Each one in plain English, with the numbers worked through for a shareholder.
28 Nov 2007director officer appointment● NeutralMajor
Michael Hunt, a mining lawyer and founding chairman of Red Back Mining, became non-executive chairman, and Rowan Armstrong became operations manager. Director Ed Mead resigned, so two AGM resolutions were withdrawn. Isicebi coal acquisition still in due diligence.
7 Nov 2007asset acquisition disposition▲ GoodMajor
Comdek signed to buy 100% of Isicebi Carbon Mining, which has the right to earn 70% of three Waterberg coal projects in South Africa (3,160 hectares). An initial inferred resource of 415 million tonnes was calculated. Adds a coal thread beside the Cameroon uranium plan.
12 Oct 2007asset acquisition disposition▲ GoodMajor
Due diligence on Uranex SA was completed; it holds three uranium licences in southeast Cameroon covering about 2,935 sq km. Acquisition of 80% now needs only shareholder approval at the AGM, with exploration expected from late 2007.
Ed Mead and Scott Douglas were appointed directors and Mark Clements company secretary. Ian Hobson (director and secretary) and Peter Christie resigned, continuing the board turnover after the company's reconstruction.
Preliminary results for year to 30 June 2007: loss of $1.125m, including $750k from the Deed of Company Arrangement. Revenue was $311k and cash $986k. The company was recapitalised and relisted; the audit is likely to be qualified.
Short-form prospectus to allow trading of shares from the July 2007 placement (45.06m shares at 2.5c, $1.1265m) and 40m shares issued to vendors of Uranex SA at a deemed 2.5c. Also offers 2,000 shares to raise $50.
17 July 2007capital raising announcement▲ GoodMajor
Comdek closed a placement of 49.96 million shares at 2.5 cents to raise $1.249m, fully subscribed. Part of the allotment to related parties needs shareholder approval.
4 Dec 2006director officer appointment● NeutralMajor
After the Deed Administrator retired, Ian Hobson (director and secretary), Peter Christie and Peter Pawlowsitsch became directors on 29 November 2006. Jeffrey Garrett, Hendy Cowan, Haydn Collins and David Falconer resigned. Board fully replaced as the company's administration ended.
Text not readable. The title indicates a receiver and manager was appointed to the company, which would be a distress event, but details cannot be confirmed from the text.