ORINOCO GOLD LIMITED (ASX.OGX)

liquidators report that due to the quantum of unsecured debt in the administration, there will be no return to shareholders if and when the transaction detailed in their last ASX announcement is completed - accordingly a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 2 June 2020)

liquidators summarise the position: the Deed Administrators had been seeking a restructure and recapitalisation of the Company via the ASX which would only be attractive if the Company was to receive a waiver from ASX Listing Rule 2.1, condition 2, known as the "2 cent waiver". Unfortunately recent changes to the ASX's exercise of discretion in relation to reporting and capital raising requirements meant the Company would no longer be eligible to receive the 2 cent waiver and as a consequence, no viable recapitalisation was possible. Creditors resolved to place the Company into liquidation on Friday, 22 May 2020 and the Deed Administrators became the Liquidators (i.e. Pitcher Partners).

liquidators appointed

delisted from the commencement of trading on 1 May 2020, pursuant to Listing rule 17.12.

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

In consideration for the sale of the Company's shares in OBM, the Company is to receive a release from the security held by CRH Purchasing Partner Inc. and 2,500,000 shares in BC Ltd. It was contemplated that BC Ltd would then subsequently complete a reverse takeover of a TSXV listed entity, following the raise of further funds to update and further commercialise the Brazilian Assets. It is now understood that Canadian explorer, Pacific Arc Resources Ltd (Pacific Arc) (NEX: PAV H) has entered into a letter of intent with BC Ltd for a proposed reverse takeover transaction to acquire OGX's Brazilian gold production and exploration assets. Following successful completion of the Transaction, the Company will significantly reduce its indirect ownership of the Brazilian Assets, as it will be left with approximately 1.5% of the issued share capital in Pacific Arc. The ASX has recently advised that the Company will now be delisted from the ASX on 1 May 2020 as a result of its failure to comply with its ongoing financial reporting requirements. In light of the above developments, the Deed Administrators will be convening a meeting of creditors of the Company in early May 2020 to terminate the Deed of Company Arrangement dated 22 May 2019 and place the Company into voluntary liquidation.

The deed administrators are currently negotiating a restructure and recapitalisation proposal with Chancery Asset Management. Under this, the proponent is to provide a loan of AUD$1.6M (of which AUD$350K has been received to date) to the company, which may be convertible into equity (subject to shareholder approval), and will be used to meet the ongoing costs of the external administration and to maintain and preserve the value of the group's operations in Brazil. There is to be a restructure of the Gold Stream Agreement to defer and reduce the repayments to a commercially viable and manageable level given the group's current situation and status of its operations. The company will need to undertake a further capital raising to generate further funds to enable the group to continue its operations. Various shareholders have expressed concerns about the conduct of the former board of directors. In this regard, the deed administrators request that any alleged breaches/offences will be dealt with and further investigated after the proposed DOCA process has run its course.

At the second meeting of creditos held today, 22 May, 2019, creditors resolved that the company execute a recapitalisation DOCA. The DOCA has since been executed and that Mr. Daniel Bredenkamp and Bryan Hughes were appointed joint and several deed administrators of the company effective today. The DOCA will allow further time to further investigate the company's business, property and affairs and to explore the possibility of a restructure and/or recapitalisation of the company.

The first meeting of creditors was held on Wednesday, 17 April 2019. At the meeting, the creditors ratified the appointment of the Administrators and elected to appoint a Committee of Creditors.

The postponed general meeting of shareholders will be cancelled until further notice whilst the administrators consider the restructuring options available to the company. The company has relied on deferral relief under the ASIC Corporations Instrument 2015/251 which provides relief in respect of the company's obligation to prepare, lodge and have audited its half-year financial report and directors' report in respect of the period ending 30 June 2019 and its full-year financial report and directors' report in respect of the period ending 31 December 2019 for a period of up to six months from the date of the appointment of the administrators.

The general meeting of shareholders scheduled to be held on Thursday, 11 April 2019 will be postponed for 3 weeks to 2 May 2019 whilst the administrators consider the restructuring options available to the Company.

Daniel Bredenkamp and Bryan Hughes were appointed joint and several administrators of the company. The purpose of the administration is to implement a restructure of the Company's fi nances and ownership. The ultimate purpose of the restructure is to recapitalise the Brazilian operations so they may reach their full potential.

Following ASX's decision to suspend the company's shares from trading on 2 April 2019, the rights issue offer outlined in its 28 March 2019 prospectus has been withdrawn and will not proceed on its current terms.

