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FORCE COMMODITIES LIMITED (4CE)

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ASX, Legal & CGT Status

Former (or subsequent) names

Shareholder links

Our website ranking of 4CE: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Sydney
6 Hope St Ermington NSW 2115
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 2 8235 8150
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000004CE0
Address: 45 Ventnor Avenue West Perth, WA, 6005
Tel:  +61 8 9389 4499Fax: +61 8 6117 3860

Date first listed: 03/12/2010

Sector: Materials Industry Group: XMJ
Activities: The Company's business is the exploration for gold in New South Wales

News & Events

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name changed to Critical Resources Limited

01/06/2021

The suspension of trading in the securities of Force Commodities Limited will be lifted from the commencement of trading on Wednesday, 4 November 2020, following 4CE demonstrating compliance with listing rule 12.2.

03/11/2020

The company releases an Appendix 3G - Updated.

03/11/2020

The company releases an Appendix 2A.

03/11/2020

The conditions precedent for the company's securities will be reinstated to official quotation have been met. The company confirms: completion of the agreement between 4CE and Savannah Resources Plc for the acquisition of 100% of the issued capital in Savannah Resources including the issue of 50,000,000 4CE shares; the company has over $3 million cash and cash equivalents; $3,000,000 was received through the recent placement of 300 million shares (at $0.01); that 4CE is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.

03/11/2020

The company releases an Appendix 3G.

03/11/2020

The company releases an Appendix 2A.

03/11/2020

The company lodges its Quarterly Activities Report.

30/10/2020

The company lodges its Quarterly Cashflow Report.

30/10/2020

The company releases a notice of Proposed issue of Securities - 4CE.

29/10/2020

The company releases a cleansing prospectus for an offer of up to 20,000 Shares at an issue price of $0.01 per Share to raise up to $200.

28/10/2020

The company releases the results of its meeting.

28/10/2020

The company releases its Chairman's Address to Shareholders.

28/10/2020

The claim brought by Fletcher Tailleur Associates Limited a Seychelles incorporated company associated with former director Mr Alistair Stephens, with respect to a Services Agreement for the provision of executive and director services, has been settled by mutual agreement with FTA and Mr Stephens. Without any admission of liability or wrongdoing, the Parties have agreed to resolve all matters arising out of or in connection with the Services Agreement, Mr Stephens' engagement and termination, the District Court proceeding and the Company's defence to that proceeding on confidential terms and with no order as to costs.

26/10/2020

The company releases a response to ASX query.

07/10/2020

The company will be holding a general meeting of shareholders via live video conference. To register to attend the virtual AGM, shareholders must register at: https://us02web.zoom.us/meeting/register/tZItcuqpqTwqGNW4xbBk6VFCnB3Ap5qn3ZfK.

24/09/2020

The company releases an Appendix 3G with an updated Maturity Date.

18/09/2020

The company releases an Appendix 3G.

15/09/2020

The company lodges its Half Yearly Report and Accounts incl Audit Ind Declaration.

15/09/2020

The company releases an Appendix 4G.

14/09/2020

The company lodges its Half Yearly Report and Accounts.

14/09/2020

The company lodges its Annual Report to shareholders.

14/09/2020

The company releases an updated notice of Proposed issue of Securities - 4CE.

14/09/2020

The company releases an updated notice of proposed issue of securities - 4CE.

07/09/2020

The company releases an updated notice of proposed issue of securities - 4CE.

02/09/2020

The company is seeking to raise between between AUD$1.5M and AUD$2.0M with the assistance of corporate advisor, Sixty Two Capital Pty Ltd. The company is also undertaking the capital raising and completing lodgment of outstanding periodic reports which are intended to satisfy the ASX regarding suitability for reinstatement of its securities to trading on the official list of the ASX. Upon completion of the raising, the company will lodge the 2019 annual accounts. The company has entered into a mandate with 62 Capital under which 62 Capital has been engaged as the company's corporate advisor. 62 Capital will act as Lead Manager to secure raise between $1.5 million to $2 million as pre-payment for shares to be issued.

