Former Continental Coal director Peter Landau has been sentenced to more than five years in prison over several charges, including stealing as a director.
Ashley Paul D'Sylva has been sentenced to eight months imprisonment after pleading guilty over financial misuse while he was a director at Continental Coal.
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.
Two directors and the company secretary of ASX-listed Continental Coal have been charged with breaching their duties, as well as providing false and misleading statements.
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.
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.
Copper-gold explorer AusAmerican Mining is set to add an operating copper-lead-zinc mine and a major copper development project in the Republic of Congo to its portfolio of assets, with the transaction worth $US49 million.
Oil and gas explorer Range Resources has appointed Rory Scott Russell as its new chief executive, with executive director Peter Landau having stepped down from his position.
Continental Coal has secured a short-term funding deal which will allow it to continue trading but at the expense of its chief executive and several other directors.
Range Resources says it may no longer proceed with a planned $105 million takeover of International Petroleum in the wake of the oil and gas explorer selling its assets in Russia and Kazakhstan.
Range Resources has launched a plan to merge with Russia and Kazakhstan-focused oil and gas explorer International Petroleum, in an all-scrip off-market deal worth around $105 million.
