Latest Insider Trades News

Forrestania Resources now has a 63.10% relevant interest in Zenith Minerals, with the unconditional takeover offer due to close on 12 November unless automatically extended. Three existing directors will resign the following day as Forrestania nominees prepare to take control of the board.

Hammer Metals has set 13 November for the Federal Court to consider approval of Austral Resources Australia’s proposed acquisition of the company. The hearing comes after shareholders are due to vote on the scheme and a linked demerger on 9 November.

Terramin Australia faces an ASX compliance test after lodging a director interest notice seven days after the exchange says it was due. The company must explain the delay and its disclosure controls by 4 November or risk a trading halt or suspension.

Unity Metals has disclosed that three directors failed to lodge notices after unlisted options expired in May, exposing a wider compliance lapse than first identified. The company says no securities were traded and has introduced tighter monitoring controls.

Eve Health Group (ASX:EVE) says it knows of no undisclosed information that would explain a sharp fall and surge in trading volume. The company suggested selling by a formerly associated shareholder may have contributed, without identifying the seller or quantifying the disposal.

Hammer Metals has dispatched an amended scheme booklet after correcting several computational errors in performance-rights valuations and director-interest disclosures. The proposed Austral takeover remains unchanged, with shareholder votes scheduled for 9 November and the independent expert’s favourable conclusion intact.

Aspermont has acknowledged that a director’s initial interest notice was lodged around eight months late, after ASX raised possible breaches of its disclosure rules. The company blamed an administrative oversight and said it will tighten appointment procedures, but no penalty or formal breach finding was disclosed.

The Takeovers Panel has declared unacceptable circumstances at DGR Global after finding that Nicholas Mather, Paul Simpson and associated entities coordinated acquisitions that lifted their combined voting power to 45.43%. Final orders, which could determine the treatment of the transactions and voting rights, have not yet been made.

Micro-X has told ASX it is unaware of any undisclosed information explaining the sharp move in its shares, which rose from $0.030 to $0.045 during 23 September trading. The company pointed to elevated volumes, earlier institutional selling and chairman Patrick O’Brien’s purchase of 1.36 million shares.

Kalgoorlie Gold Mining has secured A$2.3 million through a placement and launched a fully underwritten A$1.1 million entitlement offer to fund exploration at its Pinjin Gold Project. The capital will target new drilling at the Lighthorse discovery, where earlier assays included high-grade gold within broader mineralised intervals.

Income Asset Management Group has attributed a late director interest notice to an administrative oversight and miscommunication, after ASX questioned whether disclosure rules may have been breached. IAM says it has reiterated its director reporting process and will strengthen controls if required.

Leeuwin Metals has rejected the possibility of undisclosed exploration results driving a sharp rise in its share price, after ASX queried the move from $0.22 to $0.295. The gold explorer pointed instead to recent Marda news, a company-funded research report, stronger gold prices and buying by a substantial holder.