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23 April 2025
| Name: | SELWYN MINES LIMITED (SLN) |
| Date of Listing: | 30 June 2000 |
| Date of Delisting: | 29 August 2007 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2007.Legal Status:
ACN: 090 637 255ABN: 22 090 637 255
Registration Date: 29 November 1999
Deregistration Date: 17 May 2009
Capital Gains Tax (CGT) Status:
This entity was deregistered on 17 May 2009. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Computershare Sydney
6 Hope St Ermington NSW 2115
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 2 8235 8150
RegistryWebsite RegistryEmail
company is deregistered | 17/05/2009 |
Strike-Off Action is In Progress | 15/04/2009 |
delisted following failure to pay listing fee | 29/08/2007 |
receivers report that discussions continue with parties that have a strong interest in reconstructing the company | 20/07/2007 |
receivers advise that negotiations with the party interested in a restructure of the company have discontinued as the party's interest has dissipated - an alternative proposal is now being considered | 30/03/2007 |
receivers advise that negotiations with the party interested in a restructure of the company are proceeding only slowly | 15/01/2007 |
receivers advise they have advanced negotiations with the party interested in a restructure of the company | 06/10/2006 |
receivers confirm they are in discussions regarding the possible restructure of the company | 06/09/2006 |
receivers confirm they are now examining the feasibility of a restructure of the company with a party that had previously expressed an interest | 13/07/2006 |
receivers confirm they have finalised the realisation of the company's physical assets and are now examining the feasibility of a restructure of the company | 10/04/2006 |
receivers advise of delays in progressing a restructure of the company primarily due to the possibility of litigation to pursue certain recoveries - we understand this impediment has now been cleared - a restructure of course will require the acquiescence of the secured creditor, the unsecured creditors and the current shareholders and there is no guarantee that it will occur | 14/03/2006 |
we understand the potential timing of a possible restructure will not be clarified until the end of November 2005 | 17/10/2005 |
there are some complexities associated with the listed shell - the receivers will endeavour to reactivate an interest in the shell at an appropriate time | 09/02/2005 |
receiver advises there is no change to the position and there is unlikely to be for several months | 12/09/2004 |
receiver advises there is no change to the position as detailed on 19 February 2004 | 17/05/2004 |
receiver reports that all assets have been sold or are subject to sale - there will be a deficiency to the secured creditor and therefore no return to unsecured creditors or shareholders from the asset realisations - there remains an interest in a reconstruction and re-listing that may involve a Deed of Company Arrangement | 19/02/2004 |
Hillgrove and Grange advise they will not proceed with the proposed bid | 10/10/2003 |
Hillgrove and Grange advise they are considering the implications of the Ivanhoe Mines announcement of 30 September for their bid | 02/10/2003 |
Ivanhoe Mines announces that a newly formed subsidiary of Ivanhoe Australia has purchased all of the Selwyn copper-gold project's mining and exploration leases in Australia | 30/09/2003 |
Takeover Panel declines, for the moment, to conduct proceedings in relation to the application lodged by Hillgrove Gold and Grange Resources on 10 September 2003 | 25/09/2003 |
Hillgrove Gold and Grange Resources seek an order from the Takeover Panel that the receivers provide information to Selwyn directors about any proposal to purchase Selwyn assets and that the receivers be prevented from further negotiating on the sale until Selwyn directors are able to assess the legal status of any third party purchase | 10/09/2003 |
reports that receivers are currently negotiating to sell the Selwyn exploration and mining tenements to a third party | 08/09/2003 |
Hillgrove Gold and Grange Resources announce their intention to make an off-market takeover bid for the company | 06/09/2003 |
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29 | 25/08/2003 |
receiver advises the assets are in the process of being sold - it is unlikely the claims of the secured creditor will be met which does not augur well for unsecured creditors and shareholders - depending on the outcome of the administration of the subsidiaries (creditors' meetings coming up) the company will be returned to the control of directors, an administrator appointed or it will go into liquidation - it will be months and possibly longer before its fate is known | 10/07/2003 |
since 2 May 2003 we have made several requests to the company secretary Graeme Lindsay Hogan for information regarding developments | 24/06/2003 |
BankWest advises that a report from the receivers of Selwyn has raised questions over the bank's level of reserves, which may also impact on Selwyn's ability to deliver into its gold hedging facility | 20/02/2003 |
JP Cronin and PA Hennessy appointed administrators to company's wholly-owned subsidiaries Selwyn Operations Pty Limited and Selwyn Queensland Pty Limited | 22/01/2003 |
David Ross Beatty resigns as a director and chairman of the company | 10/01/2003 |
receivers and ASX confirm that they would be investigating the actions of the company's directors who sold substantial numbers of shares, a week or so before the company collapsed | 03/01/2003 |
BankWest has indicated that it will not release funds from the company's escrow account or proceeds from the sale of product to be used to pay creditors - as a result, the board is of the opinion that the company is insolvent (or likely to become so) and the bank appoints receivers (Garry Trevor and Peter Geroff of Ferrier Hodgson) who are now in possession of the assets of the company | 30/12/2002 |
receivers will continue to operate the mine and deliver into the gold hedging contracts while considering all available options | 30/12/2002 |
shares suspended from quotation while the company is in discussions with interested parties regarding future funding options | 24/12/2002 |
trading halt pending a company announcement | 20/12/2002 |
