Annuncio • Feb 21
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.2 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,333,333
Price\Range: AUD 0.0015
Transaction Features: Subsequent Direct Listing Annuncio • Feb 18
NeuRizer Ltd. has filed a Follow-on Equity Offering in the amount of AUD 0.2 million. NeuRizer Ltd. has filed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,333,333
Price\Range: AUD 0.0015
Transaction Features: Subsequent Direct Listing Annuncio • Feb 08
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.3068 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.3068 million.
Security Name: Oridnary Shares
Security Type: Common Stock
Securities Offered: 159,800,000
Price\Range: AUD 0.001
Security Name: Oridnary Shares
Security Type: Common Stock
Securities Offered: 147,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Annuncio • Jan 22
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.15 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.0015
Transaction Features: Subsequent Direct Listing Annuncio • Dec 11
NeuRizer Ltd. has filed a Follow-on Equity Offering in the amount of AUD 0.3068 million. NeuRizer Ltd. has filed a Follow-on Equity Offering in the amount of AUD 0.3068 million.
Security Name: Oridnary Shares
Security Type: Common Stock
Securities Offered: 306,800,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Board Change • Nov 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Manyoo Han was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 30
NeuRizer Ltd., Annual General Meeting, Nov 28, 2024 NeuRizer Ltd., Annual General Meeting, Nov 28, 2024. New Risk • May 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.80m market cap, or US$2.52m). Board Change • Apr 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Company Secretary & Non-Executive Director Jordan Mehrtens was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 12
NeuRizer Ltd. Appoints Jordan Mehrtens as Non-Executive Director NeuRizer Ltd. announce that Ms Jordan Mehrtens has been appointed as a non-executive Director of the Company, effective 11 February 2024. Ms Mehrtens is the Company Secretary and has been for the past 9 years, with the key terms of her employment agreement detailed below. Ms Mehrtens is a qualified Lawyer and has a Bachelor of Commerce (Finance) and a Graduate Diploma in Urban and Regional Planning. Ms Mehrtens has worked with the NeuRizer Urea Project since its commencement, providing regulatory, compliance and other analytical advice. Ms Mehrtens is a member of the Governance Institute of Australia (GIA) and holds a Certificate in Governance Practice from the GIA. New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.65m market cap, or US$6.34m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Annuncio • Jan 16
Neurizer Ltd. Announces Executive Changes NeuRizer Ltd. announced that as a result of a corporate review the position of Managing Director has been made redundant. The Executive Chairman will assume the duties previously undertaken by the Managing Director. Assuch Phil Staveley will cease being the Managing Director of NRZ on the 15th of January 2024. Annuncio • Dec 20
NeuRizer Ltd. Announces Step Down of Murray Chatfield from the Board NeuRizer Ltd. advised that after more than 7 years as non-executive director, Mr. Murray Chatfield has decided to step down from the NeuRizer Board effective immediately. Murray joined the board in 2015 as an independent director. In that time he has provided valuable input and guidance to the Company. His endless energy, vast knowledge of financial markets and products combined with a passion for relevant targeted innovation has been a valuable and deep resource for NeuRizer. Murray attended every board and audit committee meeting over his 7 years and has always worked to ensure that the best interests of shareholders were at the forefront in the decision making of the Company. New Risk • Nov 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$34m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$38.3m market cap, or US$24.3m). Annuncio • Oct 11
NeuRizer Ltd., Annual General Meeting, Nov 10, 2023 NeuRizer Ltd., Annual General Meeting, Nov 10, 2023, at 09:30 Cen. Australia Standard Time. Agenda: To consider the financial report and the reports of the Directors and of the Auditors for the financial year ended 30 June 2023; to consider adoption of the Remuneration Report for the year ended 30 June 2023; to consider re-election of Directors of the Company; to consider approval to issue Placement Shares; to consider ratification of the issue of shares for March and September Placement Shares; to consider ratification of the issue of options to March Broker Options; to consider Issue of Options to Zhe Wang, Zheng Xiaojiang and Murray Chatfield in lieu of pay; and to consider approval of additional 10% Placement Capacity. New Risk • Oct 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$47.0m market cap, or US$30.2m). Annuncio • Sep 06
