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22 December 2024
| Name: | POWER MINERALS LIMITED (PNN) | ||||||||||||
| ISIN: | AU000000PNN7 | ||||||||||||
| Date of Listing: | 15 April 2005 | ||||||||||||
| Former Names: |
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Stock Exchange Status: (updated daily)
This entity is currently listed and quoted on the Australian Securities Exchange.Legal Status: (updated monthly)
This is a current registered entity, not in any form of external administration to our knowledge.Capital Gains Tax (CGT) Status: (updated at least quarterly)
To crystallise a capital gain or capital loss on your securities in this entity, you are able to sell your securities on-market in the normal manner. If you determine that the market in your securities is illiquid and you still wish to crystallise a capital gain or loss, kindly contact deListed at admin@delisted.com.au for suggestions as to how you might proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| FROM | TO | |
| POWER MINERALS LIMITED | 17/06/2022 | |
| PEPINNINI MINERALS LIMITED | 11/09/2020 | 17/06/2022 |
| PEPINNINI LITHIUM LIMITED | 16/11/2017 | 11/09/2020 |
| PEPINNINI MINERALS LIMITED | 16/11/2017 |
Link Market Services Limited Sydney
Level 12, 680 George Street
Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
RegistryWebsite RegistryEmail
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The suspension of trading in the securities of Power Minerals Limited will be lifted immediately following the release by PNN of an announcement regarding an acquisition. | 03/07/2024 |
The Lĺtio Project comprises three granted exploration permits, immediately adjacent and interpreted on strike from Summit Minerals' (ASX:SUM) Equador Niobium Project. Summit's Equador Project has returned very high grade niobium and tantalum sampling results of up to 53.07% Nb2O5 (niobium pentoxide); 47.17% Ta2O5 (tantalum pentoxide); and 24,760 ppm (2.47%) partial rare earth oxides. This includes 34.45% Nb2O5 and 47.17% Ta2O5 adjacent to Power's Lĺtio project. The two project areas are assessed as having similar geology. Outcropping pegmatites located at Lĺtio which will provide an initial exploration and drilling target for Power. Expedited exploration strategy underway designed to define initial priority drill targets "“ drilling planned calendar 2024. First samples collected with results expected in the coming weeks - expanded sampling program ongoing. Additional testing ongoing for Tourmaline. The acquisition reinforces Power's strategy as a South American-focused explorer and developer - focus on expediting exploration in Brazil and development of the Salta Lithium Project. Power working on realising value for its non-core Australian project portfolio. | 03/07/2024 |
The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding an acquisition. | 02/07/2024 |
The suspension of trading in the securities of Power Minerals Limited will be lifted immediately following the release by PNN of an announcement regarding a capital raising and a strategic acquisition. | 26/03/2024 |
The company releases a notice of proposed issue of securities. | 26/03/2024 |
Capital Raise to raise ~$1,025,211.20 from sophisticated, professional and institutional investors, by way of: Placement to raise $668,051.20 via the issue of up to 4,771,793 ordinary fully paid shares at an issue price of $0.14 per Share; Placement excludes participation by Directors, who intend to subscribe for 357,143 Shares, raising an additional $50.000.02 (subject to shareholder approval); and Loyalty Option Entitlement Offer to raise $307,160.00 on a 1:3 basis with options issued at $0.01 and exercisable at $0.30, expiring 5 years from date of issue. Funds to be used for: Exploration and development of core Rincon and Incahuasi salares at Salta Lithium Project; Project access and exploration at the Musgrave Project; and Working capital. | 26/03/2024 |
The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding a capital raising and a strategic acquisition. | 25/03/2024 |
The suspension of trading in the securities of Power Minerals Limited is expected to be lifted from the commencement of trading on Monday, 11 March 2024 following the release by PNN of an announcement attaching the orders from the Supreme Court of Western Australia. | 08/03/2024 |
The Supreme Court of Western Australia heard the Company's application seeking orders in relation to the Company's inadvertent error in not lodging a cleansing notice pursuant to section 708A(5)(e) of the Corporations Act in the required timeframe for various issues of shares between 2018 and 2023. The Company has been granted the orders, as set out in the attached notice, and anticipates the trading of its securities will recommence when the market opens on Monday, 11 March 2024. | 08/03/2024 |
The company releases a Cleansing Notice. | 08/03/2024 |
The company releases a notification regarding unquoted securities. | 07/03/2024 |
The company releases a notice of proposed issue of securities. | 07/03/2024 |
The voluntary suspension is pending the release of an announcement in relation to the outcome of the Court hearing of the Application scheduled to occur on Friday 8 March 2024 at a time not before 10:00am (WST). Securities will remain in voluntary suspension until the announcement to the market of the outcome of the Court hearing. | 07/03/2024 |
The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding an application to the Supreme Court of Western Australia. | 04/03/2024 |
name changed from Pepinnini Minerals Limited | 17/06/2022 |
The suspension of trading in the securities of Power Minerals Limited will be lifted immediately following the release by PNN of an announcement regarding an acquisition. | 03/07/2024 |
