Key Developments: Pluton Resources Ltd (PLV.AX)

PLV.AX on Australia Stock Exchange

29 May 2014
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Latest Key Developments (Source: Significant Developments)

Pluton Resources Ltd updates on settlement of Rizhao proceedings
Monday, 1 Dec 2014 06:30pm EST 

Pluton Resources Ltd:Says that on Nov. 28, 2014, Rizhao Port Group Logistics Co, Limited (Rizhao) settled its proceedings against the company, General Nice Recursos Comercial Offshore De Macau Limitada (GNR Macau) and the Receivers by way of consent.Says the consent included the FTI Consulting were retired as Receivers and Managers of the company and all claims in relation to the invalid appointment of Receivers by GNR Macau were dismissed.An agreement was reached with Rizhao in relation to a revised repayment regime in satisfaction of all debts owed by the Company to Rizhao, General Nice Resources (Hong Kong) Limited (GNR Hong Kong) will provide a company guarantee in relation to these debts.Also the obligations of the company and Rizhao under existing iron ore sales contracts between those parties are at an end.  Full Article

Pluton Resources Ltd announces ownership interest of Watpac Ltd
Thursday, 30 Oct 2014 09:19pm EDT 

Pluton Resources Ltd:Says that Watpac Ltd has an interest in 300,000,000 fully paid ordinary shares of Pluton Resources, representing 5.04 pct. of total voting rights.  Full Article

Pluton Resources Limited updates on joint venture
Thursday, 30 Oct 2014 05:12am EDT 

Pluton Resources Limited:Advises that it has received correspondence from its Joint Venture partner Wise Energy Group (Wise) in the Cockatoo Island project purporting to remove Pluton as the manager of the project and to cease operations at Cockatoo Island.Says Pluton continues and will continue to manage the operations at Cockatoo Island and is in the advanced stages of preparation of a new mine plan, following a successful rights issue.  Full Article

Pluton Resources Ltd Says Jeremy Bower appointed as acting CEO
Friday, 15 Aug 2014 04:02am EDT 

Pluton Resources Ltd:Says Jeremy Bower has been appointed as acting Chief Executive Officer (CEO).Says Bower’s appointment follows resignation of Brett Clark as Managing Director and Chief Executive Officer of Company.  Full Article

Pluton Resources Ltd to underwrite A$26 mln rights issue
Monday, 11 Aug 2014 09:00pm EDT 

Pluton Resources Ltd:Says that General Nice Resources (Hong Kong) Limited has agreed in principle to underwrite A$26 mln of the company’s 9:1, pro-rata offer non-renounceable inclusive of $8 mln of sub-underwriting support from Asian institutional investors.Says the parties are in the process of negotiating a formal underwriting agreement.Says once this has been executed, the company will release a supplementary prospectus for the Rights Issue containing full details of the underwriting.  Full Article

Pluton Resources Ltd says FIRB approval received for acquisition of interest in Cockatoo Island JV held by Wise Energy
Monday, 11 Aug 2014 04:52am EDT 

Pluton Resources Ltd:Says Foreign Investment Review Board has advised it has no objections to Pluton’s proposed acquisition of 50 pct interest in Cockatoo Island joint venture held by Wise Energy Group Company Limited (Wise); and.Shares in Pluton held by Wise and representing 5.49 per cent interest in Company via share buy-back.This represents positive and step towards Pluton completing the Wise Transaction.Company continues to negotiate with Wise and expects to finalise definitive sale documentation in respect of the Wise Transaction in due course.  Full Article

Pluton Resources Ltd announces non-renounceable entitlement issue
Wednesday, 9 Jul 2014 06:58pm EDT 

Pluton Resources Ltd:Says lodgement of prospectus for non-renounceable entitlement issue of up to 8,001,291,042 shares at an issue price of A$0.01 per share on the basis of nine new shares for every share held on record date.With minimum subscription of A$47,500,000 and to raise up to about A$80,012,910 before expenses.Minimum subscription is made up of shareholders subscribing for their entitlement and creditors who have to execute creditor commitment letters agreeing to subscribe for any shortfall shares arising under offer, with the subscription price to be set off against their indebtedness.Patersons Securities Ltd is lead manager of offer.Prospectus also contains offer of up to 133,000,000 shares (and a further 127,000,000 subject to shareholder approval) to Patersons or its nominees.Record date for entitlement issue is July 16.  Full Article

Pluton Resources Ltd announces shareholding interest of YA Global Masters SPV Ltd
Wednesday, 4 Jun 2014 10:49pm EDT 

Pluton Resources Ltd:Says YA Global Masters SPV Ltd has become substantial holder of the company and now hold 8.2 pct in the company.  Full Article

Pluton Resources Ltd announces chairman change and appointment of interim CFO
Sunday, 1 Jun 2014 07:05pm EDT 

Pluton Resources Ltd:Says resignation of Richard Mehan as chairman and director and appointment Paul D’Sylva as director and interim chairman.Says Michael Wyer has been appointed as interim CFO of the company.  Full Article

Pluton Resources Ltd announces allotment of entitlements issue
Wednesday, 21 May 2014 02:21am EDT 

Pluton Resources Ltd:Says that allotment of securities under entitlements offer which closed on May 14, occurred on May 21.Fully underwritten pro rata renounceable entitlement issue was for 434,237,222 Shares at issue price of A$0.04 per share.  Full Article

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