(CLN) Carlton Resources
Summary
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| Headline | Source | |
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| 15-06-10 | RNS |
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RNS Number : 5676N AIM 15 June 2010
NOTICE (295) 15/06/2010 7:00am
CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM
CARLTON RESOURCES PLC Trading on AIM for the under-mentioned securities have been cancelled from 15/06/2010 7:00am, pursuant to AIM Rule 41.
Ordinary Shares of 0.1p each (B0TNHV9)(GB00B0TNHV95)
If you have any queries relating to the above, please contact the company's nominated adviser on 020 7409 3494 Ref: AIMNOT295 This information is provided by RNS The company news service from the London Stock Exchange END
AMOEAAKLFELEEFF More |
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| 14-06-10 | RNS |
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RNS Number : 5212N Carlton Resources PLC 14 June 2010 Carlton Resources Plc ("Carlton" or the "Company") Delisting from AIM The board of directors of Carlton (the "Board") today announces that in accordance with Rule 41 of the AIM Rules for Companies and as a result of the fact that the Company's ordinary shares of 0.1p each ("Ordinary Shares") having been suspended from trading on AIM for a period of six months, the cancellation of admission of the Company's Ordinary Shares to trading on AIM, will take effect from 7.00 a.m. tomorrow, Tuesday 15 June 2010. The Board has taken a view that it is vital that a transaction entered into by the Company must be of the highest quality, be readily financeable and offer significant upside potential. A large number of projects have been reviewed but to this date the Board does not believe a suitable asset has been identified. The search continues and is an active process. The Board is mindful that shareholders have lost liquidity in the stock and is committed to a relisting of the Company as soon as possible. The Board's view is fully supported by Nyota Minerals Limited (ASX/AIM: NYO), the Company's largest shareholder, who hold 28.49% of the Company's Ordinary Shares. The relisting process is procedurally similar to the requirements to acquire a significant asset and will not place an additionally onerous burden on the Company. Further information will be made available on the Company's website, www.carltonresourcesplc.com, in due course. For further information, please contact:
Mark Burchnall (Chief Executive)
Strand Hanson Limited (Nominated Adviser) Tel: +44 20 7409 3494
Warren Pearce/Paul Cocker
Shaun Whyte
Charlie Geller/Leesa Peters This information is provided by RNS The company news service from the London Stock Exchange END
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| 31-03-10 | RNS |
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RNS Number : 4948J Carlton Resources PLC 31 March 2010 Carlton Resources plc ("Carlton" or the "Company") Lapse of Option The Directors of Carlton announce that the Company has today allowed its option to acquire all of the shares in Tobon Tondo suarl ("Tobon"), the Malian gold company, to lapse. The Directors have taken this decision due to a combination of delays in the due diligence process in relation to Tobon and in the perceived timeframe for raising funds to finance the Tobon acquisition. The Company continues to undertake due diligence in relation to a number of other potential mineral project acquisitions located in Africa, in line with its stated investment strategy. The Directors would like to reassure shareholders that they are committed to ensuring Carlton has a future life as an AIM-listed company. Ensuring that the right mix of assets and cash are injected into the Company is the key to its future, and the Directors continue to work towards this objective. For further information, please contact:
Mark Burchnall (Chief Executive)
Strand Hanson Limited (Nominated Adviser) Tel: +44 20 7409 3494
Warren Pearce/Paul Cocker
Shaun Whyte
Charlie Geller/Leesa Peters This information is provided by RNS The company news service from the London Stock Exchange END
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| 22-03-10 | RNS |
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RNS Number : 9774I Carlton Resources PLC 22 March 2010
Carlton Resources Plc ("Carlton" or the "Company") Interim Results for the six months ended 31 December 2009 Carlton Resources Plc (AIM: CLN), announces its interim results for the six months ended 31 December 2009. Key points
For further information:
Mark Burchnall, Chief Executive Officer
Warren Pearce / Paul Cocker Carlton Resources Plc Chairman'sand Chief Executive's Statement In the six month period to 31 December 2009, the Company continued to implement the restructuring and rebuilding measures established by the Board in the early part of the year with a view to preparing it for new opportunities. Following the capital reorganisation and fundraising undertaken in June 2009, the Board of the Company was restructured in October 2009 such that Melissa Sturgess was appointed non-executive Chairman, Mark Burchnall moved from a non-executive position to Chief Executive and Martyn Churchouse moved to a non-executive role. As announced during the period, the Company continued to investigate a number of mineral opportunities in Africa with a view to making a suitable acquisition that would benefit shareholders. This process culminated in the announcement on 14 December 2009 that the Company had entered into an option agreement for the potential acquisition of Tobon Tondo suarl, a Malian company holding two highly prospective gold permits, although the Company continues to evaluate other opportunities. Pursuant to the AIM Rules, the announcement of the option led to the suspension from trading of the Company's shares on AIM. Trading in the Company's shares will be restored following completion of an acquisition (which will constitute a reverse takeover, as defined in the AIM Rules), prior to 11 July 2010. Such an acquisition will require the approval of shareholders. The directors are working towards concluding such an acquisition in the near future and look forward to delivering positive news to shareholders in this regard. Mark Burchnall Chief Executive Officer 22 March 2010
