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07 November 2024
Name: | TOMBOLA GOLD LTD (TBA) | |||||||||
ISIN: | AU000000AMG5 | |||||||||
Date of Listing: | 03 May 2012 | |||||||||
Date of Delisting: | 29 August 2024 | |||||||||
Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2024.Legal Status:
ACN: 148 860 299ABN: 62 148 860 299
Registration Date: 19 January 2011
Capital Gains Tax (CGT) Status:
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
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.
Company | FROM | TO |
---|---|---|
TOMBOLA GOLD LTD | 31/05/2021 | |
AUSMEX MINING GROUP LIMITED | 15/05/2017 | 31/05/2021 |
EUMERALLA RESOURCES LIMITED | 15/05/2017 |
REGISTRY:
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2024 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025 | 29/08/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation. | 22/08/2024 |
The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date. | 10/07/2024 |
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. | 10/07/2024 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 09/07/2024 |
The company lodges the following reports: Quarterly Reports - March 2024, Quarterly Reports - December 2023, Quarterly Reports - September 2023 and Quarterly Reports - June 2023. | 23/05/2024 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 23/04/2024 |
The company lodges its Half Year Accounts - 31 Decemeber 2022. | 15/03/2024 |
At the second creditors' meeting on 9 October 2023, the creditors of Tombola Gold Ltd resolved to accept the Deed of Company Arrangement. On 27 October 2023, the DOCA was executed by Simon Cathro & Andrew Blundell, Goodsail Holdings Pty Ltd and the Company. Pursuant to the DOCA, Simon Cathro & Andrew Blundell have been appointed administrators of the DOCA. The Deed Administrators are responsible for the administration of the DOCA. The Company will remain in suspension through the deed administration process. | 21/11/2023 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation. | 22/08/2023 |
Rob Brauer and Jamie Harris were appointed Receivers and Managers of Tombola Gold on 15 May 2023. The Receivers and Managers are urgently assessing Tombola Gold's operations while options for the sale and/or recapitalisation of the business and assets subject to their appointment are explored. | 16/05/2023 |
Voluntary administrators were appointed. | 15/05/2023 |
Simon Cathro and Andrew Blundell were appointed as Joint and Several Administrators of the Company and its subsidiaries as of today's date. The current situation has largely been precipitated by the poor operational and financial results encountered via the GAM Plant, its mechanical failure, and the poor gold recovery rates experienced, with only circa 1g/t recovered from processing due to dilution being higher than anticipated based on the Company's pre-processing ore test results. Although the Company has been in active dialogue over the past months with a number of parties regarding a potential refinance of its debt facility or other corporate actions, an agreed path forward has failed to emerge. The Administrators will be undertaking an urgent assessment of the Company. A first statutory meeting of creditors must be held within eight business days of the appointment of the Administrators. | 14/05/2023 |
Final repayment of current secured debt facility agreed to be extended through to 9 May 2023. Company to undergo a Board and management restructure. | 27/04/2023 |
Asset Sale Agreement of September 2022 with True North Copper Pty Ltd mutually terminated. Option Agreement now executed with True North Copper Pty Ltd for purchase of Wynberg project. New transaction arrangements have been structured to provide settlement flexibility and better compliment the Company's existing projects. | 12/04/2023 |
Two further gold pours totalling 10.655kgs took place on 24 and 29 March 2023, realising 311.57 Ounces and $908,338 of gross revenue after refining at the Australian Bullion Company. Mill recoveries were at 93% over the month of March 2023, although gold recovery is lower than forecast, resulting in lower than predicted cash flow. | 11/04/2023 |
The Company's securities will remain in suspension until it satisfies a number of conditions to the satisfaction of the ASX. The Company is working towards the satisfaction of these conditions within a two (2) month timeframe. Gold processing at the GAM plant continues, with two (2) further gold pours scheduled over the next four (4) weeks, before the plant is decommissioned by 30 April 2023. The Company continues to progress discussions with numerous parties regarding refinancing arrangements to facilitate the discharge of the Company's current liabilities, including the $4.25m loan advanced on the terms outlined in the Company's release of 20 February 2023. Once the Company has finalised suitable arrangements, a further release will be made to the market. | 31/03/2023 |
