www.kingsgate.com.au
  • Home
  • About Kingsgate
    • Profile
    • Board of Directors
    • Corporate Governance
    • Gallery
  • Investors
    • Newsdesk
      • Latest News
      • Share Registry Details
    • Documents
      • Announcements
      • Annual Reports
      • Quarterly Reports
      • Presentations
      • Media Coverage
  • Projects
    • Chatree
      • Overview
    • Nueva Esperanza
      • Overview
    • Exploration
      • Reserves & Resources
  • Contact
    • Contact Us
  • Search
  • Menu

Investors

Any information on the NGPI Takeover Offer for Kingsgate will be listed on this page.

Download the Target’s Statement

Takeover News

Supplementary Target’s Statement

November 1, 2016/in News /by Simon Pierce

Kingsgate Consolidated Limited – Supplementary Target’s Statement

Please find attached Kingsgate Consolidated Limited – Supplementary Target’s Statement

Ross Coyle
Company Secretary

Read more…


PDF Download

pdf_icon Download the full Announcement as a pdf by clicking on the icon

https://www.kingsgate.com.au/wp-content/uploads/2014/03/ASX-Icon.png 80 80 Simon Pierce https://www.kingsgate.com.au/wp-content/uploads/2015/05/KCN_WebLogo_SMALL.png Simon Pierce2016-11-01 17:38:222018-04-30 10:54:49Supplementary Target’s Statement

Nueva Esperanza Gold/Silver Project Update

November 1, 2016/in News /by Simon Pierce

Nueva Esperanza Gold/Silver Project Exploration Update

Kingsgate Consolidated (ASX:KCN) (“Kingsgate” or the “Company) is pleased to provide an update on exploration activities at its 100% owned Nueva Esperanza Project in Chile. The spring exploration
season commenced in September 2016, and forms part of a previously announced US$3 million exploration budget for FY17 which will focus on district targets separate from the three existing resource areas. For the balance of the 2016/17 season exploration will be focused on detailed geological mapping, surface sampling, Air-Blast and RC drilling.

Read more…


PDF Download

pdf_icon Download the full Announcement as a pdf by clicking on the icon

https://www.kingsgate.com.au/wp-content/uploads/2014/03/ASX-Icon.png 80 80 Simon Pierce https://www.kingsgate.com.au/wp-content/uploads/2015/05/KCN_WebLogo_SMALL.png Simon Pierce2016-11-01 15:13:322018-04-30 10:54:50Nueva Esperanza Gold/Silver Project Update

Update on Thai Media Reports on the Chatree Gold Mine

November 1, 2016/in News /by Simon Pierce

Update on Thai Media Reports on the Chatree Gold Mine

Kingsgate Consolidated (ASX:KCN) (“Kingsgate” or the “Company”) has been made aware of some alleged recent comments by the Thai Minister of Industry reported in the Thai media that relate to the premature closure of the Chatree Gold Mine on 31 December 2016.

The following is a summary of those reports:

  • The Ministry of Industry is not certain that it has the power under existing Thai law to prematurely close the Chatree Gold Mine, including the non-renewal of its metallurgical licence;
  • There is no conclusive evidence of hazardous waste or contamination caused by the Chatree Gold Mine. The Ministry of Industry expects a study conducted by various government authorities into this matter to be finalised in November;
  • The Ministry of Industry is discussing the situation internally and will consult with the Deputy Prime Minister in relation to the resulting legal implications of the premature closure of the Chatree Gold Mine;
  • The Thai Government plans to establish a Mineral Management Committee, chaired by the Prime Minister to develop mining policies including a policy for mineral exploration; and
  • The Thai Cabinet has instructed the Ministry of Industry to consider the impact of the matter on the Free Trade Agreement between Thailand and Australia.

Neither Kingsgate nor its Thai subsidiary Akara Resources Public Company Limited, have received any communication from the Thai Government in relation to these matters, and accordingly are unable to assess what weight, if any, should be given to these remarks.

The media reports themselves are contradictory in certain respects, and the Thai press should not necessarily be regarded as a reliable source of information of this type.

Greg Foulis

Chief Executive Officer
Kingsgate Consolidated Limited


PDF Download

pdf_icon Download the full Announcement as a pdf by clicking on the icon

https://www.kingsgate.com.au/wp-content/uploads/2014/03/ASX-Icon.png 80 80 Simon Pierce https://www.kingsgate.com.au/wp-content/uploads/2015/05/KCN_WebLogo_SMALL.png Simon Pierce2016-11-01 13:51:062018-04-30 10:54:50Update on Thai Media Reports on the Chatree Gold Mine

Update on Chatree Gold Mine Metallurgical Licence

October 28, 2016/in News /by Simon Pierce

Update on Chatree Gold Mine Metallurgical Licence

Kingsgate Consolidated’s (ASX:KCN) (“Kingsgate” or the “Company”) Thai controlled subsidiary, Akara Resources Public Company Limited (“Akara”), will today submit an application for a 5 year renewal of the Metallurgical Licence for the Chatree Gold Mine. This renewal application follows an announcement by the Thai Government in May 2016, to only extend Akara’s Metallurgical Licence until 31 December 2016. Lodgement of a renewal application for the Metallurgical Licence is required to be made by 60 days prior to its expiration under Thai Law. There can be no assurance that such an application will be successful. Kingsgate continues to push for remedies to the premature closure of the Chatree Gold Mine.