INDEPENDENT REVIEW REPORT TO CARLTON RESOURCES PLC Introduction We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial report for the six months ended 31 December 2009 which comprises the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and the related explanatory notes. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements. Directors' responsibilities The interim report, including the financial information contained therein, is the responsibility of and has been approved by the directors. The directors are responsible for preparing the interim report in accordance with the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market which require that the half-yearly report be presented and prepared in a form consistent with that which will be adopted in the company's annual accounts having regard to the accounting standards applicable to such annual accounts. Our responsibility Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the half-yearly financial report based on our review. Our report has been prepared in accordance with the terms of our engagement to assist the company in meeting the requirements of the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market and for no other purpose. No person is entitled to rely on this report unless such a person is a person entitled to rely upon this report by virtue of and for the purpose of our terms of engagement or has been expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby expressly disclaim any and all such liability Scope of review We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, ''Review of Interim Financial Information Performed by the Independent Auditor of the Entity'', issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly financial report for the six months ended 31 December 2009 is not prepared, in all material respects, in accordance with the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market.
BDO LLP Chartered Accountants and Registered Auditors Location United Kingdom Date BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127). Carlton Resources Plc Statement of comprehensive income
2009 2008 2009
Continuing operations
subsidiaries
taxation
continuing operations Discontinued operations
discontinued operations
attributable to equity holders of the parent
translation of operations
attributable to owners of the parent Loss per share expressed in pence per share
From continuing operations:
From discontinued operations:
From all operations:
Carlton Resources Plc Statement of financial position As at 31 December 2009
2009 2008 2009
Assets
Non-current assets
including mining properties
Current assets
Liabilities
Current liabilities
assets classified as held for sale
Carlton Resources Plc Statement of financial position (continued) As at 31 December 2009
2009 2008 2009
Capital and reserves attributable to
owners of the parent
Carlton Resources Plc Unaudited Statement of changes in equity
Group
the period
Company
the period
costs
Company
the period
costs
Carlton Resources plc Statement of cash flows
2009 2008 2009
Cash flow from operating
activities
Adjustments for:
impairment
payment expense
subsidiaries
assets
activities before changes in working capital
and other payables
and other receivables
operating activities
Cash flow from investing
activities
and equipment
subsidiaries
investing activities
Cash flow from financing
activities
ordinary shares net of issue
costs
activities
cash and cash equivalents
the beginning of the period
cash equivalents
the end of the period
Classified as:
261 631 414 Carlton Resources Plc Notes to the unaudited interim financial statements For the half year ended 31 December 2009
The financial information set out above is based on the financial statements of Carlton Resources Plc (referred to as 'Carlton' or 'Company'). The accounts of the Company for the six months ended 31 December 2009, which are unaudited, were approved by the Board on 22 March 2010. In accordance with s435 of the Companies Act 2006, such unaudited results do not constitute statutory accounts of the Company or Group. These accounts have been prepared in accordance with the accounting policies set out in the Report and Financial Statements of Carlton Resources Plc for the year ended 30 June 2009. The statutory accounts for the year ended 30 June 2009 have been filed with the registrar of Companies. The auditors' report on those accounts was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 498(2) or 498(3) of the companies act 2006. These accounts have not been audited by the Company's auditors. The Company's Report and Financial Statements for the year ended 30 June 2009 reflected the disposal of its diamond and industrial operations in January 2009. As at 30 June 2009 and as at 31 December 2009, the Company was not a parent as defined by the Companies Act 2006. The comparative interim financial information for the period to and as at 31 December 2008 represents the consolidated financial information as previously reported, as a Group existed at this time. The Group financial statements are prepared in Great British Pounds, and all values are rounded to the nearest thousand Pounds (£'000) except when otherwise indicated. Based upon forecasts, the Directors believe that Carlton has sufficient cash to pay existing creditors. However, it is recognised that in order to pursue any future opportunity, as outlined in the Chairman's and Chief Executives Statement, there will be a need to raise finance in the form of equity or debt. The Directors remain optimistic at this point in time of being able to raise the required finance, providing a suitable opportunity can be sourced and therefore these financial statements have been prepared on a going concern basis.