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 1 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Annuncio • Aug 01
NeuRizer Ltd. Announces Change of Directors NeuRizer Ltd. announced that Mr. Sunghun Ryu has been appointed as a Non-Executive Director of the Company, effective 31 July 2023. This follows the resignation of Mr. Jaehyung Yoo from the Board of NRZ. Mr. Yoo joined the NRZ Board in August 2022 and has resigned due to a change in Mr. Yoo's role at DL E&C Co. Ltd. (DL E&C). Mr. Ryu is the Vice President of Strategy & Planning, Plant Business Division of DL E&C. Recent Insider Transactions • Jun 09
MD & Director recently sold AU$194k worth of stock On the 1st of June, Phillip Staveley sold around 2m shares on-market at roughly AU$0.097 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Phillip's only on-market trade for the last 12 months. Annuncio • May 10
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 1 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,285,714
Price\Range: AUD 0.07
Transaction Features: Subsequent Direct Listing Annuncio • Dec 23
Australian Government Grants R&D Advance Finding to Neurizer Ltd NeuRizer Ltd. announced that Aus Industry has awarded the Company a "Certificate for Advance Finding" for certain activities under Stage 1 of the NeuRizer Urea Project. An Advance Finding is intended to provide companies with certainty that planned activities are eligible under the R&D Tax Incentive programme. It is binding for the income tax years commencing 21/22 and two subsequent years. The finding provides certainty over current and forecast Research and Development claims for up to 3 years. The Advanced Finding relates to estimated eligible expenditure of $70.7m to be incurred on Stage 1 of the Project. Eligible expenditure currently entitles NRZ to claim a refundable tax offset, or cash rebate at the rate of 43.5% of costs incurred. As such, if expenditure were to be incurred exactly in line with forecasts, then NRZ would receive a cash rebate of $30.7m. The refund is claimable by the Company following the lodgment of its annual income tax return. Approximately $9.3m of such expenditure is for Fiscal Year 21/22 with the Company anticipating a cash rebate of approximately $4.0m. A significant component of expenditure of the project in the current financial year will also be eligible for a rebate. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director Wang Zhe was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 01
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 3.791727 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 3.791727 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,917,272
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Annuncio • Oct 26
NeuRizer Ltd., Annual General Meeting, Nov 25, 2022 NeuRizer Ltd., Annual General Meeting, Nov 25, 2022, at 09:30 Cen. Australia Standard Time. Agenda: To consider Adoption of the Remuneration Report for the year ended 30 June 2022; to consider Re-election of Mr Jaehyung Yoo; to consider Re-election of Mr Justyn Peters; to consider Re-election of Mr Murray Chatfield; to consider Ratification of the grant of the Additional Investment Right to the Investor; to consider Approval of Additional 10% Placement Capacity; and to consider other matters, if any. Annuncio • Oct 02
NeuRizer Ltd. Auditor Raises 'Going Concern' Doubt NeuRizer Ltd. filed its Annual on Sep 30, 2022 for the period ending Jun 30, 2022. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Annuncio • Jul 29
Neurizer Ltd. Appoints Jaehyung Yoo as Non-Executive Director, Effective August 6, 2022 The Board of NeuRizer Ltd. advised that Mr. Jaehyung Yoo has been appointed as a Non-Executive Director of the Company, effective 6 August 2022. Mr. Yoo is Vice President of DL E&C Co. Ltd. ("DL E&C"). He has a Bachelor of Science at Korea University and Masters of Business Administration with Sejong-Syracuse Global. Mr. Yoo has over 20 years' experience in senior leadership roles within DL E&C, bringing extensive knowledge in EPC business. Amongst Mr. Yoo's significant experience he is the Head of CCUS, and has previously held theroles of Head of Sales for EPC cost estimation, Chief Executive of Sales and Marketing, and Managing Director of Tehran Office all whilst at Daelim. In accordance with the Company's Constitution, Mr. Yoo will stand for election at the upcoming Annual General Meeting of the Company. The appointment of Mr. Yoo who is a current Vice President of DL E&C, along with their recent investment in NRZ and the recently announced offtake agreement clearly shows that DL E&C and NRZ are working very closely as partners for the best interests of both companies. Annuncio • Jul 07
NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 14.632719 million. NeuRizer Ltd. has completed a Follow-on Equity Offering in the amount of AUD 14.632719 million.
