A dispute relating to Citation Resources, formerly chaired by Peter Landau, has continued with administrators launching a new legal action in the state's highest court.
A former ASX-listed mining company director has pleaded guilty over alleged misuse of bridging finance by authorising a transfer of $915,000 when the business was in financial difficulty.
Former dealmaker Peter Landau has pleaded guilty to theft, forgery and providing false documents to the corporate watchdog during his time at two failed exploration companies.
Automotive cooperative Capricorn Society has increased its stake in Fremantle-based environmental technology company Pearl Global (formerly Citation Resources) to 6.1 per cent after investing $1.8 million.
Local businessman Peter Landau will be subjected to more court action after China-controlled Nkwe Platinum filed a $2.5 million law suit in the Supreme Court of Western Australia.
Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.
Oil and gas company Citation Resources has launched proceedings in the Federal Court against its former chairman Peter Landau after an investigation revealed issues concerning $2 million worth of transactions.
Citation Resources' 40 per cent-owned subsidiary Pearl Global has struck a heads of agreement with a Singaporean renewable energy company to fund the development of up to 50 tyre recycling plants across Asia.
Oil and gas company Citation Resources is seeking to diversify its business by acquiring an initial 40 per cent interest in an unlisted firm that converts rubber waste into clean fuels, for a cash and share package worth about $7 million.