The securities of Orinoco Gold Limited will be suspended from quotation under Listing Rule 17.3, as ASX has determined that OGX's financial condition is not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.2. The suspension will continue until OGX is able to demonstrate compliance with Listing Rule 12.2.

The suspension of trading in the securities of Orinoco Gold Limited will be lifted following the release by OGX of an announcement regarding results of tailings processing.

The company releases a further tailings results and update. 80t tailings sample program concluded in December 2018 produced 0.3 g/t gold average. Samples were re-processed at the Company's Cascavel processing plant and grade calculated based on recovery as part of an incomplete and ongoing review of tailings. Decision not to re-process any further tailings material through the Cascavel plant taken by new management.

The company's securities will remain in suspension pending the release of an announcement regarding results of tailings processing. The competent person for the report is currently in transit and the company has been unable to obtain their consent prior to lodgement. The announcement is expected to be released prior to market open on 1 April 2019.

The company's securities will remain in suspension pending the release of an announcement regarding results of tailings processing. An announcement is expected to be released prior to market opn on 29 March 2019.

The company releases a letter to option holders abouit its renounceable entitlement issue.

The company issues an entitlement issue prospectus for a renounceable entitlement issue of nineteen (19) Shares for every ten (10) Shares held by those Eligible Shareholders registered at the Record Date at an issue price of $0.002 per Share to raise up to $5,410,739. The Offer is fully underwritten by Empire Capital Partners Pty Ltd.

Orinoco offers a renounceable entitlement issue of nineteen (19)shares for every ten (10) shares held by eligible shareholders to raise up to $5,410,739 at a price of $0.002 per share. Entitlement offer is fully underwritten. AngloGold Ashanti to take up their Entitlement and further sub-underwrite up to a maximum holding of 19.90% (approximately A$1.4m). Shareholders may apply for additional new shares in excess of their entitlement.

The securities of Orinoco Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OGX, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Orinoco Gold Limited ("˜OGX') will be lifted following the release by OGX of an announcement regarding a capital raising

Pursuant to ASX Listing Rule 17.2, Orinoco Gold Limited (Company) requests an extension to the voluntary suspension of its securities from ASX, continuing from 2 January 2019

Pursuant to ASX Listing Rule 17.2, Orinoco Gold Limited (Company) requests an extension to the voluntary suspension of its securities from ASX, continuing from 28 December 2018

Pursuant to ASX Listing Rule 17.2, Orinoco Gold Limited (Company) requests an extension to the voluntary suspension of its securities from ASX, continuing from 21 December 2018

The securities of Orinoco Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OGX, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Orinoco Gold Limited will be lifted immediately following the release by OGX of an announcement regarding a capital raising.

$665,200 was raised in a share placement at an issue price of 1.35 cents per share plus a free unlisted option on a 1 for 1 basis exercisable at 3 cents. $520,000 raised via a convertible loan to Directors.Cartesian Royalty Holdings payment of 1,000 ounces of gold completed taking total payment to 3,300 ounces as per the agreement. Company has engaged with an experienced metallurgist who is expected on site this week . Discussions with AngloGold Ashanti have resumed on both our exploration tenements and the Cascavel mine of up to approximately AUD$28 million.

The company requests that the voluntary suspension continue until it can make an announcement to the market. The company anticipates being in a position to make an announcement by Tuesday, 20 November 2018.

The securities of Orinoco Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OGX, pending the release of an announcement regarding a potential capital raising

The securities of Orinoco Gold Limited will be reinstated to official quotation immediately following the release of an announcement.

The company has raised $12.1 million via the placement of 115,891,876 fully paid ordinary shares lus a free OGXOD listed option on a 1 for 3 basis exercisable at 11 cents, expiring 31 January 2020.

The company requests an extension of voluntary suspension of its securities effective from the commencement of trading on 22 March 2018, pending finalisation of an announcement by the company regarding a potential capital raising.

The securities of Orinoco Gold Limited will be suspended from quotation immediately, at the request of the Company pending the release of an announcement regarding a proposed capital raising.

The securities of Orinoco Gold Limited will be reinstated to official quotation immediately following the release of an announcement.

The company announces a re-organization of its board and management, cost cutting of its non-mining overhead and a focus back on high grade gold production.

The securities of Orinoco Gold Limited will be suspended from quotation immediately, at the request of the Company pending the release of an announcement regarding a proposed capital raising.

The securities of Orinoco Gold Limited will be reinstated to official quotation immediately following the release of an announcement.

The company continues to make strong progress with the resumption of operations at its 100%-owned Cascavel Gold Mine in Brazil.

The company releases the results of its meeting.

