Opal Horizon Limited Annoucements

Voting Results of General Meeting on 25 October 2011

Wednesday, 26 October 2011

Resolution 1: 

That for the purposes of section 254H of the Corporations Act 2001, and for all other purposes, the Company approves the consolidation of every 3 fully paid ordinary shares on issue into 1 fully paid ordinary share and of every 3 options on issue into 1 option, with fractions of a share or an option being rounded up to the nearest whole number.

For: 56,347,541 (83.96%)  Against: 0

Resolution 2:

That with effect from the close of the Meeting, the Constitution be amended by inserting the new Article 16 as set out in the Explanatory Memorandum.

For: 56,347,541 (83.96%)  Against: 0

As a minimum 50% approval was required for Resolution 1 and a minimum 75% approval was required for Resolution 2, both resolutions have now been passed.

Appointment of Canadian CFO and Company Secretary

Tuesday, 20 September 2011

As part of continuing board-level changes associated with applying to list the company on the Toronto Venture Exchange (TSX-V), today the Opal Horizon Limited board appointed Mr Paul Robertson as Chief Financial Officer and Company Secretary (Canada).  Ms Leni Stanley  remains in her role as Company Secretary (Australia).

Vancouver-based, Paul Robertson has over sixteen years of accounting, auditing, and tax experience. Currently, he is the managing partner of Quantum Advisory Partners LLP (www.quantumllp.com), a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. He currently acts as CFO and Company Secretary for several TSE-listed companies.

2011 Half-Yearly Report

Thursday, 8 September 2011

A copy of the audited Opal Horizon Limited Interim Financial Report for the period ended 30 June 2011 can be viewed here.

Changes to the OHZ Board

Friday, 2 September 2011

In preparation for making application to list the company on the Toronto Venture Exchange (TSX-V) as a Foreign Issuer, today the Opal Horizon Limited board appointed Mr Walter J Ife as a director of the company.  Walter will assume the role of Executive Director - Sales & Marketing.  He is a New York-based integrated marketing specialist with over 25 years experience in the jewellery and luxury goods categories, including ten years developing international consumer and trade strategies for De Beers as Executive Director of the Diamond Promotion Service in the US.

Mr Tony J Fawdon, Chairman of Opal Horizon Limited since the date of the company's formation has resigned as a director of the company.  The board would like to thank Tony for his long and valued service to the company.

Mr David H Hall has been appointed Interim Chairman of the company and will remain in that position until an expected further reconstruction of the board takes place in the coming months with the addition of at least two Canadian directors and a Canadian Company Secretary.

Proposal to List OHZ on TSX-V

Thursday, 4 August 2011

On 3 August 2011, the Opal Horizon Ltd (“OHZ”) Board of Directors approved a proposal from its Vancouver-based lawyers to apply to list OHZ on the Toronto Venture Exchange (“TSX-V”) as a “Foreign Issuer” through an Initial Public Offer (IPO). For several months’ now, OHZ had been exploring other indirect methods of going public in Canada. However, the OHZ board considered that a Foreign Issuer IPO is the fastest and least dilutive way of going public in Canada for the company.

At this point in time, OHZ is expecting to raise up to AUS$2M pre-IPO seed capital through private placements to sophisticated investors both in Australia and internationally. The company is also considering a consolidation of its shares and options prior to IPO to reduce the number on issue and so conform with Canadian stock exchange cultural norms.

OHZ is intending to raise CAN$10M through listing on TSX-V with listing expected to take place early in 2012.

OHZ is an international precious opal marketing company with a resources base. By listing on TSX-V, OHZ is establishing itself in the heart of its primary export market for precious opals, North America. While virtually all the company’s opal production comes from Australia, its sales and marketing division is based out of New York.

The company launched its natural precious opal classification and grading scheme (The 3 C’s of Natural Precious Opal) at the Gemological Institute of America symposium in California in late May 2011. Following feedback from that symposium and rigorous testing of the scheme in Australia, the final version of this scheme should be ready for publication by the end of August 2011.

Due to financial constraints, the company will not be re-starting its mining and field activities until the 2012 field season which begins in April. However its international opal marketing campaign will continue as previously planned.

For further information, contact David Horton, Managing Director, Opal Horizon Limited.

Launch of the New Opal Classification and Grading Scheme

Monday, 30 May 2011

Opal Horizon Limited presented today a new comprehensive gem quality opal grading system at the Gemological Institute of America Symposium in Carlsbad, California.

