APC - APC Minerals

Dona Ferentes said:

still $0.001

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if you're lucky



.
so, any news?


Australian Potash is pleased to announce the results of a comprehensive gold targeting review, including historic high-grade intercepts 20 kilometres north of Laverton, WA.
Highlights
• Previous reportedi gold intersections including 3m @ 10.17g/t Au, 4m @ 1.99g/t Au and 2m @ 1.19g/t Au at the Laverton Downs Project created a focus for the comprehensive targeting review
• LDP tenure straddles the Lancefield and the Rosemont-Barnicoat Gold Trends within the Laverton and Duketon greenstone belts just north of the north-eastern Goldfields town of Laverton
• Planning commenced for additional drilling into the Lancefield and Rosemont-Barnicoat Trends

.
funding?

someone somewhere somehow is a believer

Australian Potash Limited requests that the securities of the Company (ASX: APC) be placed in a trading halt with immediate effect.
For the purposes of ASX Listing Rule 17.1 and in support of its request, the Company advises that:
1. The trading halt is requested pending an announcement by the Company to the market in relation to a capital raising transaction.

*wipeout for current holders

Dona Ferentes said:

someone somewhere somehow is a believer

Australian Potash Limited requests that the securities of the Company (ASX: APC) be placed in a trading halt with immediate effect.
For the purposes of ASX Listing Rule 17.1 and in support of its request, the Company advises that:
1. The trading halt is requested pending an announcement by the Company to the market in relation to a capital raising transaction.

*wipeout for current holders

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Wow .. !! And exactly how do they intend to "raise capital ". This makes Lazarus look like a piker.

basilio said:

Wow .. !! And exactly how do they intend to "raise capital ". This makes Lazarus look like a piker.

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Crickey, I thought that APC was long dead and buried.
It was a company that I greatly benefited from so many moons ago, then it suffered the death thros.

The Company has issued Converting Loans to the value of $0.5m on the following terms:
• Converting Loans were issued at $1 each.
• Each Converting Loan can be converted, subject to shareholder approval, into fully paid ordinary shares in the Company at a price to be determined following the consolidation of the Company’s issued capital as proposed to shareholders for resolution at the Annual General Meeting scheduled for 27 November 2024.
• The Company plans to conduct an entitlement issue of shares to shareholders following the AGM with the terms of that issue to be determined in the period following the AGM.
• On conversion of the Converting Loans, holders will receive one (1) free option for each two (2) shares converted on the same terms as the current listed APCO.
• The Converting Loans are redeemable by holders on an Event of Default, which is broadly defined in respect to the Company as an occurrence of an Insolvency Event.
• The Converting Loans are unsecured.
• There are no other material terms pertaining to the Converting Loans other than listed above.

The capital raising was led by Canaccord Genuity (Australia) Limited.

PS. it's a gold play:

On December 12th, 2024, Australian Potash Limited changed its name to APC Minerals Limited.

System said:

On December 12th, 2024, Australian Potash Limited changed its name to APC Minerals Limited.

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APC promised so much and delivered even less, in the lemon category for me.

When you run out of ideas, change the company name - that will fix it. If that doesn't work, change the company name and ASX code then nobody will know it is us.