Corporate Hynesight

CORPORATE HYNESIGHT

Hynes Lawyers advises Strategic Minerals on its acquisition of Ebony Iron

Hynes Lawyers has advised Strategic Minerals plc on its successful GBP 9.4 million acquisition of Ebony Iron Pty Ltd, an Australian company. The primary asset of Ebony Iron is a shipment ready stockpile of 900,000 tonnes of magnetite in New Mexico. In addition, Ebony Iron has iron ore rights to three tenements in the Northern Territory, and...

New ASX listing rule - All ASX listed entities must have a trading policy

As at 1 January 2011 new listing rules (NLR) introduced by the ASX will be effective which require all listed entities to: Have a trading policy that satisfies specific requirements of NLR 12.12 (discussed below) (NLR 12.9).
Give a copy of their trading policy to ASX (NLR 12.9).
Provide the...

Foreign Investment Policy amendments: further clarity and scope for non-notifiable investment

On 30 June 2010, the Foreign Investment Review Board (FIRB) published the Australian Government’s revised Foreign Investment Policy (New Policy). The New Policy is the result of a sharp increase in investment proposals by foreign investors, mainly driven by significant investment in the resources industry by Chinese owned entities. ...

HKEx expands eligibility requirements for mineral companies to list

On 3 June 2010, amendments to the Listing Rules (New Rules) of the Hong Kong Exchanges and Clearing Limited’s (HKEx) Main Board and Growth Enterprises Market will come into effect, expanding the existing eligibility requirements for mineral companies wanting to list. The New Rules define a mineral company as ’a new applicant...

Update: ASIC delays best practice guidelines on handling confidential information

The Australian Securities and Investment Commission (ASIC) has announced that it will delay the release of its proposed best practice guidelines on handling confidential information (Guidelines) for six to nine months. This follows an uproar from critics that the Guidelines would inhibit the efficient functioning of capital markets by...

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