CONVERGENT MINERALS LIMITED (ASX.CVG)

name changed to East West Energy Limited

At a meeting of shareholders held on the 16th of December 2016, all resolutions were passed by shareholders. Having met or waived the conditions precedent, the DOCA is effectuated and the creation of the creditors trust results in the creditors' claims against the company being extinguished and transferred to the creditors trust. The company has exited external administration and control of the company has passed to the company directors.

we understand that on or about this date the company consolidated its shares 1 for 10

The company lodges its Annual Report to shareholders.

The company releases a Letter to Shareholders regarding the Results of the 2015 AGM.

ASIC has granted an extension of the period within which the company must hold its 2016 AGM to the date that is 2 months after thie financial reporting deferral period provided by ASIC Instrument 16-0977 expires. The extension of time became necessary because the 2015 AGM will not be held until 16 December 2016. The deed administrator is advised that the company intends to hold the 2016 AGM as soon as practicable after the 2015 AGM is concluded.

The company provides an update on the consolidation of its shares.

At meeting of creditors, creditors resolved to approve that the DOCA be varied in accordance with the DOCA Amending Deed. Creditors also resolved to approve the deed administrator's remuneration. The DOCA Amending Deed was executed on 25 November 2016.

The company releases a notification of reorganisation of capital. Shareholders get 1 share for every 10 presently owned.

The company's AGM will be held at 10am (AEST) on 16 December 2016 at Berry Capital Group, Level 17, Australia Square, 264-278 George Street, Sydney NSW 2000.

On 9 November 2016, notices were issued to all known creditors of the company of a meeting of creditors of the company to be held at Level 16, 55 Clarence Street Sydney NSW 2000 on 18 November 2016 at 11:30 AM. The deed administrators also released its report to the creditors.

On 30 September 2016, the Deed Administrator and BCG E&P No 1 LLC agreed to extend the cut off date for completion of the DOCA to 16 December 2016.

The company releases a letter to its shareholders about the Annual Report Deferral.

The company releases its corporate governance statement.

The company lodges its half year report.

The company lodges its annual report.

DOCA was executed and commenced on 14 January 2016, and Alan Hayes and Christian Sprowles of Hayes Advisory were appointed Deed Administrators. The administrators have also executed the Creditors Trust Deed and a Heads of Agreement with BCG E&P No. 1 and Berry Capital Group dealing with the recapitalisation of the company on 14 January 2016.

The company provides an administration update about the creditors' resolutions discussed at the reconvened meetings of creditors.

Joint & Several administrators of the company advise that on 15 December 2015, notices were issued to all known creditors of the company of a reconvened second meeting of creditors of the company to be held at Level 16, 55 Clarence Street Sydney NSW 2000 on 22 December 2015 at 3:00 PM.

Administrators commenced an advertising campaign seeking interest in the ASX listed shell of the company.

The company and its subsidiary companies and their administrators entered into a Deed of Restructure, a Deed of Transfer and a Deed of Release with MH Gold Pty Ltd and Capri Tradin Pty LTd as trusted for The Capri Family Trust. The transfer of the Convergent Group's tenement interests to MH Gold Pty Ltd is subject to Ministerial approval. On effectuation of the transfers, the company will have no mining-related assets. At the concurrent second meetings of creditors of each of the companies of the Convergent Group, the Administrators reported to creditors to adjourn all the second meetings for up to 45 businses days.

The joint & several administrators of the company advise that on 13 October 2015, notices were issued to all known creditors of the company of a second meeting of creditors of the company to be held at Level 11, 66 King Street Sydney NSW 2000 on 20 October 2015 at 2:00PM.

The company lodges its administrators' report to its creditors.

The administrators have received notification that on or about 2 October 2015 applications for forfeiture of tenements were lodged by a third party with the W.A. Department of Mines and Petroleum.

Joint & Several Administrators of the Company advise that notices will be issued today to all known creditors of the company of a first meeting of creditors of the company to be held as follows: Level 11, 66 King Street Sydney NSW 2000 on 24 September 2015 at 11:00 AM.

administrators appointed

Convergent Minerals Limited ("Convergent") [ASX: CVG] has extended its voluntary suspension of its securities to conclude negotiations and documentation in relation to funding. These negotiations and documentation were expected to be finalised before the open of trading on 9 September 2015.

Convergent Minerals Limited ("Convergent") [ASX: CVG] has extended its voluntary suspension of its securities to continue with negotiations and documentation, which is expected to be finalised by 9 September 2015.

The securities of Convergent Minerals Limited (the "Company") will be suspended from quotation immediately under listing rule 17.2, at the request of the Company, pending the release of an announcement in relation to funding for the Mt Holland Project. Security Code: CVG

suspended re acquisition of Blackwood Coal