Bellanhouse mining and resources clients have experienced a strong start to the 2019-2020 financial year, with over $130m secured from capital raisings and corporate bonds.
With the Annual General Meeting (AGM) season soon to arrive, we would like to remind listed companies with a 30 June year end of the requirement to hold their AGM by 30 November 2019 and to set out some of the considerations that should be taken into account in preparing the notice of AGM.
The recently published decision of Farrell J in Re Gazal Corporations Ltd  FCA 701, has led to novel principles scrutinising the actions of directors who are entitled to receive bonuses and benefits in relation to schemes of arrangement. We review four recent decisions, their impact and future considerations for directors in regards to bonuses and benefits in schemes.
This week the finalists of the Lawyers Weekly Australian Law Awards 2019 were revealed and Bellanhouse was shortlisted in two categories.
Mont Royal Resources Limited commenced trading on the ASX on 7 May 2019 after its successful $5m IPO. This is only the second WA exploration company to list this year, following African Gold Limited in February. Both companies were advised by Bellanhouse.
A Discussion Paper for the new Aboriginal Heritage legislation was released earlier this month by the WA Minister for Aboriginal Affairs proposing the replacement of the current Aboriginal Heritage Act 1972 (WA) with “modern” heritage legislation, providing for a new land use proposal and approvals framework. If implemented as proposed, the new legislation will have significant implications for how mining and resource industry land users manage Aboriginal Heritage risk.
Following a record year of nominations, Bellanhouse is delighted to be announced as finalists again in the Australasian Law Awards 2019.
We are delighted to announce the winners of our raffle to raise funds for Youth Focus as part of our sponsorship of the Hawaiian Ride for Youth 2019.
Bellanhouse recently advised Nzuri Copper Limited (Nzuri) (ASX: NZC) on its entry into a Scheme Implementation Deed with Xuchen International Limited (Chengtun Bidder), a subsidiary of Chengtun Mining Group Co., Ltd (together, Chengtun Group).
The ASX released a public consultation paper in November 2018 proposing a raft of changes to the ASX Listing Rules and associated Guidance Notes. We explain how the proposed amendments will affect backdoor listings and in particular pre-emptive capital raisings and loans.
The Hawaiian Ride for Youth is an annual WA charity event held over 4.5 days, with riders cycling from Albany or Geraldton to Perth to raise funds and awareness for Youth Focus. Bellanhouse is proud to sponsor the Hawaiian Ride for Youth in 2019 with a team of five riders participating this year.
Earlier this week, the ASX proposed strong action against Hardey Resources Limited (ASX: HDY) (Hardey or Company), proposing to de-list the Company. The move comes following a string of query letters issued by ASX in connection with two recent acquisitions by Hardey of Nelly Vanadium Pty Ltd (Nelly Vanadium) and Vanadium Mining Pty Ltd (Vanadium Mining).
On 4 December 2018, ASX released a compliance update, which includes a revised Information Forms and Checklist (IFC) – being the form used to accompany an entity’s listing application. The IFC is used in the context of both initial public offers (IPOs) and backdoor listings.
We would like to take this opportunity to remind you of the requirement for listed companies with a 30 June year end to hold their Annual General Meeting (AGM) by 30 November 2018 and to set out some of the considerations that should be taken into account in preparing the notice of AGM.
Bellanhouse recently advised Black Dragon Gold Corp (Black Dragon) (ASX/TSXV: BDG) on its listing on the ASX and $6m capital raising. Black Dragon owns 100% of the Salave gold project in northern Spain, one of the largest undeveloped gold projects in Europe.