01/09/2020

The company has entered into a share purchase agreement to acquire interests in the Block 4 and Block 5 copper projects located in the Sultanate of Oman from Savannah Resources plc. The acquisition forms part of Force's growth strategy of building a multi-commodity exploration and development company.

01/09/2020

The company releases a notice of Proposed issue of Securities - 4CE.

01/09/2020

The company lodges its Quarterly Cashflow Report.

31/07/2020

The company lodges its Quarterly Activities Report.

31/07/2020

The company releases an Appendix 3G - Issue of Convertible Securities.

22/07/2020

The following unlisted options expired: 2,500,000 for an exercise price of $0.10 and with an expiry date of 30 June 2020; 2,000,000 for $0.06, expired on 1 July 2020; and 2,000,000 at $0.08 on 1 July 2020. The following unlisted options remain on issue: 34,444,446 for $0.02 with an expiry date of 30 June 2021.

22/07/2020

The company releases a notice of Proposed issue of Securities - 4CE.

13/07/2020

Force completed a reverse circulation drilling (RC) program at Small Canyon prospect comprising 26 RC holes for a total 742 m drilled. This drilling targeted lead-silver veins along strike from artisanal exposures at Small Canyon. Assays of the drilling returned disappointing results, with the best intercept from SCA001 being 4.0 m at 328 ppm lead from 40 m depth. Whilst the results are disappointing, they do not reflect a lack of prospectivity shown by the Grand Canyon prospect. The higher priority Grand Canyon prospect was not drilled because the onset of the wet season made it impossible to build the access road into the prospect. After the rains commenced, the only access was that already completed to Small Canyon.

14/05/2020

The company lodges its Quarterly Cashflow Report - Mar 2020

04/05/2020

The company lodges its Quarterly Activities Report - Mar 2020.

04/05/2020

The company lodges its Quarterly Cashflow Report - Dec 2019.

04/05/2020

The company lodges its Quarterly Activities Report - Dec 2019.

04/05/2020

The company anticipates the suspension will remain in place until the commencement of normal trading on Monday, 4 May 2020, or when the announcement regarding the capital raising activity is released to the market.

06/04/2020

The company anticipates the suspension will remain in place until the commencement of normal trading on Monday, 6 April 2020, or when the announcement regarding the capital raising activity is released to the market.

10/03/2020

The company anticipates the suspension will remain in place until the commencement of normal trading on Monday, 9 March 2020, or when the announcement regarding its capital raising activity is released to the market;

11/02/2020

The company anticipates the suspension will remain in place until the commencement of normal trading on Monday, 9 March 2020, or when the announcement regarding the company's capital raising activity is released to the market.

11/02/2020

The company anticipates the suspension will remain in place until the commencement of normal trading on Tuesday, 11 February 2020, or when the announcement regarding the company's capital raising activity is released to the market.

28/01/2020

The company expects the voluntary suspension to end at the commencement of trade on Tuesday, 28 January 2020, when it anticipates it will be in a position to make an announcement to the market in respect of a change in senior management.

20/01/2020

The securities of Force Commodities Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of 4CE, pending the release of an announcement regarding change in senior management.

15/01/2020

The suspension of trading in the securities of Force Commodities Limited will be lifted immediately, following the release by 4CE of an announcement regarding orders sought in the Federal Court.

