Latest Governance And Compliance News

AdAlta Limited has successfully placed the remaining shortfall in its renounceable rights issue, raising a total of $1.3 million to advance its cellular immunotherapy pipeline. The company also addressed an administrative breach involving director share allocations, ensuring compliance with ASX rules.

Yowie Group Ltd has firmly rejected the validity of director removal and nomination notices purportedly from Keybridge Capital, while confirming its status as Keybridge’s largest creditor with over $6.6 million owed. The company also detailed a recent share placement amid ongoing regulatory scrutiny.

The NSW Court of Appeal has dismissed an appeal challenging the replacement of Keybridge Capital's directors and confirmed the end of its external administration, marking a pivotal governance shift for the investment group.

The Takeovers Panel has declined Emu NL’s request to review a prior decision, citing insufficient evidence and no compelling case of association. This regulatory setback leaves Emu NL without recourse for now.

Papyrus Australia has issued a revised Appendix 4C for the March 2025 quarter, correcting the treatment of $527k in R&D expenditure previously reported as cash payments. This adjustment also impacts prior monthly and quarterly cash flow reports dating back to November 2024.

Admiralty Resources NL reported a modest operating cash inflow of A$398,000 for Q1 2025, offset by significant investing outflows tied to the Mariposa project. The company maintains a solid cash position supported by existing loan facilities maturing at year-end.

Enova Mining reports significant high-grade titanium discoveries at its CODA North and Central projects in Brazil, supported by a $1.5 million placement to accelerate exploration and development.

DMC Mining Group reported a modest cash outflow for the March quarter while securing a key loan facility variation and progressing a $6 million capital raising to support ongoing operations.

Nagambie Resources Limited reported a net cash outflow in Q1 2025 amid ongoing exploration spending, supported by a $3 million secured loan facility and plans for a share placement to fund future operations.

Pengana International Equities Limited reported a striking 189% increase in net profit for the half-year ended December 31, 2024, alongside an 11% portfolio return and consistent fully franked dividends.

Northern Star Resources has reported a remarkable 155% surge in net profit for the half year ended December 2024, driven by higher gold prices and solid operational output. The company also announced a 25 cent per share interim dividend, underscoring confidence in its financial strength.

Merchant House International Limited has voluntarily suspended trading on the ASX following the resignation of its only Australian director, Ian Burton. The suspension is expected to last until a new Australian director is appointed, anticipated by late February.