The securities of Orinoco Gold Limited will be suspended from official quotation immediately, at the request of the Company, pending the release of an announcement.

The suspension of trading in the securities of Orinoco Gold Limited will be lifted immediately following the receipt of an announcement in relation to a cornerstone investment and strategic exploration alliance.

The company has entered into an agreement with AngloGold which will see the leading global miner invest approximately A$5.9m and emerge with a stake of approximately 15 per cent in Orinoco at the completion of the entitlements offer and placement of shortfall. AngloGold will also enter into a US$9.5 million exploration joint venture on Orinoco's broader Faina Goldfields tenement portfolio, excluding the Cascavel Gold Mine.

The Board of Orinoco advises that it will be extending the closing date for the acceptance of applications for the non-renounceable entitlements issue to 10 February 2017 in order to allow eligible shareholders additional time to consider participation in the offer.

The company lodges its Quarterly Cashflow Report - December 2016.

The company lodges its Quarterly Activities Report - December 2016.

Regarding the non-renounceable entitlements issue , the Board of Orinoco advises that it will be extending the closing date for the acceptance of applications to 7 February 2017 in order to allow eligible shareholders additional time to consider participation in the offer.

The Board of Orinoco advises that it will be extending the closing date for the acceptance of applications to 31 January 2017 in order to allow eligible shareholders additional time to consider participation in the offer related to the non-renounceable entitlements issue.

The company releases its Results of Meeting.

The company provides an operations update -- Gekko Systems and Mining Plus will be on site again in late January to further test assumptions being made in the resumption plan and to conduct further assessments of the need to add grinding capability to the comminution circuit; the new mine design has been largely completed and a modified mining method selected. As funds and personnel permit, the selected mining method and new explosives will be trialed in the current Quarter and detailed geotechnical input to the design refined in conjunction with these trials; negotiations with the mining company referred to in the ASX announcement dated 16 December 2016 have been delayed by the holiday period and the availability of staff at the company involved. Despite the delay, negotiations have continued to progress positively. Orinoco advises that these discussions are currently non-binding and it cautions that there can be no certainty that a transaction will result from these discussions.

The company issues a Response to ASX Appendices 3Y Query.

Orinoco Gold Limited is pleased to advise that dispatch of the Non-Renounceable Entitlements Offer Document and application form has been completed.

The company issues a notice to eligible shareholders, ineligible shareholders and option holders regarding the entitlements issue.

The company releases an entitlement issue prospectus For a non-renounceable entitlement issue of four (4) Shares for every seven (7) Shares held by those Shareholders registered at 5pm (WST) on 3 January 2017 (the Record Date) at an issue price of $0.07 per Share to raise up to $12,293,964 (less any amount offset against outstanding Convertible Loans) together with one (1) free Option exercisable at $0.11 on or before 31 January 2020 for every one (1) Share issued.

Notice is given that the general meeting will be held at 9am (WST) on Friday, 13 January 2017 at Country Womens Association 1176 Hay St. West Perth, Western Australia 6005.

The company provides an update. Orinoco Gold Limited is pleased to advise that it has received the results of extensive independent technical reviews of its 70%-owned Cascavel Gold Mine in Brazil which have concluded that the mine and plant issues experienced during start-up are common commissioning problems that can be readily fixed.

Tyranna Resources completes Jumbuck Gold Phase 2 drill program and acquires further 778 km strategic tenements. Orinoco reports that following recent site visits to Cascavel by SRK Consulting and Mining Plus, detailed technical reviews are currently underway to assist Orinoco with a review of the current status of the project and determine restarting operations.

The company provides an update on its 70%-owned Cascavel gold project in Brazil as well as corporate and funding arrangements.

Orinoco Gold Ltd advises that vesting conditions attached to the unlisted "Class B Performance Shares" have not been met and the aforementioned securities (10,000,000 in total) will be cancelled. Holders of the securities will shortly receive a letter providing further information.

Further to the announcement dated 2 November 2016 concerning the Notice of Expiry dispatched to holders of ASX listed "OGXOB" Options, the Company advises that the last trading day for these Options is 24 November 2016, subject to the lifting of voluntary suspension of the Company's securities.

The Company advises that the a letter was dispatched today to holders of ASX listed "OGXOB" listed options which expire on 30 November 2016.

The company lodges its Quarterly Activities Report - September 2016.

The company lodges its Quarterly Cashflow Report - September 2016.

