Key Developments: Red 5 Ltd (RED.AX)

RED.AX on Australia Stock Exchange

0.09AUD
27 Aug 2014
Price Change (% chg)

$-0.00 (-2.13%)
Prev Close
$0.09
Open
$0.09
Day's High
$0.10
Day's Low
$0.09
Volume
788,666
Avg. Vol
666,900
52-wk High
$0.12
52-wk Low
$0.06

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Latest Key Developments (Source: Significant Developments)

Red 5 Ltd appoints Mark Williams as managing director
Tuesday, 15 Apr 2014 07:10pm EDT 

Red 5 Ltd:Resolves to appoint non-executive director, Mark Williams, to position of managing director of the company.  Full Article

Red 5 Ltd appoints Dundo Chairman
Thursday, 28 Nov 2013 03:42am EST 

Red 5 Ltd:Says appointed Kevin Dundo as Chairman of the company on Nov. 28.Says Colin G Jackson retired from Chairman on Nov. 28.  Full Article

Red 5 Ltd Announces Holding Interest of Baker Steel Capital Managers LLP
Sunday, 3 Nov 2013 04:26pm EST 

Red 5 Ltd announced that Baker Steel Capital Managers LLP has a holding interest of 150,828,374 ordinary shares representing 19.8% of issued share capital of the Company. Earlier Baker Steel Capital Managers LLP had an interest of 8.6% of issued share capital of the Company.  Full Article

Red 5 Ltd Does Not Recommend Final Dividend
Thursday, 26 Sep 2013 07:12pm EDT 

Red 5 Ltd announced that no amounts were paid by way of dividend since the end of the previous financial year (2012: nil). The directors do not recommend the payment of a dividend.  Full Article

Red 5 Ltd Announces Issuance Of Shares
Monday, 23 Sep 2013 10:16pm EDT 

Red 5 Ltd announced that announced the issuance of 150,000,000 ordinary fully paid shares at AUD0.10 per share.  Full Article

Red 5 Ltd Announces Completion Of Share Placement
Sunday, 8 Sep 2013 07:39pm EDT 

Red 5 Ltd announced that the proposed private placement announced on September 5, 2013 has been concluded, with final commitments received for a total of $50,000,000, comprising 500,000,000 ordinary fully paid shares at an issue price of 10 cents per share. Settlement of the first tranche of the share placement of $2,030,000 is expected to occur on September 11, 2013. The second tranche of the placement comprises 479,700,000 shares at 10 cents per share for gross proceeds of $47,970,000. Existing shareholders dominated the subscriptions. New investors included funds domiciled in Australia, Hong Kong and the United Kingdom. The placement was completed by Petra Capital Limited acting as exclusive lead manager and book runner. A further $10,000,000 is proposed to be raised through a Share Purchase Plan (SPP) offer to eligible shareholders also at 10 cents per share with the directors reserving the right to accept oversubscriptions of up to a further $5,000,000. The record date for the SPP is September 4, 2013. Key dates in respect of the SPP will be outlined in the SPP offer document to be sent to shareholders with the notice of general meeting seeking shareholder approval for completion of the second tranche of the placement and the SPP.  Full Article

Red 5 Ltd Announces Appointment Of Managing Director
Tuesday, 22 Jan 2013 09:34pm EST 

Red 5 Ltd announced that Mr. Johannes (Steve) Norregaard has been appointed as Managing Director, effective February 1, 2013.  Full Article

Red 5 Ltd Completes USD 25 Million Financing
Sunday, 30 Dec 2012 04:30pm EST 

Red 5 Ltd announced that the Company has fully drawn a USD25.0 million prepaid gold swap facility from Credit Suisse AG. The Company's Philippine subsidiary Greenstone Resources Corporation (GRC) has entered into a three year prepaid swap facility whereby Credit Suisse advanced USD 25 million against the sale of future gold production. The facility is repayable over 30 months commencing six months after draw down. The repayment schedule includes interest at a commercial rate and amortized establishment fees. In addition, to protect the loan the facility provides GRC with a zero cost put and call structure over 40,000 ounces (13% of production during the loan period).  Full Article

Red 5 Ltd Announces Resignation Of Managing Director
Thursday, 15 Nov 2012 12:20am EST 

Red 5 Ltd announced that Mr. Greg Edwards, a founding director in November 2001, has stepped down from the position of Red5 Limited Managing Director, effective November 15, 2012. Mr. Edwards has accepted a consultant role with the Company focused on government and community relations.  Full Article

Red 5 Ltd Announces No FY 2012 Dividend
Wednesday, 26 Sep 2012 04:33am EDT 

Red 5 Ltd announced that the Directors do not recommend the payment of a dividend for the financial year 2012.  Full Article

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