Second gold pour of 9.66kgs took place on 4 March 2023, realising $724,000 of revenue (265.312 Ozs Au payable at a realised gold price was $2,743.25 / Oz Au) after refining at the Australian Bullion Company. Processing continued at GAM processing plant although further mechanical problems were experienced resulting in a 5-day shutdown with processing resuming on 6 March 2023. Mill recoveries were at 91% over the month, although gold production is lower than modelled, resulting in smaller than predicted cash flow. | 14/03/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an anouncement to the market regarding the Company's operational and funding plans, or the commencement of trading on Friday, 31 March 2023. | 10/03/2023 |
The company releases a notice of proposed issue of securities. | 21/02/2023 |
A new crusher has been mobilised to site and has recommenced crushing in order to rectify the fault encountered with the original crushing circuit in December. The Great Australian Mine CIP plant has also recommenced operations, with processing culminating in the first successful gold pour on 12 February 2023. Output from the first gold pour has now been successfully refined by the Australian Bullion Company, with the majority delivered to Ilwella Pty Ltd under the $500,000 pre-purchase arrangements previously announced. Processing at GAM continues, with the next gold pour on site currently scheduled for early March 2023. Gold prices have increased over the past months providing positive production pricing, however holding costs and overheads have continued to be incurred during the recent downtime period. Debt facility secured for $4.25m to facilitate the recommencement of production, and to provide the Company with working capital. Final payment of $3.5m for the Lorena CIL acquisition has been extended until 27 September 2023. | 20/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing at the Great Australian Mine plant, or the commencement of trading on Friday, 10 March 2023. | 17/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 17 February 2023. | 10/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 10 February 2023. | 03/02/2023 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 01/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 3 February 2023. | 31/01/2023 |
The company releases the results of its meeting. | 30/01/2023 |
The Company has prepared the announcement referred to in the previous Suspension Update of 20 January 2023, and provided a draft to the ASX on Wednesday 25 January 2023. The ASX subsequently requested further information on some of the matters covered by the proposed release, and the Company is presently in the process of addressing those matters. | 27/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Tuesday, 31 January 2023. | 27/01/2023 |
The Company has been in discussions with a number of parties regarding commercial arrangements to facilitate the recommencement of production at the GAM Plant. Negotiations have reached the point of draft binding agreements. On the basis of the progress made to date, the Company expects to be in position to make a detailed announcement, and re-commence trading on the ASX, next week. The Company's securities will remain in suspension until that occurs. | 20/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of a detailed announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 27 January 2023. | 20/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 20 January 2023. | 13/01/2023 |
The Company requests that the Voluntary Suspension of its securities remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 13 January 2023. | 06/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 6 January 2023. | 30/12/2022 |
The securities of Tombola Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding gold processing and commercial operations. | 22/12/2022 |
The suspension of trading in the securities of Tombola Gold Ltd will be lifted on 20 June 2022, following the release by TBA of an announcement regarding a material acquisition transaction. | 20/06/2022 |
Binding Term Sheet signed to acquire 100% of Lorena Mine and Processing Facility. The Lorena assets include fully permitted mining and exploration leases, the existing open cut gold and copper mine, a 250,000-300,000 Tonne per annum Gold / Copper processing plant, and permitted tailings storage facility. The Lorena acquisition enables Tombola to fast-track gold production in Q4, 2022 and to undertake studies for the optimisation of gold production. Acquisition structured to utilise Tombola's existing cash reserves and free cash flow generated by gold production starting Q4, 2022. Key acquisition terms: 50m shares in Tombola at an implied price of 6c (A$3m). A$5m cash with A$1m up front and balance over a six to nine month period. Acquisition subject to satisfactory due diligence activities, and Tombola shareholder approval at an EGM to be convened in late July 2022 in relation to the expected change in scale of the Company's activities as a result of the Acquisition. Gold production is expected to start at Lorena in Q4, 2022. | 20/06/2022 |
The securities of Tombola Gold Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding a material acquisition transaction. | 16/06/2022 |
The suspension of trading in the securities of Tombola Gold Ltd will be lifted immediately following the release by TBA of an announcement regarding a capital raising. | 10/05/2022 |