01/11/2019

The company has secured a debt and equity funding package of A$3.5m primarily to advance the development and construction of the high-grade lead and silver Tshimpala Project located in the Dowa District of the Republic of Malawi. The funding package comprises: committed working capital debt facilities of A$2.75m; and a share placement to professional and sophisticated investors to raise A$0.75m. Total working capital debt facilities of A$2.75m hvae been committed and are to be made available to the company in 3 tranches. The company has also received commitments from professional and sophisticated investors for a share placement utilising the company's 15% placement capacity and the company's 10% enhanced capacity. In total, 50,000,000 new fully paid ordinary shares are to be issue at an average price of $0.015 (1.5 cents) raising $750,000. The company also provides additional disclosures under ASX LR3.10.5A. Civil engineering and construction activities at the Tshimpala Project are continuing following the mobilisation of Shire Construction Limited. The company was successful in its Federal Court proceedings for validation orders in relation to the secondary trading in shares issued by the company.

01/11/2019

The company was successful in its Federal Court proceedings for validation orders in relation to secondary trading in shares issued by the company pursuant to several securities issues previously made by the company. The Federal Court made orders declaring that any offer for sale or sale of these shares during the period from the respective dates of issue until 14 October 2019, when the company lodged a cleansing prospectus, was not invalid by reason of the failure to issue a cleansing notice or prospectus and any consequent failure by shareholders to provide disclosure in relation to the offers and sales of shares.

01/11/2019

The company lodges its Quarterly Activities Report.

01/11/2019

The company lodges its Quarterly Cashflow Report.

01/11/2019

The company has filed an application with the Federal Court of Australia seeking declaratory relief and ancillary orders relating to prior trading in the company's shares so that any trading prior to lodgement of the Prospectus will be validated and will not attract any civil liability. The matter will be heard before the Court at 10:15am on Friday, 1 November 2019 (WST). The company's securities will remain suspended until the orders are obtained from the Court.

28/10/2019

Civil engineering and construction activities at the Tshimpala Project have commenced following the mobilisation of Malawian based engineering and construction company, Shire Construction Limited.

25/10/2019

The Environmental and Social Impact Assessment Report for the Tshimpala Project has been lodged with Malawi's Environmental Affairs Department.

21/10/2019

The company is in the proccess of finalising an application to the Federal Court of Australia seeking relief and ancillary orders relating to prior trading in the company's shares so that on-sales of some of its shares issued will be validated and will not attract any civil liability. Also, the company clarifies that it remains the subject of a claim brought by Fletcher Tailleur Associates. The view of the company and its legal advisers continues to be that the claim is without merit. This claim has been stayed until FTA complies with a court order to pay $20,000 into court as security for the company's costs. The company's interlocutory applications pursuant to this claim have been adjourned.

21/10/2019

The company issues a cleansing prospectus for an offer of up to 20,000 Shares at an issue price of $0.018 per share to raise up to $360.

14/10/2019

The company will shortly lodge a prospectus to remove any trading restrictions that relate to the share issues referred to previously and some earlier share issues that have been identified by the current directors. The company will now proceed to file an application with the Federal Court of Australia seeking declaratory relief and ancillary orders relating to the prior trading in these shares, so that on-sale prior to the issue of the prospectus will be validated and will not attract any civil liability. The company continues to advance its exploration and development activities at the high-grade lead and silver Tshimpala Project and will continue to update the market with any developments concerning its operations.

14/10/2019

Further assay results have been received from grab samples of galena mineralisation taken at the Tshimpala Project, located in the Dowa District of the Republic of Malawi. Assay results of 83.2% and 83.3% lead were obtained from the two samples. Assay results of 1,180g/t silver lead were obtained from the two samples. The company is pleased with the assay results and is currently in discussions with SGS regarding both the establishent of appropriate testing facilities at its Tshimpala Project operations site and the proposed testing of the exported material by SGS at Beira Port in Mozambique. Further sampling from pits and trenchse at the Tshimpala Project is ongoing at the Grand Canyon and Small Canyon Prospects with samples to be dispatched to SGS this quarter for assaying.

08/10/2019

The securities of Force Commodities Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of 4CE, pending the release of an announcement.

07/10/2019

The securities of Force Commodities Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 13 May 2019 following lodgement of its Appendix 5B Cash flow Report and its Quarterly Activities Report for the period ended 31 March 2019.

