Key Developments: Guildford Coal Ltd (GUF.AX)

GUF.AX on Australia Stock Exchange

0.05AUD
31 Oct 2014
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$-0.00 (-6.00%)
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Latest Key Developments (Source: Significant Developments)

Guildford Coal Ltd does not declare final dividend
Tuesday, 30 Sep 2014 06:22pm EDT 

Guildford Coal Ltd:Says that no dividends were paid or declared for future payment during FY 2014.  Full Article

Guildford Coal Ltd announces board of directors update
Sunday, 28 Sep 2014 07:56pm EDT 

Guildford Coal Ltd:Says that as a result of Sino Construction Ltd intention to make conditional off-market takeover bid to acquire all of issued shares in the company, board and Wal King have resolved to delay appointment of King as chairman of Guildford until proposal has been determined.Says that Chris Munday will commence as acting CFO fromOct. 8.  Full Article

Guildford Coal Limited receives notice of intention of off market takeover
Wednesday, 24 Sep 2014 10:30pm EDT 

Guildford Coal Limited:Says that it has received notice that Sino Construction Ltd (Sino) intends to make a conditional off‐market takeover bid to acquire all of the issued shares in the company.  Full Article

Guildford Coal Ltd announces appointment of Chairman
Wednesday, 20 Aug 2014 08:00pm EDT 

Guildford Coal Ltd:Says that Wal King will be appointed as Non‐Executive Chairman of the Guildford Board from Sept. 29, 2014.  Full Article

Guildford Coal Ltd announces confirmation of shares issued under Entitlement Offer and placement
Thursday, 7 Aug 2014 10:00pm EDT 

Guildford Coal Ltd:Confirms that it has issued 41,666,667 new shares and attaching unlisted options offered under the underwritten, non renounceable pro rata entitlement offer announced on July 10, 2014.Holding statements have been dispatched and the new shares should commence trading on ASX on a normal settlement basis.Maiora Asset Management Pte. Ltd has also accepted a placement of 41,666,667 new shares at an issue price of $0.06 (together with 41,666,667 attaching unlisted options, exercisable at $0.06 until Nov. 7, 2014).Says these shares and options have also been issued.Says the completion of the Entitlement Offer and placement will result in Guildford receiving a total of $5 million.Says up to another $5 million may be received by Guildford by Nov. 7, 2014 if optionholders exercise their option.  Full Article

Guildford Coal Ltd announces non renounceable entitlement offer
Tuesday, 5 Aug 2014 08:00pm EDT 

Guildford Coal Ltd:Says that the underwritten, non renounceable pro rata entitlement offer announced on July 10, 2014 has concluded.Guildford received valid applications for 6,032,868 shares from shareholders under the Entitlement Offer.Says the remaining 35,633,799 shares will be subscribed for by Maiora Asset Management Pte Ltd each at the agreed price of $0.06 per share, which will result in Guildford receiving $2.5 million by the end of this week.  Full Article

Guildford Coal Ltd updates on offer to acquire Australian coal assets
Thursday, 31 Jul 2014 09:00pm EDT 

Guildford Coal Ltd:Says that it has reached agreement with Sino Construction Limited, a Singaporean company listed on the Main Board of the Singapore Exchange Securities Trading Limited, to enter into a term sheet, to acquire all of Guildford’s Australian coal assets.Says under the key terms Sino will acquire all of Guildford’s Australian coal assets, being the Clyde Park Project, Pentland Project, Springsure Project, Hughenden Project, Sunrise Project, Monto Project, Sierra Project and Kolan Project.Says the purchase price will consist of $25,000,000, payable by way of a non‐interest bearing convertible promissory note which matures six months after issue.Says the promissory note is payable in cash or, if the 30 day VWAP for Sino’s share as quoted on the SGX is at least S$0.24 on the date two business days prior to maturity.Says Sino may convert, at its option, the promissory note into ordinary shares in Sino to be issued to Guildford at an issue price of S$0.Says $25,000,000, payable by way of a non‐interest bearing convertible promissory note which matures six months after issue.Says a royalty paid to Guildford which is equal to $0.35 per tonne of coal sold from all of Guildford’s Australian coal assets.Says the royalty will be payable for five years from the date the first Australian coal asset commences commercial production.  Full Article

Guildford Coal Ltd updates on unsolicited offer to acquire Australian coal assets
Monday, 28 Jul 2014 12:56am EDT 

Guildford Coal Ltd:Board of Guildford Coal Limited (Guildford) refers to announcement made on July 17, in relation to unsolicited offer received by the company, which was due to expire on July 23.At this time, Guildford remains in discussions with the Singaporean party interested in the purchase of the Australian assets.Board confirms that an extension of time of the offer has been provided by the Singaporean party, and the offer is now due to expire at 5pm (Singapore time) on July 30.  Full Article

Guildford Coal Ltd announces unsolicited offer to acquire Australian coal assets for $22.5 mln form Singaporean company
Thursday, 17 Jul 2014 02:52am EDT 

Guildford Coal Ltd:Says that it has received confidential, unsolicited offer to acquire all of Guildford's Australian coal assets from a Singaporean company (purchaser) listed on Main Board of SGX.Proposed purchase price is $22,500,000, payable by way of non-interest bearing convertible promissory note which matures six months after issue and payable in cash or may be converted, at purchaser's option, into ordinary shares in purchaser to be issued to Guildford.Offer is open for acceptance by Guildford until July 23.Says that board is considering and evaluating this offer and will update shareholders in due course.  Full Article

Guildford Coal Ltd announces non-renounceable entitlement offer and placement
Wednesday, 9 Jul 2014 08:17pm EDT 

Guildford Coal Ltd:Says fully underwritten pro rata non-renounceable entitlement offer on the basis of one new share for every 18.284 shares held at record date at A$0.06 per share to raise about A$2,500,000, together with one free attaching option for each share subscribed for and issued (entitlement offer).Net proceeds of entitlement offer will be used for working capital purposes.Entitlement offer is fully underwritten by Maiora Asset Management Pte. Ltd (underwriter), a boutique asset manager based in Singapore with an Asian focus.No fees are payable to underwriter.Underwriter has separately committed to subscribe for 41,666,667 Guildford Coal shares at A$0.06 share for total subscription price of A$2,500,000 when entitlement offer concludes.Says it has also agreed to grant underwriter 41,666,667 free attaching options (exercisable at A$0.06 per option within three months of grant).If underwriter exercises all its options it will raise an additional A$2,500,000 for Guildford Coal.  Full Article

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