There were no changes in accounting policies during the six months ended 31 December 2009. Carlton Resources Plc Notes to the unaudited interim financial statements For the half year ended 31 December 2009
On 3 December 2008, the Company entered into an agreement ("Sale Agreement") to sell its South African and Tanzanian diamond and industrial projects and operations (being all of the Company's operations) to Belmont Mining Limited ("Belmont"), by way of a sale of all the shares in certain Company subsidiaries to Belmont. The Sale Agreement was conditional upon the approval of the Company's shareholders being obtained, which occurred at the Extraordinary General Meeting of the Company held on 8 January 2009. The results of the discontinued operations included in the statement of comprehensive income and the cash flows from discontinued operations included in the statement of cash flows are set out below for the six months ended 31 December 2008.
Loss from discontinued operations
2008
Continuing operations
discontinued operations
Cash flows from discontinued operations
(27) Carlton Resources Plc Notes to the unaudited interim financial statements For the half year ended 31 December 2009
Basic loss per share is calculated by dividing the loss attributable to the ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. For diluted loss per share, the weighted average number of shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares. Reconciliations of the loss and weighted average number of shares used in the calculations are set out below:
2009 2008 2009
From continuing operations
Earnings:
holders of the parent
Share
From discontinued operations
Earnings:
holders of the parent
Share
Total operations
Earnings:
holders of the parent
Share Carlton Resources Plc Notes to the unaudited interim financial statements For the half year ended 31 December 2008
2009 2008 2009
shares for the calculation of
Basic and Diluted Loss per
Share
Basic and diluted Loss per
Share - pence
The following potential issues of Ordinary Shares, which may be dilutive in future periods, have been excluded from the calculation of diluted loss per share for the period as these potential issues are anti-dilutive:
LLP on 27 February 2006
and Montagu Stockbrokers Pty Limited on 21
September 2007
Limited and Amarone Resources Limited on 2
July 2009
KimCor share option scheme
Carlton Resources Plc - Global Share Option Plan Carlton Resources Plc Notes to the unaudited interim financial statements For the half year ended 31 December 2009
As described in note 3, the Group disposed of its diamond and industrial operations, following shareholder approval on 8 January 2009. The major classes of assets and liabilities comprising the assets classified as held for sale at the statement of financial position date are:
2008
Assets classified as held for sale
Liabilities directly associated with assets classified as held
for sale
for sale
In accordance with the relevant accounting standards, prior year statements of financial position have not been restated. This information is provided by RNS The company news service from the London Stock Exchange END
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| 03-01-12 | ||||
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MS2, thanks for your post. Helpful to have got some kind of answer. My stock broker was adament that any Company delisted this long could not back back on the table, but with this one it really does look as though there is some kind of hope at least!!
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| 03-01-12 |
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I had the following email from MS.
Carlton is still an unlisted shell. It approximately 10% of Luiri Gold Mines Limited which is not enough for the AIM authorities to allow a relisting. It is looking for an investment to relist--valuation will be a key as the company has many shareholders but low levels of cash. END I assume she has omitted the word owns in the second sentence. So not much we didn't know but at least they are still looking. MS2 |
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| 28-12-11 |
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w2
I have just phoned the enquiry number on the last RNS to be told that the Company was not his client and he could not give me any information that was not in the marketplace. I asked if the company was dead or still looking for projects and he gave me the same stock answer. I then asked him if Nyota could tell me anything and I was once more fobbed off by miding behind the rules and regs. I am off to email MS and will come back to you. Sorry I can't be more helpful. MS2 |
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