Subject to shareholder approval, New Energy Minerals Ltd (ASX:NXE) (FRA:GGY) (OTCMKTS:MTTGF) has conditionally agreed to acquire 100% of Placer Gold Pty Ltd, the holder of three granted gold-antimony Exploration Permits in Northern Queensland known as the Hurricane Project.
New Energy Minerals Ltd (ASX:NXE) New Managing Director Appointed & other board changes
OTCMKTS:MTTGF) is pleased to announce that Mr Andrew Haythorpe has been appointed as Managing Director of the Company, effective 3 May 2021.
Initially, he will serve part-time as he oversees the process of seeking the re-admission of the Company to ASX, including the completion of the acquisition of a new mineral project for the Company, particulars of which are proposed to be announced shortly with ASX permission. He will convert to being full-time as the project requires. He is based in Perth, Western Australia.
Mr Haythorpe has a BSc (Hons) in Economic Geology from James Cook University in Townsville, Queensland and joins the Company as a very experienced gold geologist, former gold mining analyst and Director with considerable public company experience. He is currently Chairman of Allup Sand Pty Ltd and a Director of Lithium Consolidated and Stunalara Pty Ltd (BetterCells) and Fo
New Energy Minerals Ltd (ASX:NXE) Quarterly Report Mar 2021 & Appendix 5B
Quarterly Report Mar 2021 & Appendix 5BSydney, April 23, 2021 AEST (ABN Newswire) - New Energy Minerals Limited (
Corporate Update
New Project Acquisition
The Company has previously announced with the closing of the Balama Sale Transaction on 17 July 2020 that it has no further operations in Mozambique and that the closing also represented a disposal of its main undertaking as previously re-approved by shareholders at a general shareholder meeting on 13 May 2020.
Subsequently, the Company agreed to acquire a new mineral project and on 13 October 2020 requested a trading halt pursuant to ASX Listing Rule 17.1 pending announcement of a project acquisition.
New Energy Minerals Ltd (ASX:NXE) Settlement of Disputes with Arena
OTCMKTS:MTTGF) announces that it has reached a settlement with Arena Structured Private Investments (Cayman) LLC ( Arena ), in relation to a $2.5 million (face value) convertible note facility provided to the Company which has been the subject of a claim by Arena and counterclaim by New Energy following the termination of the Convertible Note Deed in November 2018.
The Convertible Note Deed was executed on 5 January 2018 and followed by an Amendment Deed executed on 22 May 2018 and a Consent Deed executed on 13 August 2018.
New Energy has previously announced that Arena commenced proceedings against the Company in the Supreme Court of Western Australia whereby it sought declarations and orders that New Energy is liable to pay Arena the outstanding Principal Amount of $2,500,000, a Termination Payment of $2,535,000, interest and legal costs.