Exposure to gold and copper development projects

 

FLINDERS EXPLORATION (FEX) ACN 140 351 033

In 2017, the Company decided to refocus its activities on the sale of its principal projects with a view to creating liquid assets with potential upside which could be distributed to Shareholders. The Company achieved the sale of its principal assets, being the Black Cat and the Marymia gold projects, to Beacon Minerals and Gladiator Resources on 5 May and 19 June 2017 respectively. Following shareholder approval, the distributions to Shareholders were carried out for the GLA and BCN shares on 15 May and 28 June 2018 respectively.

To reduce financial commitments, the Company is intending to seek shareholder approval at the 2018 AGM to convert the Company from an unlisted public company to a proprietary company limited by shares.  The proprietary company structure is a more appropriate corporate structure for FEX given its current asset base and will bring with it the benefits of lower administrative, regulatory and compliance costs.

The Company will be seeking your support to approve the resolutions at the 2018 AGM. A copy of the 2018 Financial Report and the new proposed Constitution is also available for perusal on the Company’s website.

Kevin Wills
Chairman Flinders Exploration Limited
26 October 2018

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Registered Office

C/- KMT Partners
31 Hauteville Terrace
Eastwood, South Australia

POSTAL ADDRESS
PO Box 781
Kent Town SA 5071

Telephone 08 8431 0022
Fax 08 8464 5299

Email info@fexploration.com

www.fexploration.com

 
» Reports
» Directors
» Presentations
   
» 2018 Financial Report
For the year ended 30 June 2018
» 2018 Notice of AGM
» 2018 Chairman's Address
» Proposed Constitution
 
22 June 2017
Gladiator Resources
ASX Announcement
(PDF 86kb)
5 May 2017
Beacon Minerals
ASX Announcement
(PDF 182kb)
 
Australian projects