Talk:Astra Resources

Issues
This article was created by a sockpuppet of user known for PR and promotion who was indef blocked because of it, and the article has been largely edited by meatpuppets of the corporation itself. All of the sources are also just press releases from the corporation as well. I accidentally toggled this for speedy delete but I am inclined to propose it for deletion anyway... dsprc  [talk]  05:36, 19 June 2014 (UTC)

Astra Resources - Action by Australian Government

http://www.asic.gov.au/asic/asic.nsf/byheadline/14-108MR+ASIC+takes+civil+action+against+Astra+Resources+and+its+directors?openDocument

"14-108MR ASIC takes civil action against Astra Resources and its directors

Wednesday 21 May 2014

ASIC has started legal action against Astra Resources PLC (Astra Resources) and its directors, alleging the company illegally raised more than $7.6 million from almost 300 Australian investors between September 2011 and September 2012.

ASIC’s civil proceedings in the Federal Court of Australia are against Astra Resources, directors Jaydeep Biswas and Silvana De Cianni, and former director Barrie Meerkin. Astra Resources subsidiary, Astra Consolidated Nominees Pty Ltd (Astra Nominees), is also facing legal action.

ASIC is seeking declarations of contravention against the companies and disqualification orders against Jaydeep Biswas and Barrie Meerkin, both of Brisbane, and Adelaide-based Silvana De Cianni.

It is alleged Astra Nominees made offers of Astra Resources shares while Astra Resources distributed share application forms to investors.

ASIC alleges that funds were raised from investors in Australia in breach of the Corporations Act 2001, which requires a prospectus or disclosure document to be provided to investors so that they have all the information they need to make an informed decision about whether or not to purchase shares.

ASIC alleges Jaydeep Biswas, Barrie Meerkin and Silvana De Cianni failed to take reasonable steps as directors to prevent the illegal fundraising.

ASIC is seeking orders to have Astra Resources and Astra Nominees inform affected shareholders that they may elect to have the share purchase contracts set aside and claim a refund or damages.

The proceedings are listed for a directions hearing in the Federal Court in Adelaide on 3 June 2014.

Background

Astra Resources, which is London-based and has an office in Adelaide, claims to control an extensive global portfolio of mining projects."

See also http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/ASIC%20Statement%20of%20Claim%20filed%203%20June%202014.pdf/$file/ASIC%20Statement%20of%20Claim%20filed%203%20June%202014.pdf

See also http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Letter--ASIC-proceedings--Astra-Resources-Astra-Consolidated-Nominees--21-May-2014.pdf/$file/Letter--ASIC-proceedings--Astra-Resources-Astra-Consolidated-Nominees--21-May-2014.pdf — Preceding unsigned comment added by 58.107.114.9 (talk) 13:16, 21 June 2014 (UTC)

External links modified
Hello fellow Wikipedians,

I have just modified 4 one external links on Astra Resources Plc. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
 * Added archive https://web.archive.org/web/20130810094132/http://astraresources.co.uk/en/about/about-the-company to http://www.astraresources.co.uk/en/about/about-the-company
 * Added archive https://web.archive.org/web/20130515004422/http://www.astraresources.co.uk/en/globalprojects/industrial-and-energy-technologies/t-steel to http://www.astraresources.co.uk/en/globalprojects/industrial-and-energy-technologies/t-steel
 * Added archive https://web.archive.org/web/20140711084818/http://asic.gov.au/asic/asic.nsf/byheadline/14-108MR+ASIC+takes+civil+action+against+Astra+Resources+and+its+directors?openDocument to http://www.asic.gov.au/asic/asic.nsf/byheadline/14-108MR+ASIC+takes+civil+action+against+Astra+Resources+and+its+directors?openDocument
 * Added archive https://web.archive.org/web/20140711084818/http://asic.gov.au/asic/asic.nsf/byheadline/14-108MR+ASIC+takes+civil+action+against+Astra+Resources+and+its+directors?openDocument to http://www.asic.gov.au/asic/asic.nsf/byheadline/14-108MR+ASIC+takes+civil+action+against+Astra+Resources+and+its+directors?openDocument

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