diluted basis). Bastion acquired the Ordinary Shares for investment purposes. Bastion is controlled by Boroo Pte Ltd. ("Boroo") who holds 75% of Bastion's issued ordinary share capital. Boroo is a private Singapore-incorporated entity which invests in major gold projects internationally. The remaining non-controlling 25% of Bastion's issued ordinary share capital is held by the Issuer's director Ganbayar Lkhagvasuren. For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial and territorial securities legislation in connection with the Financing, please go to the Issuer's profile on the SEDAR+ website ( or contact Phillip Tan at Bastion has its registered office at 9 Straits View, #05-09, Marina One West Tower, Singapore, 018937. SOURCE Bastion Mining Pte. Ltd. View original content: Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Austral Gold Announces 2025 Annual General Meeting Results
Sydney, Australia--(Newsfile Corp. - May 29, 2025) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company") advises that shareholders of the Company passed all resolutions in the Notice of Meeting dated 28 April 2025 at the General Meeting held today at 9:00am (AEST) by way of poll. As previously announced to the market on 14 April 2025, the Board resolved to appoint BDO Audit Pty Ltd as the Company's auditor, subject to shareholder approval at the Annual General Meeting. In accordance with the Corporations Act 2001(Cth), shareholders approved the appointment of BDO Audit Pty Ltd at today's Annual General Meeting. About Austral Gold Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets. For more information, please visit the Company's website at Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Release approved by the Joint Company Secretary, David Hwang. For additional information please contact: David HwangJoint Company SecretaryAustral Gold Limiteddavid@ 433 292 290 Jose BordognaChief Financial Officer and Joint Company SecretaryAustral Gold Limited 466 892 307 Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets. All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements. Austral Gold Limited Annual General Meeting Thursday, 29 May 2025 Results of Meeting The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2. Resolution details Instructions given to validly appointed proxies(as at proxy close) Number of votes cast on the poll(where applicable) ResolutionResult Resolution ResolutionType For Against Proxy'sDiscretion Abstain For Against Abstain* Carried /Not Carried 1 Adoption of the Remuneration Report Ordinary 18,392,51086.56% 2,757,91912.98% 97,8740.46% 281,370,183 18,490,38487.02% 2,757,91912.98% 281,370,183 Carried 2 Re-election of Director - Mr Eduardo Elsztain Ordinary 301,835,63699.75% 620,5220.21% 124,8740.04% 59,028 302,560,51099.80% 620,5220.20% 59,028 Carried 3 Re-election of Director - Mr Saul Zang Ordinary 301,835,75599.77% 575,8290.19% 124,8740.04% 103,602 302,560,62999.81% 575,8290.19% 103,602 Carried 4 Re-election of Director Mr Pablo Vergara Del Carril Ordinary 301,829,50099.77% 575,3840.19% 124,8740.04% 110,302 302,554,37499.81% 575,3840.19% 110,302 Carried 5 Re-election of Director - Mr Robert Trzebski Ordinary 301,880,05599.79% 524,8290.17% 124,8740.04% 110,302 302,604,92999.83% 524,8290.17% 110,302 Carried 6 Re-election of Director - Mr Ben Jarvis Ordinary 301,920,52699.80% 491,0580.16% 124,8740.04% 103,602 302,645,40099.84% 491,0580.16% 103,602 Carried 7 Appointment of BDO Audit Pty Ltd Ordinary 306,271,06599.80% 471,0200.15% 149,6380.05% 159,532 307,020,70399.85% 471,0200.15% 159,532 Carried 8 Grant of Security Interest (As part of a Loan Agreement) to a Substantial Holder and Related Party Ordinary 18,192,51284.40% 3,213,69014.91% 149,6380.69% 281,084,220 18,942,15085.50% 3,213,69014.50% 281,084,220 Carried 9 Approval of 10% Capacity to Issue Equity Securities Special 297,945,15599.57% 1,135,5270.38% 149,6380.05% 3,409,740 298,694,79399.62% 1,135,5270.38% 3,409,740 Carried * Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Guardian
19-02-2025
- Business
- The Guardian
Whyalla steelworks placed in administration after South Australia rushes legislation to secure its future
The Whyalla steelworks has been placed into administration after the South Australian government rushed legislation through parliament. The move allows the government to act on millions of dollars in debts owed by GFG Alliance and secure the future of the mid-north operations. Standing orders were suspended in parliament on Wednesday for legislation to pass the lower and upper houses. 'GFG is no longer running the steelworks,' South Australia's premier, Peter Malinauskas, said. GFG has been under intense pressure from the SA government to pay debts to creditors of the Whyalla steelworks and the government, including $15m to SA Water. 'For months, my government has been carefully planning a strategy to address the challenges unfolding at the Whyalla steelworks,' the premier said. 'Throughout that period, we gave GFG every opportunity to make good on its promises and to bring creditors back into terms. It has failed to do so.' 'So today, we have acted. GFG is no longer running the Whyalla steelworks and associated mines.' The steelworks is now in the hands of an administrator to stabilise operations and explore a possible sale to a new owner. The state has appointed KordaMentha as an administrator of OneSteel Manufacturing Pty Ltd under section 436C of the Corporations Act 2001. OneSteel is part of the GFG corporate group and is the legal entity that owns and operates the Whyalla steelworks and associated mines. KordaMentha has advised the state government it intends to appoint an experienced special adviser to assist the administration and is engaging with parties including BlueScope. 'This is a significant step, and one we do not take lightly,' Malinauskas said. 'But it is a necessary one to secure the long-term future of Whyalla.' The move comes after months of uncertainty at the steelworks, and reassurances from its chairman, UK billionaire Sanjeev Gupta. Last Friday, Gupta said a debt settlement deal had been reached with creditors of global financier Greensill Capital, which had advanced billions of dollars in credit to GFG before it collapsed in 2021. This week, he said the steelworks was turning over $13-14m a week and hoped to be breaking even by mid-year. The company announced in January that the plant had cast its first steel following a four-month shutdown that halted production and cost the company millions. The state opposition leader, Vincent Tarzia, said the government was in chaos and that Malinauskas was scrambling because he had allowed the situation to spiral. 'The government has known the full extent of this issue for over six months, and now at one minute to midnight, he is securing his position, leaving families and businesses in Whyalla on the brink,' Tarzia said. 'Peter Malinauskas has just fired a cannonball through the heart of the South Australian economy and left a mess for future generations to clean up.'
