SYMBOL MINING LIMITED (ASX.SL1)

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved 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.

delisted from the commencement of trading on Tuesday, 18 May 2021, 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 quotation for a continuous period of two years

The company lodges its Half Yearly Report and Accounts.

The company lodges its Full Year Statutory Accounts.

The company has received approval from ASIC to change its auditors. The company has now accepted the resignation of BDO Audit (WA) Pty Ltd and the consent of Hall Chadwick NSW to its appointment as the company's auditor.

All conditions precedent to the DOCA have been satisfied or waived. The DOCA has been wholly effectuated, and the Joint and Several Deed Administrators have resigned effective 8 February 2021. On effectuation of the DOCA, creditor claims against the company were replaced with a right to participate as beneficiaries of the Symbol Mining Creditors' Trust.

The company releases an Appendix 2A - Issue of New Shares.

The company lodges its 31 December 2020 Quarterly Report and Appendix 5B.

The company lodges its 30 September 2020 Quarterly Report and Appendix 5B.

The issued securities have been consolidated on a 2000 to 1 basis, as approved by shareholders. Notices to existing shareholders have been mailed to each shareholder on 29 January 2021.

The company lodges its 30 June 2020 Quarterly Report and Appendix 5B.

The company lodges its 31 March 2020 Quarterly Report and Appendix 5B.

The company provides an update on the consolidation of its securities. The reason for the update is the share registry delays.

we understand that on or about this date the company consolidated its shares 1 for 2000

The company releases the results of its general meeting.

The company lodges its 31 December 2019 Quarterly Report and Appendix 5B.

The company releases a notice of consolidation of its securities. Shareholders will get 1 share for every 2,000 presently owned.

The company's general meeting is to be convened at 11:00AM AWST on Tuesday 12 January 2021 at the offices of Pitcher Partners, Level 11, 12-14 The Esplanade, Perth, Western Australia.

The company lodges its 30 September 2019 Quarterly Report and Appendix 5B.

The company lodges its 30 September 2019 Quarterly Report and Appendix 5B.

The company lodges its Half Yearly Report and Accounts.

The following entity has not paid their annual listing fees in respect of the year ending 30 June 2021 but their securities are already suspended from official quotation.

The company lodges its 30 June 2019 Quarterly Report and Appendix 5B.

The Deed Administrators received two formal proposals for the recapitalisation of the Company. At the third meeting of creditors held on Friday 29 May 2020, creditors of the Company resolved to execute a varied DOCA with First Guardian Synergy Capital Pty Ltd, as DOCA proponent, to facilitate the recapitalisation of the Company and return to listing on the ASX. The varied DOCA was subsequently executed by Daniel Bredenkamp and Bryan Hughes and lodged with ASIC later that same day. It is anticipated a shareholders' meeting will be convened by the Company in the third quarter of CY2020 to consider the proposed share restructure and recapitalisation. The AGM will be postponed. An application for the extension to convene the AGM was filed on 29 May 2020.

On 11 May 2020, formal notice was received by the DOCA Proponent advising it has withdrawn its interest in completing a recapitalisation of the Company following recent confirmation that conditions precedent clauses 3.1.1(b) and 3.1.2(d) of the Recapitalisation DOCA executed 19 February 2020 could not be satisfied. The Deed Administrators are urgently seeking to identify a party who is interested in submitting a proposal to recapitalise the Company prior to the upcoming deadline to hold the Company's AGM. Should no proposals be forthcoming by Friday, 22 May 2020, the Company may be wound up in liquidation.

The DOCA was executed on 19 February 2020 and Daniel Bredenkamp and Bryan Hughes were appointed Joint and Several Deed Administrators of the company on that same day. It is anticipated a shareholders' meeting will be convened by the proponent in the second calendar quarter of 2020 to consider the proposed share restructure and recapitalisation. Shareholder approval is a pre-requisite to the completion of the DOCA. The DOCA is also conditional upon ASX and ASIC approval, including a waiver of ASX Listing Rule 2.1 which requires an entity's shares to be reinstated on the ASX at not less than 20 cents.

The administrators advise that on 13 September 2019, the company executed a share sale agreement with Noble Resource Limited for the sale of the company's shares in the Imperial Joint Venture. Completion of the transaction occurred that same day. As part of the consideration received pursuant to the SSA, the company received a nominal cash component and releases from the following liabilities: a partial reduction of the administrator's loan in the amount of US$300,000; release of the company's obligations to Noble and its associated entities; and release of the company's obligations pursuant to the Imperial joint venture agreement. The company has retained its 60% controlling interest in the Tawny joint venture. The administrators are now considering the potential recapitalisation of the company, and in this regard, expressions of interest are being sought from parties interested in submitting an offer to recapitalise the company.

The administrators have entered into a funding agreement with the company's largest shareholder, Noble Resources. Noble have advanced funds to enable the company to meet its ongoing operational expenses for a four-week period. The administrators are seeking expressions of interest from parties interested in acquiring all or part of the company's assets or in submitting a proposal for the recapitalisation and restructure of the company. The first meeting of creditors was held on 24 June 2019. Creditors ratified the appointment of the administrators and elected to appoint a committee of inspection. The administrators successfully applied to the Supreme Court for orders that the convening period to be extended to 11 October 2019.

Daniel Bredenkamp and Bryan Hughes were appointed Joint and Several Administrators on 12 June 2019. It is envisaged that the company will utilise the administration process to restructure its affairs and consolidate its financial position. The ultimate purpose of the restructure is to recapitalise the Nigerian operations so they may reach their full potential.

The results of the resolutions proposed at the AGM on 28 May 2019 are: Resolution 1 was conducted by a poll and was not carried; Resolution 2 was carried as an ordinary resolution on a show of hands; Resolution 3 was carried as a special resolution on a show of hands; and Resolutions 4 to 14 were carried as ordinary resolutions on a show of hands.

The extension of the voluntary suspension is sought to allow the company to negotiate and finalise a proposed debt restructure. The suspension is expected to remain in place until the release of an operational update and debt restructure announcement on or before the commencemenf of trading on 14 June 2019.

The securities of Symbol Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SL1, pending the release of an announcement regarding a debt restructure.

The suspension in trading of the quoted options (ASX Code: SL1O) of Symbol Mining Limited will be lifted from the commencement of trading on Thursday, 26 July 2018, following release of an Appendix 3B in relation to the Securities.

The quoted options of Symbol Mining Limited will be suspended from quotation immediately, Monday, 23 July 2018, in accordance with Listing Rule 17.2.

name changed from Swala Energy Limited