Following completion of the first gold shipment from the Cascavel gold mine, the company has reviewed the performance of the processing plant and mine in the first two months of commissioning and operations. With bullion shipments well below expectations, the board and management have determined that it is in the best interest of all stakeholders to temporarily suspend operations, stand down non-essential staff and contractors while a full technical review is undertaken and the issues resolved. Also, the company entered into a gold stream financing arrangement in May 2015. The agreement contained several milestone/date based defaults that the company believes may be in danger of not being met should the sub-optimal recoveries and ore-scheduling issues not be quickly resolved or should the mine activities be temporarily suspended. The company and CRH have agreed to replace the milestone/date default clauses and the company believes it is close to reaching binding agreement on new terms, including a restructure of the gold stream to provide for a maximum period of up to 300 days in which to restart operations. It is the company's intent to recommence operations as soon as the issues hav been satisfactorily resolved. The company is also in discussions with shareholders and other parties regarding funding arrangements as well as negotiations with the 30% owners of Cascavel and other parties that include potential joint venture, partnering and financing arrangements in relation to the broader Faina Gold project.

The securities of Orinoco Gold Limited will be suspended from official quotation from the commencement of trade tomorrow, 12 October 2016, at the request of the Company, pending the release of an announcement.

The suspension of trading in the securities of Orinoco Gold Limited (the "Company") will be lifted immediately following the release of an announcement concerning a capital raising. Security Code: OGX

Orinoco Gold (ASX: OGX) is pleased to advise that it will seek to raise up to $6 million (Entitlement Offer plus Share Placement) to fund a major increase in production at its Cascavel gold project in Brazil.

Orinoco Gold Limited (ASX: OGX) is pleased to report that construction of the Gravity Circuit at its flagship Cascavel Gold Mine in central Brazil is proceeding according to schedule for first production early next year and that Cascavel mine development is continuing to deliver excellent grades from underground mine sampling. Importantly, consistent gold in advances from an exploration drive to the North of the Initial Mining Area, are expected to increase the size of the Initial Mining Area.

Orinoco Gold Limited advises that it continues to finalise the Company's proposed capital raising structure. The Company expects to be able to release an announcement regarding the capital raising before the commencement of trading on Thursday 17 December 2015.

Orinoco Gold Limited advises that it is finalising discussions with an institutional investor in regards to the Company's proposed capital raising. The Company expects to be able to release the announcement regarding the capital raising before the commencement of trading on Wednesday 16 December 2015.

The securities of Orinoco Gold Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: OGX

The suspension of trading in the securities of Orinoco Gold Limited will be lifted immediately following the release of an announcement regarding a funding package. ASX Code: OGX

The securities of Orinoco Gold Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: OGX

The suspension of trading in the securities of Orinoco Gold Limited (the "Company") will be lifted immediately, following release of an announcement regarding the Company's capital raising. Security Code: OGX OGXO

The securities of Orinoco Gold Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: OGX OGXO

The suspension of trading in the securities of Orinoco Gold Limited (the "Company") will be lifted immediately following the release of the Company's announcement concerning a capital raising. Security Code: OGX OGXO

Orinoco Gold Limited (ASX: OGX) (the Company) is pleased to announce a capital raising of up to $4 million to underpin the next key phase of exploration and development of its flagship Faina Goldfields Project in central Brazil, including plans to advance its high-grade Cascavel Gold Project. The capital raising comprises a Placement under ASX Listing Rule 7.1 and a non-renounceable Entitlement Issue to shareholders. Fully paid ordinary shares in the capital of the Company (Shares) will be offered at 10 cents per Share under the Placement and Entitlement Issue and subscribers will receive one (1) free attaching option (Option) for every two (2) Shares subscribed for under each issue.

The securities of Orinoco Gold Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: OGX OGXO

The suspension of trading in the securities of Orinoco Gold Limited (the "Company") will be lifted immediately, following the release of the Company" announcement regarding a $3.6 million placement. Security Code: OGX

Orinoco Gold Limited (ASX: OGX) is pleased to advise that it has received firm commitments for a placement of 14.5 million shares at 25 cents each to raise approximately $3.6M before costs (Placement) to underpin ongoing exploration programs at its Faina Goldfields Project in central Brazil. The share placement is being undertaken predominantly to institutional and high net worth clients of the Lead Manager, Canaccord Genuity (Australia) Limited (Canaccord). The offer was heavily oversubscribed, reflecting the significant level of market interest in the Company" recent discovery of high-grade silver at its Cascavel Project in central Brazil. Orinoco is continuing its initial assessment of this discovery and will provide the market with an update of planned follow-up activities, geological interpretations and timelines as soon as is practicable.

The securities of Orinoco Gold Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement

name changed from Strickland Resources Limited