Security Name: Ordinatry Shares
Security Type: Common Stock
Securities Offered: 97,551,458
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Independent Director Wang Zhe was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 01
NeuRizer Limited Completes Its Initial Bankable Feasibility Study for the NeuRizer Urea Project NeuRizer Limited announced that it has completed its Initial Bankable Feasibility Study for the NeuRizer Urea Project as expected in quarter 1 2022. NRZ aimed to release the results of the IBFS to the market, however is not permitted to do so in accordance with regulatory requirements and is required to wait until the final bankable feasibilitystudy is completed. NRZ has had this IBFS produced to progress funding of its NRUP. Typically, the financing period for a project commences upon completion of a final BFS and a Final Investment Decision (FID) being taken by a company. The production of the IBFS allows the funding period to start immediately thereby avoiding the delays typical of such a project. The IBFS will be further refined for final numbers during the remaining period of Front-End Engineering Design (FEED) and updated to produce a final BFS (scheduled for the end of this year). The IBFS and subsequent final BFS is being conducted independently by NexantECA. NRZ highlights the following strong market fundamentals as confirmed in this IBFS. Global environment: The global long term outlook for urea is positive with regional developments confirming a clear opportunity for the NRUP. Russia/Ukraine: Russia is the largest supplier of urea worldwide. The current situation is likely to have a long-lasting global impact which only serves to emphasise the need for supply chain security; Security of supply: with the need for supply chain resilience, a domestic producer of ureabecomes extremely attractive; Underlying gas price: the gas price had been rising worldwide even before the Russia/Ukraine war. All urea is made from gas this will continue to have an impact on the price of fertiliser; ESG investing worldwide: as the global shift towards ESG investing becomes more pronounced the pool of funds available for investment in gas becomes ever smaller. Inevitably this leads to rising prices. The developments in the global environment over the last few years has been resoundingly positive for the NRUP with its own captive gas supply. Strong markets: Australia's urea demand was 2.6 million tonnes in 2020 and is forecast to grow at an average 1.1% per year. Global urea consumption estimated at 182 million tonnes in 2020 with a forecasted annual growth rate of 1.5% over 30 years. (NexantECA 2022) Sales price: the prices used are based on NexantECA's forecast netback urea prices based on target market sales plan and destination. Further consideration of the impact of higher gas price on NexantECA's urea price forecasts has been considered. The forecast at the time of preparation, naturally, had not reflected the long-term potential impacts of the Russia-Ukraine situation. Further benefits may be derived from longer term impacts of ESG investing or potential for long-term gas shortages. Both items have only shown their true impacts over the intervening year. Accordingly, the company believe these forecasts to be extremely conservative. By way of example the January 2022 urea spot price was USD 846 per tonne whereas the forecast was for USD 424 per tonne. Island mode operation: this refers to the designed ability of the plant to operate in "island mode", that is, as all inputs (gas, water, power, CO2) are available on site, the costs are not dependent on external market factors. They do not change over the life of the project (excepting inflation). This gives the NRUP a significant advantage in terms of reliability and cost but does come at the expense of some capex. The capex includes supporting infrastructures such as water treatment system, closed cooling water and power generation. Annuncio • Feb 22
Leigh Creek Energy Limited Commences Leigh Creek Urea Project Updates - Stage 1 Factory Acceptance Testing commenced on Leigh Creek Energy Limited's Siemens power generators for Stage 1 commercialisation of the Leigh Creek Urea Project. LCK's Stage 1 commercialisation plan includes acquisition and installation of the power generators, acquisition of 3D seismic over Leigh Creek permits, and drilling up to five new syngas-producing wells, ahead of installation of infrastructure construction. Drivetrain Australia will supply and install the Seimens engines for the commencement of syngas production and developing the field for the first urea integrated production facility in Australia. The generators were selected because Siemens has a track record with syngas applications and experience with similar Australian projects. Drivetrain also have the capacity to provide