The company releases a notice of proposed issue of securities. | 10/05/2022 |
Tombola receives firm commitments to raise $10.5m (before costs) through a strongly supported placement to institutional and sophisticated investors, at an issue price of $0.06 per share, representing a 5% premium to the 15-day VWAP and 7.7% discount to last close price of $0.065. The placement was completed over a difficult 3 day period for the ASX and global markets, demonstrating strong commitment from institutional investors for Tombola. Tombola is now fully financed into initial gold production from its flagship Mt Freda Gold Mine in Q3, CY2022. Balance of proceeds to be used to progress copper, cobalt and gold exploration activities in Cloncurry and to commence a modern drilling campaign for Tombola's highly prospective South Australian copper projects. | 10/05/2022 |
The securities of Tombola Gold Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding a proposed capital raising. | 10/05/2022 |
The suspension of trading in the securities of Tombola Gold Ltd will be lifted immediately, following the release by TBA of an announcement regarding a capital raising. | 18/08/2021 |
The company releases a notice of proposed issue of securities. | 18/08/2021 |
The company has received commitments for a heavily oversubscribed $6 million placement before costs comprising 171,428,571 shares at a price of $0.035 per share. The Placement will take place in 2 Stages. In Stage 1, 80,000,000 shares will be allotted under Listing Rule 7.1 15% placement capacity with the balance subject to shareholder approval at an EGM to be called as soon as possible. Funds raised will be used to progress Tombola Gold from being an explorer to a gold producer. | 18/08/2021 |
The securities of Tombola Gold Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding a capital raising. | 18/08/2021 |
name changed from Ausmex Mining Group Limited | 31/05/2021 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2024 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025 | 29/08/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation. | 22/08/2024 |
The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date. | 10/07/2024 |
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. | 10/07/2024 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 09/07/2024 |
The company lodges the following reports: Quarterly Reports - March 2024, Quarterly Reports - December 2023, Quarterly Reports - September 2023 and Quarterly Reports - June 2023. | 23/05/2024 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 23/04/2024 |
The company lodges its Half Year Accounts - 31 Decemeber 2022. | 15/03/2024 |
At the second creditors' meeting on 9 October 2023, the creditors of Tombola Gold Ltd resolved to accept the Deed of Company Arrangement. On 27 October 2023, the DOCA was executed by Simon Cathro & Andrew Blundell, Goodsail Holdings Pty Ltd and the Company. Pursuant to the DOCA, Simon Cathro & Andrew Blundell have been appointed administrators of the DOCA. The Deed Administrators are responsible for the administration of the DOCA. The Company will remain in suspension through the deed administration process. | 21/11/2023 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation. | 22/08/2023 |
Rob Brauer and Jamie Harris were appointed Receivers and Managers of Tombola Gold on 15 May 2023. The Receivers and Managers are urgently assessing Tombola Gold's operations while options for the sale and/or recapitalisation of the business and assets subject to their appointment are explored. | 16/05/2023 |
Voluntary administrators were appointed. | 15/05/2023 |
Simon Cathro and Andrew Blundell were appointed as Joint and Several Administrators of the Company and its subsidiaries as of today's date. The current situation has largely been precipitated by the poor operational and financial results encountered via the GAM Plant, its mechanical failure, and the poor gold recovery rates experienced, with only circa 1g/t recovered from processing due to dilution being higher than anticipated based on the Company's pre-processing ore test results. Although the Company has been in active dialogue over the past months with a number of parties regarding a potential refinance of its debt facility or other corporate actions, an agreed path forward has failed to emerge. The Administrators will be undertaking an urgent assessment of the Company. A first statutory meeting of creditors must be held within eight business days of the appointment of the Administrators. | 14/05/2023 |
Final repayment of current secured debt facility agreed to be extended through to 9 May 2023. Company to undergo a Board and management restructure. | 27/04/2023 |
Asset Sale Agreement of September 2022 with True North Copper Pty Ltd mutually terminated. Option Agreement now executed with True North Copper Pty Ltd for purchase of Wynberg project. New transaction arrangements have been structured to provide settlement flexibility and better compliment the Company's existing projects. | 12/04/2023 |