10/05/2019

The company lodges its Quarterly Cashflow Report.

10/05/2019

The company lodges its Quarterly Activities Report.

10/05/2019

Force Commodities Limited has executed a binding HOA to acquire majority interests in the lead, silver and zinc rights over three granted exploration licenses and one mining license (under application) located in the Central Region of the Republic of Malawi. Recent geological mapping and ground EM surveys have identified over 25 artisanal areas of workings and a substantial number of anomalous areas considered highly prospective for high grade lead and silver mineralisation. Recent exploration work around these open pits has further identified multiple interpreted zones of parallel, shallow mineralisation (down to 20m below surface) and with strike lengths of up to 500m. Trial mining was completed at the Grand Canyon, Riverside and Small Canyon Prospects in November 2018, with a +100t bulk sample trucked to ALS Laboratories in South Africa. Certificate of Quality received from ALS confirmed an exceptionally high grade product that reported an average 60.48% lead grade and 735g/t silver grade. Sale of 100t of bulk sample being finalised with a number of international commodity trading groups with indicative offers valuing the sample at US$1,400/t of product. Force will secure its 51% interest through expenditure of US$900,000 over the next 18 months, with funds to be applied under an agreed exploration and development budget. Firm commitments received for a A$0.35 million Capital Raising to fund due diligence work and proposed initial exploration activities in Malawi. Force has also secured a 90-day exclusive option over the graphite rights of the exploration licenses.

09/05/2019

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 May 2019, following their failure to lodge the relevant periodic report by the due date.

01/05/2019

The suspension of trading in the securities of Force Commodities Limited will be lifted immediately, following receipt of an announcement.

06/06/2017

The company provides an update on the following matters: strategic review; drilling at Mt Adrah Gold Project; Hudson Corporate Limited Legal Matter; Board Committees; and Interim Assistance.

06/06/2017

The securities of Force Commodities Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

02/06/2017

name changed from Sovereign Gold Company Limited

03/01/2017

 

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ASX, Legal & CGT Status

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    03/01/2020Jason Brewer400,000$0.014$5,392
    20/12/2019Jason Brewer1,050,000$0.013$13,868
    15/04/2016Rocco Tassone12,901,234$0.004$51,605
    13/04/2016Charles Thomas10,662,567$0.004$42,219
    13/04/2016Patrick Glovac10,000,000$0.004$40,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Robert MartinChairman04/02/2021
    Mark DarrasNon Exec Chairman, Independent Director28/02/2017
    Michael FryCFO01/04/2017
    Peter SmithNon Exec Director27/03/2017
    Jeremy WhybrowNon Exec Director01/03/2021
    Jihad MalaebNon Exec Director27/01/2020
    Alistair StephensExecutive Director28/02/2017
    Michael LeuDirector10/08/2010
    Rado RebekDirector16/09/2010
    Chris AchurchCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Simon PooleyCEO21/07/202026/02/2021
    Jess OramNon Exec Chairman04/02/201904/02/2021
    David SprouleNon Exec Director21/08/202004/02/2021
    Makonga PelesaNon Exec Director17/10/201721/08/2020
    Simon Grant-RennickNon Exec Director01/08/201927/05/2020
    Jason BrewerManaging Director05/06/201714/01/2020
    David SandersNon Exec Chairman05/01/201704/02/2019
    Patrick GlovacNon Exec Director14/12/201517/10/2017
    Rocco TassoneManaging Director, CEO14/07/201527/03/2017
    Charles ThomasChairman15/07/201528/02/2017
    Simon BirdManaging Director23/02/201529/02/2016
    John DawkinsChairman16/09/201015/12/2015
    Peter MeersDirector10/08/201024/12/2014
    Julian MalnicDirector18/02/201422/07/2014
    Qinjing QiuDirector09/06/201128/05/2012
    Nicholas RaffanManaging Director16/09/201004/01/2012

    Date of first appointment, title may have changed.