aftersales support and maintenance in South Australia. The four syngas fired power generators have a combined 4.76MW capacity which supports the Company's goal of starting the Stage 1 Commercial Development. Once installed, the electricity generators will power site infrastructure, targeting to eliminate the diesel generation and further reduce emissions. It will enable the commissioning of gasifiers as we continue subsurface development. The next steps in the LCUP's Stage 1 Commercial development, are to acquire 3D seismic, drill further monitoring wells and obtain approval for the operation Environmental Impact Statement (EIS). Underground drilling design is being undertaken by inGauge Energy and engineering of the gas processing plant and the rest of production systems is being undertaken by Prudentia Process Consulting. Annuncio • Jun 24
Leigh Creek Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million. Leigh Creek Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.18
Discount Per Security: AUD 0.0108
Transaction Features: Subsequent Direct Listing Annuncio • Jun 16
Leigh Creek Energy Limited announced that it expects to receive AUD 18 million in funding Leigh Creek Energy Limited (ASX:LCK) announced that it will issue 100,000,000 common shares at a price of AUD 0.18 per share for gross proceeds of AUD 18,000,000 on June 15, 2021. The company will also issue unlisted options exercisable at a price of AUD 0.28 within next three years. The issuance of options is subject to approval of shareholders. The transaction will include participation from several Australian and global institutions. The transaction has been approved by the board of directors of the company. The transaction is expected closing date is on June 23, 2021. Annuncio • May 08
Leigh Creek Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 4.9 million. Leigh Creek Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 4.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: AUD 0.14
Transaction Features: Subsequent Direct Listing Annuncio • Mar 15
Leigh Creek Energy Limited Announces Final Investment Decision for Stage 1 The Board of Directors of Leigh Creek Energy Limited made the Final Investment Decision (FID) for Stage 1 of the Leigh Creek Energy Project (LCEP). With Stage 1 FID approval, LCK can commence placing orders with suppliers for long lead items and specialty process equipment items. Prudentia Process Consulting Pty Ltd. and the LCK engineering team are working diligently and the first deliverables are expected ahead of schedule. Stage 1 commercial development of the LCEP will comprise drilling up to five new syngas wells and installing a power plant capable of generating up to 5MW. Stage 1 will consolidate LCK's proprietary gasification technology, capability and intellectual property. Initial costs for the Stage 1 commercial development will be funded using the Company's existing cash balance and finance facility. Negotiation of purchase agreements, seismic work, planning, drilling and power plant installation are currently scheduled for the remainder of calendar year 2021. Updates on the progress of Stage 1 will be given throughout the year with a view to estimating a completion date once planning is further progressed. Annuncio • Feb 22
Leigh Creek Energy Limited Commences its Commercial Development of the Leigh Creek Energy Project Leigh Creek Energy Limited has commenced its Commercial Development of the Leigh Creek Energy Project (LCEP). Recruitment programme commenced. EPCM contracts in place and works commenced. Carbon neutrality program works commenced. Recruitment Programme: The LCK recruitment programme is a precursor to company operations. It has now commenced and over the coming months the team will continue to expand ensuring mobilisation of project critical roles. Annuncio • Jan 19
Leigh Creek Energy Limited Provides Update on the Stage 1 Commercial Development of the Leigh Creek Energy Project Leigh Creek Energy Limited has awarded two Engineering, Procurement, Construction and Management (EPCM) contracts for the Stage 1 Commercial Development of the Leigh Creek Energy Project. EPCM Contracts have been awarded to inGauge Energy Pty Ltd. (inGauge): Upstream: contracted to manage drilling services for development of initial gasification wells to provide feedstock syngas for a 5MW power plant. Prudentia Process Consulting Pty Ltd. (Prudentia): Downstream: contracted to manage selection, engineering, construction, and commissioning of the 5MW gas fired power plant. The two commercial stages of the LCEP will be developed in parallel. Award of the EPCM is another mile stone towards achieving the LCEP's Stage1 Commercial Development. The LCEP Commercial Development stages comprise both upstream (underground ISG operations) and downstream (above ground urea manufacturing) components. Stage 