a number of directors announce to the market that they have sold their shares | 11/12/2002 |
company is deregistered | 17/05/2009 |
Strike-Off Action is In Progress | 15/04/2009 |
delisted following failure to pay listing fee | 29/08/2007 |
receivers report that discussions continue with parties that have a strong interest in reconstructing the company | 20/07/2007 |
receivers advise that negotiations with the party interested in a restructure of the company have discontinued as the party's interest has dissipated - an alternative proposal is now being considered | 30/03/2007 |
receivers advise that negotiations with the party interested in a restructure of the company are proceeding only slowly | 15/01/2007 |
receivers advise they have advanced negotiations with the party interested in a restructure of the company | 06/10/2006 |
receivers confirm they are in discussions regarding the possible restructure of the company | 06/09/2006 |
receivers confirm they are now examining the feasibility of a restructure of the company with a party that had previously expressed an interest | 13/07/2006 |
receivers confirm they have finalised the realisation of the company's physical assets and are now examining the feasibility of a restructure of the company | 10/04/2006 |
receivers advise of delays in progressing a restructure of the company primarily due to the possibility of litigation to pursue certain recoveries - we understand this impediment has now been cleared - a restructure of course will require the acquiescence of the secured creditor, the unsecured creditors and the current shareholders and there is no guarantee that it will occur | 14/03/2006 |
we understand the potential timing of a possible restructure will not be clarified until the end of November 2005 | 17/10/2005 |
there are some complexities associated with the listed shell - the receivers will endeavour to reactivate an interest in the shell at an appropriate time | 09/02/2005 |
receiver advises there is no change to the position and there is unlikely to be for several months | 12/09/2004 |
receiver advises there is no change to the position as detailed on 19 February 2004 | 17/05/2004 |
receiver reports that all assets have been sold or are subject to sale - there will be a deficiency to the secured creditor and therefore no return to unsecured creditors or shareholders from the asset realisations - there remains an interest in a reconstruction and re-listing that may involve a Deed of Company Arrangement | 19/02/2004 |
Hillgrove and Grange advise they will not proceed with the proposed bid | 10/10/2003 |
Hillgrove and Grange advise they are considering the implications of the Ivanhoe Mines announcement of 30 September for their bid | 02/10/2003 |
Ivanhoe Mines announces that a newly formed subsidiary of Ivanhoe Australia has purchased all of the Selwyn copper-gold project's mining and exploration leases in Australia | 30/09/2003 |
Takeover Panel declines, for the moment, to conduct proceedings in relation to the application lodged by Hillgrove Gold and Grange Resources on 10 September 2003 | 25/09/2003 |
Hillgrove Gold and Grange Resources seek an order from the Takeover Panel that the receivers provide information to Selwyn directors about any proposal to purchase Selwyn assets and that the receivers be prevented from further negotiating on the sale until Selwyn directors are able to assess the legal status of any third party purchase | 10/09/2003 |
reports that receivers are currently negotiating to sell the Selwyn exploration and mining tenements to a third party | 08/09/2003 |
Hillgrove Gold and Grange Resources announce their intention to make an off-market takeover bid for the company | 06/09/2003 |
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29 | 25/08/2003 |
receiver advises the assets are in the process of being sold - it is unlikely the claims of the secured creditor will be met which does not augur well for unsecured creditors and shareholders - depending on the outcome of the administration of the subsidiaries (creditors' meetings coming up) the company will be returned to the control of directors, an administrator appointed or it will go into liquidation - it will be months and possibly longer before its fate is known | 10/07/2003 |
since 2 May 2003 we have made several requests to the company secretary Graeme Lindsay Hogan for information regarding developments | 24/06/2003 |
BankWest advises that a report from the receivers of Selwyn has raised questions over the bank's level of reserves, which may also impact on Selwyn's ability to deliver into its gold hedging facility | 20/02/2003 |
JP Cronin and PA Hennessy appointed administrators to company's wholly-owned subsidiaries Selwyn Operations Pty Limited and Selwyn Queensland Pty Limited | 22/01/2003 |
David Ross Beatty resigns as a director and chairman of the company | 10/01/2003 |
receivers and ASX confirm that they would be investigating the actions of the company's directors who sold substantial numbers of shares, a week or so before the company collapsed | 03/01/2003 |
BankWest has indicated that it will not release funds from the company's escrow account or proceeds from the sale of product to be used to pay creditors - as a result, the board is of the opinion that the company is insolvent (or likely to become so) and the bank appoints receivers (Garry Trevor and Peter Geroff of Ferrier Hodgson) who are now in possession of the assets of the company | 30/12/2002 |
receivers will continue to operate the mine and deliver into the gold hedging contracts while considering all available options | 30/12/2002 |
shares suspended from quotation while the company is in discussions with interested parties regarding future funding options | 24/12/2002 |
trading halt pending a company announcement | 20/12/2002 |
a number of directors announce to the market that they have sold their shares | 11/12/2002 |
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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| William Howe | Managing Director | |
| Jon North | Non Exec Director | |
| Graeme Hogan | Executive Director, Company Secretary | |
| Gavin Daneel | Executive Director | |
| Peter Geroff | Administrator |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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