Two further gold pours totalling 10.655kgs took place on 24 and 29 March 2023, realising 311.57 Ounces and $908,338 of gross revenue after refining at the Australian Bullion Company. Mill recoveries were at 93% over the month of March 2023, although gold recovery is lower than forecast, resulting in lower than predicted cash flow. | 11/04/2023 |
The Company's securities will remain in suspension until it satisfies a number of conditions to the satisfaction of the ASX. The Company is working towards the satisfaction of these conditions within a two (2) month timeframe. Gold processing at the GAM plant continues, with two (2) further gold pours scheduled over the next four (4) weeks, before the plant is decommissioned by 30 April 2023. The Company continues to progress discussions with numerous parties regarding refinancing arrangements to facilitate the discharge of the Company's current liabilities, including the $4.25m loan advanced on the terms outlined in the Company's release of 20 February 2023. Once the Company has finalised suitable arrangements, a further release will be made to the market. | 31/03/2023 |
Second gold pour of 9.66kgs took place on 4 March 2023, realising $724,000 of revenue (265.312 Ozs Au payable at a realised gold price was $2,743.25 / Oz Au) after refining at the Australian Bullion Company. Processing continued at GAM processing plant although further mechanical problems were experienced resulting in a 5-day shutdown with processing resuming on 6 March 2023. Mill recoveries were at 91% over the month, although gold production is lower than modelled, resulting in smaller than predicted cash flow. | 14/03/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an anouncement to the market regarding the Company's operational and funding plans, or the commencement of trading on Friday, 31 March 2023. | 10/03/2023 |
The company releases a notice of proposed issue of securities. | 21/02/2023 |
A new crusher has been mobilised to site and has recommenced crushing in order to rectify the fault encountered with the original crushing circuit in December. The Great Australian Mine CIP plant has also recommenced operations, with processing culminating in the first successful gold pour on 12 February 2023. Output from the first gold pour has now been successfully refined by the Australian Bullion Company, with the majority delivered to Ilwella Pty Ltd under the $500,000 pre-purchase arrangements previously announced. Processing at GAM continues, with the next gold pour on site currently scheduled for early March 2023. Gold prices have increased over the past months providing positive production pricing, however holding costs and overheads have continued to be incurred during the recent downtime period. Debt facility secured for $4.25m to facilitate the recommencement of production, and to provide the Company with working capital. Final payment of $3.5m for the Lorena CIL acquisition has been extended until 27 September 2023. | 20/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing at the Great Australian Mine plant, or the commencement of trading on Friday, 10 March 2023. | 17/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 17 February 2023. | 10/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 10 February 2023. | 03/02/2023 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 01/02/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 3 February 2023. | 31/01/2023 |
The company releases the results of its meeting. | 30/01/2023 |
The Company has prepared the announcement referred to in the previous Suspension Update of 20 January 2023, and provided a draft to the ASX on Wednesday 25 January 2023. The ASX subsequently requested further information on some of the matters covered by the proposed release, and the Company is presently in the process of addressing those matters. | 27/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Tuesday, 31 January 2023. | 27/01/2023 |
The Company has been in discussions with a number of parties regarding commercial arrangements to facilitate the recommencement of production at the GAM Plant. Negotiations have reached the point of draft binding agreements. On the basis of the progress made to date, the Company expects to be in position to make a detailed announcement, and re-commence trading on the ASX, next week. The Company's securities will remain in suspension until that occurs. | 20/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of a detailed announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 27 January 2023. | 20/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 20 January 2023. | 13/01/2023 |
The Company requests that the Voluntary Suspension of its securities remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 13 January 2023. | 06/01/2023 |
The Company requests that the Voluntary Suspension remain in place until the earlier of an announcement to the market regarding the gold processing and commercial operations, or the commencement of trading on Friday, 6 January 2023. | 30/12/2022 |
The securities of Tombola Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding gold processing and commercial operations. | 22/12/2022 |