1 Commercial Development is a closed system power supply from a series of ISG wells (upstream) sufficient to power a 5MW gas fired powerplant (downstream). Now that LCK has been issued with its Petroleum Production Licence (PPL) it is finalizing the upstream ISG production Environmental Impact Report(EIR). Stage2 Commercial Development comprises large scale gas drilling and production, plus construction of a 1Mtpa urea production facility. The Company recently completed a Pre-Feasibility Study (PFS) on the urea production option, which highlighted the robust economics for development of the project, which will Provide fertilizer to domestic Australian and export markets. LCK will separately contract for long lead items that will then be managed by respective EPCM contractors. The100% owned LCEP is located in South Australia 550km north of Adelaide. The LCEP sits within PEL 650 and PPL 269, which overlay the existing Leigh Creek Coal field. The LCEP aims to initially produce 1Mtpa of urea utilizing ISG technologies. The project will provide long term growth and employment opportunities to the communities of the northern Flinders Ranges and South Australia. The project contains 1,153PJ of 2P gas reserves plus 301.2 Mt of indicated and inferred coal resources. The positive project economics for the development of a urea production facility supported by syngas feedstock were confirmed in the Company's recently released pre- feasibility study (PFS). The PFS outlined an average nominal production cost of $109/tonne which places LCEP in the lowest cost quartile of the global urea cost curve. Annuncio • Jan 06
Leigh Creek Energy Limited announced that it expects to receive AUD 6.54 million in funding Leigh Creek Energy Limited (ASX:LCK) announced a private placement of 48,805,970 shares at a issue price of AUD 0.13400 for gross proceeds of AUD 6,539,999.98 on January 5, 2021. The transaction included participation from Energy Exploration Capital Partners, LLC. The expected closing date of the transaction is on January 13, 2021. The company will pay 4,029,851 shares and will issue 9,800,000 options as fees. The net proceeds available from transaction is AUD 6 million. The company also issued option in the transaction. Annuncio • Dec 18
Leigh Creek Energy Limited Executes Joint Venture Agreement with China New Energy Group Limited Leigh Creek Energy Limited (LCK or the Company) executed its first overseas Joint Venture Agreement (JVA) with China New Energy Group Limited (CNE). CNE has large commercial interests in significant underground coal resources in northern China's Shanxi Province. The purpose of the JVA is for LCK to provide technical knowledge to assist CNE in developing these interests as well as third party coal interests in China as ISG projects. LCK's knowledge and operational expertise has been gained while developing the Leigh Creek Energy Project (LCEP), including successfully commissioning and operating the Pre-Commercial Demonstration (PCD) facility in 2018 and 2019 and the recently awarded Petroleum Production Licence (PPL). The JVA outlines the relationship of the parties and provides LCK with access to revenue without requiring any further capital funding from the Company. The JVA guides the operations of the partnership across multiple ISG projects in mainland China. LCK's responsibilities and remuneration for each stage of JVA ISG projects are as below: Initial Review: Site suitability assessment and investigation; Reporting of findings; Remuneration: Consulting fees. Evaluation Phase: Evaluation work program; Project budgeting and scheduling; Design of environmental baseline monitoring; Planning seismic acquisition and/or exploration drilling; Reporting of findings; Remuneration: Consulting fees. Demonstration Phase: and Engineering; Work under and if required assist in development of ISG regulatory framework; Drilling management; Provision of ex LCK PCD or assist CNE to construct a plant; Provision of operators and operator training; Initiation and operation of the plant; Provision of data to enable a reserves estimate to be completed; Decommissioning advisory services; Remuneration: Consulting fees. Reserves Upgrade: Demonstration Phase results in the booking of 2P Reserves; Remuneration options: A success fee and if syngas is produced in the future a royalty; or A success fee and participating interest in the producing asset. Annuncio • Jun 22
Leigh Creek Energy Limited(ASX:LCK) dropped from S&P/ASX Emerging Companies Index Leigh Creek Energy Limited(ASX:LCK) dropped from S&P/ASX Emerging Companies Index Annuncio • Jun 18
Leigh Creek Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 4.1 million. Leigh Creek Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 4.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 174,080,704
Price\Range: AUD 0.023552