The Lĺtio Project comprises three granted exploration permits, immediately adjacent and interpreted on strike from Summit Minerals' (ASX:SUM) Equador Niobium Project. Summit's Equador Project has returned very high grade niobium and tantalum sampling results of up to 53.07% Nb2O5 (niobium pentoxide); 47.17% Ta2O5 (tantalum pentoxide); and 24,760 ppm (2.47%) partial rare earth oxides. This includes 34.45% Nb2O5 and 47.17% Ta2O5 adjacent to Power's Lĺtio project. The two project areas are assessed as having similar geology. Outcropping pegmatites located at Lĺtio which will provide an initial exploration and drilling target for Power. Expedited exploration strategy underway designed to define initial priority drill targets "“ drilling planned calendar 2024. First samples collected with results expected in the coming weeks - expanded sampling program ongoing. Additional testing ongoing for Tourmaline. The acquisition reinforces Power's strategy as a South American-focused explorer and developer - focus on expediting exploration in Brazil and development of the Salta Lithium Project. Power working on realising value for its non-core Australian project portfolio. | 03/07/2024 |
The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding an acquisition. | 02/07/2024 |
The suspension of trading in the securities of Power Minerals Limited will be lifted immediately following the release by PNN of an announcement regarding a capital raising and a strategic acquisition. | 26/03/2024 |
The company releases a notice of proposed issue of securities. | 26/03/2024 |
Capital Raise to raise ~$1,025,211.20 from sophisticated, professional and institutional investors, by way of: Placement to raise $668,051.20 via the issue of up to 4,771,793 ordinary fully paid shares at an issue price of $0.14 per Share; Placement excludes participation by Directors, who intend to subscribe for 357,143 Shares, raising an additional $50.000.02 (subject to shareholder approval); and Loyalty Option Entitlement Offer to raise $307,160.00 on a 1:3 basis with options issued at $0.01 and exercisable at $0.30, expiring 5 years from date of issue. Funds to be used for: Exploration and development of core Rincon and Incahuasi salares at Salta Lithium Project; Project access and exploration at the Musgrave Project; and Working capital. | 26/03/2024 |
The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding a capital raising and a strategic acquisition. | 25/03/2024 |
The suspension of trading in the securities of Power Minerals Limited is expected to be lifted from the commencement of trading on Monday, 11 March 2024 following the release by PNN of an announcement attaching the orders from the Supreme Court of Western Australia. | 08/03/2024 |
The Supreme Court of Western Australia heard the Company's application seeking orders in relation to the Company's inadvertent error in not lodging a cleansing notice pursuant to section 708A(5)(e) of the Corporations Act in the required timeframe for various issues of shares between 2018 and 2023. The Company has been granted the orders, as set out in the attached notice, and anticipates the trading of its securities will recommence when the market opens on Monday, 11 March 2024. | 08/03/2024 |
The company releases a Cleansing Notice. | 08/03/2024 |
The company releases a notification regarding unquoted securities. | 07/03/2024 |
The company releases a notice of proposed issue of securities. | 07/03/2024 |
The voluntary suspension is pending the release of an announcement in relation to the outcome of the Court hearing of the Application scheduled to occur on Friday 8 March 2024 at a time not before 10:00am (WST). Securities will remain in voluntary suspension until the announcement to the market of the outcome of the Court hearing. | 07/03/2024 |
The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding an application to the Supreme Court of Western Australia. | 04/03/2024 |
name changed from Pepinnini Minerals Limited | 17/06/2022 |
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Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 01/12/2023 | Mena Habib | 90,000 | $0.230 | $20,700 |
| 23/06/2022 | David Turvey | 105,000 | $0.380 | $39,900 |
| 23/06/2022 | Mena Habib | 85,000 | $0.340 | $28,900 |
| 18/11/2021 | Luis Kennedy | 84,312 | $0.065 | $5,480 |
| 12/11/2021 | Luis Kennedy | 29,835 | $0.670 | $19,989 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Stephen Ross | Non Exec Chairman | 09/07/2021 |
| Mena Habib | Managing Director | 09/07/2021 |
| Caue Araujo | Non Exec Director | 01/10/2024 |
| James Moses | Director | 05/05/2021 |
| David McEntaggart | Company Secretary | 22/10/2024 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Jay Stephenson | Company Secretary | 22/10/2024 | |
| David Turvey | Non Exec Director | 08/07/2021 | 02/12/2023 |
| Luis Kennedy | Non Exec Director | 07/08/2020 | 25/11/2021 |
| Rebecca Holland-Kennedy | Non Exec Director | 15/08/2002 | 25/11/2021 |
| Wei Sun | Independent Director | 26/11/2020 | 08/07/2021 |
| Andre Wessels | Non Exec Director | 09/03/2020 | 25/11/2020 |
| George Cumplido | Non Exec Director | 23/06/2020 | 07/08/2020 |
| Philip Clifford | Non Exec Director | 09/04/2013 | 30/06/2020 |
| Sarah Clifton-Brown | Non Exec Director | 12/12/2014 | 05/03/2020 |
| James Allchurch | Non Exec Director | 01/07/2019 | 08/11/2019 |
| Murray Bailey | Director | 01/01/2014 | 30/10/2014 |
| Norman Kennedy | Chairman, Managing Director | 15/08/2002 | 14/03/2013 |
| Christopher Lambert | Independent Director | 12/10/2006 | 22/11/2012 |
Date of first appointment, title may have changed.
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