The suspension of trading in the securities of Tombola Gold Ltd will be lifted on 20 June 2022, following the release by TBA of an announcement regarding a material acquisition transaction. | 20/06/2022 |
Binding Term Sheet signed to acquire 100% of Lorena Mine and Processing Facility. The Lorena assets include fully permitted mining and exploration leases, the existing open cut gold and copper mine, a 250,000-300,000 Tonne per annum Gold / Copper processing plant, and permitted tailings storage facility. The Lorena acquisition enables Tombola to fast-track gold production in Q4, 2022 and to undertake studies for the optimisation of gold production. Acquisition structured to utilise Tombola's existing cash reserves and free cash flow generated by gold production starting Q4, 2022. Key acquisition terms: 50m shares in Tombola at an implied price of 6c (A$3m). A$5m cash with A$1m up front and balance over a six to nine month period. Acquisition subject to satisfactory due diligence activities, and Tombola shareholder approval at an EGM to be convened in late July 2022 in relation to the expected change in scale of the Company's activities as a result of the Acquisition. Gold production is expected to start at Lorena in Q4, 2022. | 20/06/2022 |
The securities of Tombola Gold Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding a material acquisition transaction. | 16/06/2022 |
The suspension of trading in the securities of Tombola Gold Ltd will be lifted immediately following the release by TBA of an announcement regarding a capital raising. | 10/05/2022 |
The company releases a notice of proposed issue of securities. | 10/05/2022 |
Tombola receives firm commitments to raise $10.5m (before costs) through a strongly supported placement to institutional and sophisticated investors, at an issue price of $0.06 per share, representing a 5% premium to the 15-day VWAP and 7.7% discount to last close price of $0.065. The placement was completed over a difficult 3 day period for the ASX and global markets, demonstrating strong commitment from institutional investors for Tombola. Tombola is now fully financed into initial gold production from its flagship Mt Freda Gold Mine in Q3, CY2022. Balance of proceeds to be used to progress copper, cobalt and gold exploration activities in Cloncurry and to commence a modern drilling campaign for Tombola's highly prospective South Australian copper projects. | 10/05/2022 |
The securities of Tombola Gold Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding a proposed capital raising. | 10/05/2022 |
The suspension of trading in the securities of Tombola Gold Ltd will be lifted immediately, following the release by TBA of an announcement regarding a capital raising. | 18/08/2021 |
The company releases a notice of proposed issue of securities. | 18/08/2021 |
The company has received commitments for a heavily oversubscribed $6 million placement before costs comprising 171,428,571 shares at a price of $0.035 per share. The Placement will take place in 2 Stages. In Stage 1, 80,000,000 shares will be allotted under Listing Rule 7.1 15% placement capacity with the balance subject to shareholder approval at an EGM to be called as soon as possible. Funds raised will be used to progress Tombola Gold from being an explorer to a gold producer. | 18/08/2021 |
The securities of Tombola Gold Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of TBA, pending the release of an announcement regarding a capital raising. | 18/08/2021 |
name changed from Ausmex Mining Group Limited | 31/05/2021 |
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DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
---|---|---|---|---|---|
30/11/2022 | Byron Miles | 2,000,000 | $0.027 | $54,000 | |
30/11/2022 | Rod Watt | 732,680 | $0.027 | $19,782 | |
29/04/2022 | Byron Miles | 2,992,381 | $0.020 | $58,506 | |
31/03/2022 | Byron Miles | 1,282,050 | $0.039 | $49,778 | |
27/12/2018 | Aaron Day | 15,000 | $0.065 | $975 |
NAME | TITLE | DATE OF APPT |
---|---|---|
Byron Miles | Executive Chairman, Managing Director | 01/02/2022 |
Andrew Reid | COO | 21/10/2021 |
Karl Schlobohm | Company Secretary |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
Rod Watt | Executive Director | 03/03/2022 | 23/04/2023 |
Trevor Coombe | Executive Director | 05/06/2020 | 20/04/2023 |
Samuel Kennedy | Non Exec Director | 13/10/2021 | 21/10/2022 |
Ken Stapleton | Executive Director | 10/06/2022 | 13/07/2022 |
Geoff Kidd | Executive Director | 09/05/2017 | 10/06/2022 |
Andrew Firek | Chairman | 09/05/2017 | 29/04/2022 |
Aaron Day | Managing Director | 01/07/2018 | 01/02/2022 |
Yosse Goldberg | Non Exec Chairman | 02/08/2017 | 12/04/2021 |
Matthew Morgan | Managing Director | 09/05/2017 | 05/06/2020 |
David Wheeler | Non Exec Director | 01/10/2014 | 01/08/2017 |
Nicole Fernandes | Non Exec Director | 06/05/2016 | 09/05/2017 |
James Hyndes | Non Exec Director | 03/05/2012 | 09/05/2017 |
Jack James | Non Exec Chairman | 03/05/2012 | 06/05/2016 |
Michael Hynes | Executive Director, CEO | 03/05/2012 | 24/07/2015 |
Date of first appointment, title may have changed.
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