In addition, Akara has also released a Community Survey taken across approximately 1,800 households in the vicinity of the mine that was undertaken in accordance with the Thai Department of Primary Industries and Mines “Social Licence to Operate” guidelines. The Community Survey reported a high satisfaction rate with the Chatree Gold Mine and its operations.

Greg Foulis

Chief Executive Officer
Kingsgate Consolidated Limited


PDF Download

pdf_icon Download the full Announcement as a pdf by clicking on the icon

https://www.kingsgate.com.au/wp-content/uploads/2014/03/ASX-Icon.png 80 80 Simon Pierce https://www.kingsgate.com.au/wp-content/uploads/2015/05/KCN_WebLogo_SMALL.png Simon Pierce2016-10-28 15:42:112018-04-30 10:54:50Update on Chatree Gold Mine Metallurgical Licence

Media Release: Kingsgate Directors REJECT Northern Gulf Petroleum Takeover Offer

October 17, 2016/in News /by KCN Web Admin

Kingsgate Directors REJECT Northern Gulf Petroleum Takeover Offer

The Directors of Kingsgate Consolidated Limited (ASX:KCN) (“Kingsgate” or the “Company”) have today unanimously advised shareholders to REJECT the opportunistic and inadequate proportional takeover offer by Singapore-based Northern Gulf Petroleum International Pte. Ltd. (“NGPI”) of 4.2 cents per Kingsgate share.

In the Target’s Statement released to Kingsgate shareholders today, the Directors advise that Grant Thornton Corporate Finance, acting as an Independent Expert, has concluded that the offer is NOT FAIR and NOT REASONABLE. This conclusion supports the view held by the Kingsgate Board that the NGPI offer significantly undervalues the Company.

The offer is materially lower than the Independent Expert’s value range of 27.9 to 42.0 cents per share. It also fails to recognise Kingsgate’s improved prospects and financial position; is highly opportunistic in its structure and timing; and ignores the strong potential of Kingsgate’s flagship asset, the Nueva Esperanza Gold/Silver Project in Chile.

The Bidder’s Statement is unclear and uncertain regarding the future operation and growth of Kingsgate should NGPI gain control.

Read More


PDF Download

pdf_icon Download the full Announcement as a pdf by clicking on the icon

https://www.kingsgate.com.au/wp-content/uploads/2014/03/ASX-Icon.png 80 80 KCN Web Admin https://www.kingsgate.com.au/wp-content/uploads/2015/05/KCN_WebLogo_SMALL.png KCN Web Admin2016-10-17 20:49:182018-04-30 10:54:50Media Release: Kingsgate Directors REJECT Northern Gulf Petroleum Takeover Offer

NGPI Takeover – Target’s Statement

October 17, 2016/in News /by Simon Pierce

NGPI Takeover Offer for Kingsgate
– Target’s Statement

Your Directors unanimously recommend that you

REJECT

the inadequate and unsolicited takeover offer by Northern Gulf Petroleum International Pte. Ltd. to acquire 50.1% of your Kingsgate Shares for 4.2 cents cash per Share.

You should read the entire document. If you are in doubt as to what you should do, you should obtain independent advice from your investment, financial, tax or other professional adviser.
If you have any questions about the Offer, please contact the Kingsgate Shareholder Information Line on 1 800 882 102 (toll free) (within Australia) or +61 1 800 882 102 (outside Australia).


PDF Download

pdf_icon Download the full Target’s Statement as a pdf by clicking on the icon

https://www.kingsgate.com.au/wp-content/uploads/2014/03/ASX-Icon.png 80 80 Simon Pierce https://www.kingsgate.com.au/wp-content/uploads/2015/05/KCN_WebLogo_SMALL.png Simon Pierce2016-10-17 09:47:572018-04-30 10:54:50NGPI Takeover – Target's Statement

Corporate

Latest Announcements

TAFTA Update 18 February 2021
18/02/2021
Quarterly Activities and Cashflow Reports
29/01/2021
Final share buy-back notice – Appendix 3F
27/11/2020

Gallery

  • Chile Location MapNueva Esperanza DiagramsSeptember 3, 2013 - 4:13 pm
  • Nueva Esperanza PhotographsSeptember 3, 2013 - 4:06 pm

 

News

  • Virtual AGM – Online GuideNovember 17, 2020 - 3:44 pm
  • Update on the Gold Sludge held at the Chatree Gold MineSeptember 10, 2020 - 10:12 am
  • Kingsgate Receives Settlement Monies from InsurersApril 11, 2019 - 12:06 pm
Twitter
Linkedin
YouTube
Email
© Copyright - kingsgate.com.au | Website by APM Graphics Management
Scroll to top