Critical Resources

Morgan Stanley Wealth Management has been appointed by the corporate watchdog to sell a portion of shares in Sovereign Gold Company held by former Applabs Technologies directors which were found to have been acquired invalidly.

Minerals explorer TNG has finally lodged a prospectus for the demerger of its base metals portfolio into a spin-out company, while Heron Resources and Force Commodities have both progressed their respective demergers.

Force Commodities has appointed Mark Darras as independent non-executive chair and Alistair Stephens as executive director.  Current non-executive chair Charles Thomas and managing director Rocco Tassone have both resigned from their roles.

Lithium-focused Marquee Resources has closed higher on its ASX debut, after spinning out from Force Commodities and completing a $3.5 million initial public offering.

Force Commodities has appointed David Sanders as non-executive chair and Jason Brewer non-executive director.APAC Coal has appointed current company secretary, Brett Crowley, as non-executive director.

Titanium Sands has raised $300,000 by way of a sophisticated investor placement of 42,857,142 fully paid ordinary shares at $0.007 per Share. 

Shares in junior lithium explorers MetalsTech and Force Commodities have spiked after the companies announced funding and joint venture agreements, while European Lithium will tap investors to progress its lithium project in Austria.

Jason Brewer has been appointed managing director of Force Commodities. He was appointed a non-executive director in June 2017 and has been instrumental in securing the Kitotolo and Kanuka lithium projects in the Democratic Republic of Congo.

Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue price of $0.18 per share. 

Innovative shareholder registry management company, Advanced Share Registry is pleased to announce it has signed a binding agreement with Private Company Platform Pty Ltd to acquire a 51% shareholding in PCP.

Our daily board moves wrap includes His Highness Sheikh Maktoum Hasher al Maktoum, David Lenigas, Alex Duncan-Kemp, Dan Smith, Jess Oram, David Sanders, Mike Pitcher, Michael Fry, Keith Bowes, Adam Kiley, Stuart McKenzie, Mathew O'Hara, Paul Criddle, Marat Abzalov, and Peter Woods.

Anson Resources has closed a share purchase plan, raising $608,700 from 84 applicants. Additionally, the company has received a firm commitment from Chia Tai Xingye International for a $1.65 million placement at 6 cents a share. 

Zenith Energy has closed its share purchase plan with applications totalling $220,000 of the total $5 million that was offered. 

Assorted minor corporate finance deals not covered in the previous week's articles.

Our daily board moves wrap includes Eduard Eshuys, Bruce Parncutt, Steve Morris, Brett Lambert, Simon Grant-Rennick, Juan Wang, Nicholas Ong, and Denis Rakich.

Our weekly appointment wrap includes Eric Lumsden, John Langoulant, Michael Court, Nicole Lockwood, Terry Agnew, Kerryl Bradshaw, Andrea Sutton, Wayne Zekulich, Keith Hirschman, Tony Sheard, Alex Ogg, Nicholas Chapple, Paul Pryde, Shane Ogilvie, Saschelle Blake, Brett Heather, Richard Peterson, and Howie McKibbon.

Our board moves wrap includes Henry Kinstlinger, Mike Pitcher, Darryl Edwards, Trevor O'Connor, Susan Hunter, BiaoZhun Zhu, Benjamin Chow, Simon Mottram, Luis Azevedo, Aaron Bertolatti, Jason Bontempo, ZhiLiang Ou, Brett Lambert, Rob Tyson, John Stockley, and Chris van Wijk.

Simon Grant-Rennick has resigned as non-executive director of Force Commodities. He joined the board in August 2019 after vending the Tshimpala Project in Malawi.Mindax has appointed current non-executive director Eric Loh as chair.

Our board moves wrap includes Geoff Greenhill, Graham McGarry, Alex McCulloch, Rodney Johns, Simon Pooley, and Andrew Shearer.

Our board moves wrap includes Hansjoerg Plaggemars, Roger Steinepreis, Sean Rosenberg, Jamie Lyford, David Sproule, Makonga Pelesa, and Ian Wilson.

Our board moves wrap includes Mark Clements, John Palermo, Trevor Stoney, Boyd Timler, Edward Mead, Joan Dabon, Kim Hogg, Qiang Du, CanWu Zheng, HuiJie Duan, LingQuan Kong, Kevin Tomlinson, Trevor Schultz, Jess Oram, David Sproule, Michael Meintjes, and Graeme Rapley.

Our board moves wrap includes Jimmy Lim, John McKinney, Martin Buckingham, Attilenore Austria, Peter Hume, Pine van Wyk, Robert Martin, Michael Leu, Jess Oram, David Sproule, David Flanagan, Brett Lambert, and Greg Durack.

Our board moves wrap includes Richard Pearce, Siobhan Lancaster, Seamus Cornelius, Niels Wage, Simon Pooley, Steven Zaninovich, Denise McComish, Edward Greissing, Luisa Ingargiola, Nathan Bartrop, Andrea Betti, Ranko Matic, David Gay, Jonathan Hjelte, Rick McCormick, Tom Todd, Greg Swan, Melanie Ross, and Kelly Moore.

Our board moves wrap includes Brian Thomas, Annie Guo, Peter Ingram, Michael Thurn, Jeremy Whybrow, Patrick Glovac, and Vaughn Taylor.

Our board moves wrap includes Christopher Achurch, Henry Kinstlinger, Ted Coupland, and Joseph van den Elsen.