Key Developments: Ochre Group Holdings Ltd (OGH.AX)

OGH.AX on Australia Stock Exchange

0.09AUD
27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Ochre Group Holdings Limited does not declare dividend
Tuesday, 30 Sep 2014 06:30pm EDT 

Ochre Group Holdings Limited:Says that no dividends have been paid or declared since the start of the financial year and the Directors do not recommend the payment of a dividend in respect of the financial year. (June 30, 2013: Nil).  Full Article

Ascot Resources Ltd announces completion of Wonmunna iron ore project acquisition from Ochre Group Holdings Ltd
Monday, 22 Sep 2014 06:25pm EDT 

Ascot Resources Ltd:Says that it has completed acquisition of 100 pct. interest in the Wonmunna iron ore project from Ochre Group Holdings Ltd.In connection with transaction, Resource Capital Fund V L.P. private equity fund with mandate to make investments exclusively in mining sector (RCF) and global commodities trader, Gunvor Group, each subscribed for A$5 mln in new Ascot shares at issue price of A$0.25 per share.  Full Article

Ascot Resources Ltd announces extension of completion date for Wonmunna acquistion
Friday, 12 Sep 2014 05:28am EDT 

Ascot Resources Ltd:Says Ochre Group Holdings Ltd (Ochre) and Ascot Resources Limited have agreed to extend time for completion under sale and purchase agreement (SPA) for Wonmunna Iron Ore Project (Project).Completion under SPA (which is unconditional) is expected to occur in week commencing Sept. 15.  Full Article

Ochre Group Holdings Ltd approves sale of Wonmunna Iron Ore Project to Ascot Resources Ltd
Monday, 8 Sep 2014 09:00pm EDT 

Ascot Resources Ltd:notes the ASX announcement by Ochre Group Holdings Ltd advising that a General Meeting of Ochre shareholders on Sept. 8, 2014 approved the sale of the Wonmunna Iron Ore Project to Ascot.Approval by Ochre shareholders was the last remaining condition precedent under the terms of the sale and purchase agreement between Ascot and Ochre dated July 3, 2014.Says accordingly, the SPA is now unconditional.  Full Article

Ochre Group Holdings Limited announces off market takeover offer for Gondwana Resources Limited
Saturday, 10 May 2014 05:39pm EDT 

Ochre Group Holdings Limited:Says that, it intends to make a conditional off-market cash offer of $0.082 per share for all the shares in Gondwana Resources Limited.Intends to make cash offer through a wholly owned subsidiary, Ochre Industries Pty Ltd.The company (through its wholly owned subsidiaries) is the largest shareholder in Gondwana, with an interest of 17.65 pct. in Gondwana’s shares.  Full Article

Gondwana Resources Ltd announces ownership interest of Ochre Group Holdings Ltd & Joffrey Pty Ltd
Sunday, 6 Apr 2014 11:16pm EDT 

Gondwana Resources Ltd:Says Ochre Group Holdings Ltd and Joffrey Pty Ltd has ownership in 1,631,250 ordinary shares representing 8.27 pct of the total voting power.  Full Article

Ascot Resources Ltd to acquire Wonmunna DSO iron ore project in Pilbara, Western Australia from Ochre Group Holdings Ltd
Monday, 17 Mar 2014 07:09pm EDT 

Ascot Resources Ltd:Executes binding agreement to wholly acquire Wonmunna iron ore project from Ochre Group Holdings Ltd.Wonmunna is located 80km northwest of Newman and 375km south of Port Hedland, and is intersected by Great Northern highway.Consideration payable by Ascot to Ochre in respect of transaction is as follows.88 million fully-paid ordinary Ascot shares, to be issued on completion.Cash consideration of up to A$2 million, payable on completion.A further A$29.75 million payable at any time prior to the date that is five years from completion.Interest of 5.88 pct. will be payable in respect of additional consideration.1 pct. gross revenue royalty payable on all product produced and sold commencing 12 months after Ascot completes first shipment of product.  Full Article

Ochre Group Holdings Ltd Announces Shareholding Changes
Monday, 18 Nov 2013 10:54pm EST 

Ochre Group Holdings Ltd announced that Mr. Hendricus Petrus Indrisie has become a substantial shareholder with 6.05% voting power (36,210,000 shares) in the Company, on August 11, 2013.  Full Article

Ochre Group Holdings Ltd Announces Termination of Proposed Scheme of Arrangement with Emerald Oil and Gas NL
Monday, 7 Oct 2013 05:32pm EDT 

Ochre Group Holdings Ltd announced that it's Board strongly believes that Ochre's proposal under the Implementation Deed dated August 1, 2013 is in the best interest of Ochre and Emerald Oil and Gas (EMR). Ochre is of the view that its proposal as outlined in the Implementation Deed, will not succeed without the significant support of EMR's shareholders. Ochre has been recently informed by EMR that shareholders holding no less than 25% of the ordinary share capital of EMR have advised EMR that they will not support Ochre's proposal as outlined under the Implementation Deed. On that basis, Ochre's Board has reviewed its objectives and mutually agreed with EMR to terminate the Implementation Deed. Notwithstanding the termination of the Implementation Deed in respect to the merger with EMR, the Board of Ochre will continue with the completion of the proposed placement of up to AUD1,000,000 at $0.04 per share in Ochre, as outlined in the Implementation Deed. The Board notes that whilst any placement of shares at $0.04 per share is at a significant premium to the last closing Ochre share price of $0.017, Ochre’s recently audited Balance Sheet showing Net Tangible Assets of AUD50,667,369 represents a price equivalent of $0.08469 per share.  Full Article

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