OHZ is making a giant leap forward into establishing a solid quantifiable grading system, establishing specific gem grade qualities for this precious stone.  This is the first step of a global marketing effort to restore confidence and transparency for the trade and consumers.

Click where highlighted for a copy of the media release, Powerpoint presentation by Helen Levonis or a summary of the 3Cs classification and grading scheme.

Press inquiries can be made to:
Suzanne Rouden-Schmidlin
Rouden & Partners Ltd
Basel, Switzerland
opal_horizon@roudenpartners.com

Retirement of Director and Joint Company Secretary

Thursday, 17 March 2011

Lawrence James LITZOW, a foundation member of Opal Horizon Limited and a non-executive director and company secretary of the company since its inception, today submitted his resignation from those roles on the Opal Horizon Limited board.  In view of the current restructuring being undertaken within the company (i.e. listing a parent company on the Toronto Stock Exchange), the board has elected to continue operations with just the three current directors.  In other words, Mr Litzow will not be be replaced by another director.

Leni Pia STANLEY will now assume the role of Company Secretary, a role that she jointly shared with Mr Litzow.

The board of Opal Horizon Limited wishes Lawrie well for his retirement and would like to thank him for his invaluable contribution to the company over the last 10 years.

2010 Financial Report

Monday, 14 March 2010

 A copy of the Opal Horizon Limited General Purpose Financial Report for the year ended 31 December 2010 can be downloaded here.

Appointment of Joint Company Secretary

Thursday, 24 February 2011

As of today's date, Opal Horizon Limited is please to announce the appointment of Leni Pia STANLEY as Joint Company Secretary, a role she shares with Lawrence James LITZOW.

Rejuvenating the Precious Opal Industry

Thursday, 10 February 2011

A copy of a one page brochure detailing the company's plans and objectives over the coming months can be downloaded here.

Mandate Letter Signed with Novus Capital Limited

Friday, 15 October 2010

Newsletter to Shareholders - September 2010

Thursday, 23 September 2010

Normally, newsletters to shareholders are not placed on this website but are instead mailed or emailed to shareholders.  However, in view of recent developments within the company and strong interest worldwide in its activities, we have made an exception with the current newsletter.

A copy of the Opal Horizon Limited Newsletter to Shareholders for September 2010 can be downloaded here.

2010 Half-Yearly Report

Tuesday, 7 September 2010

A copy of the Opal Horizon Limited Interim Financial Report for the period ended 30 June 2010 can be downloaded here.

2009 Financial Report

Monday, 5 April 2010

 A copy of the Opal Horizon Limited General Purpose Financial Report for the year ended 31 December 2009 can be downloaded here.

Marketing Study & Capital Raising 

Monday, 8 March 2010

The Opal Horizon Board has approved the commissioning of an international marketing study for Opal Horizon specifically and for the opal industry generally.  It has commissioned Rouden & Partners of Basel, Switzerland in conjection with Australian-based marketing consultant, Tarquin de la Force, to undertake this study which should be completed by the end of March 2010.

The purpose of this marketing study is to assist in developing strategies which will position Opal Horizon as the premier opal company in the world in terms of (a) standards (b) production and (c) significantly raising the profile of the gemstone.

From 6 April 2010, the company intends to raise AUD$10M through a share placement to international sophisticated and institutional investors.  The proceeds of the placement will be used to consolidate the opal industry, engage in a marketing / awareness campaign and resume production activities.

Extension of Expiry of Options

Monday, 30 November 2009

The Company advises that at the General Meeting of shareholders held on Friday 27 November 2009, all resolutions set out in the Notice of Meeting were passed on a show of hands. These resolutions include:

1. That the terms of the existing 20 cent 2010 options issued by the Company be amended to extend the date of expiry to 30 June 2013 [For: 42,015,033 Against: 0].

2. That the terms of the existing 50 cent 2011 options issued by the Company be amended to extend the date of expiry to 30 June 2014 [For: 42,015,033 Against: 0].

Mining 2009 Presentation

Wednesday, 21 October 2009

The Powerpoint presentation given at Mining 2009 can be downloaded here.

2009 Half-Yearly Report

Monday, 14 September 2009

A copy of the Opal Horizon Limited Interim Financial Report for the period ended 30 June 2009 can be downloaded here.

OHZ Presentation

Thursday, 16 July 2009

An Adobe Acrobat version of a Powerpoint presentation promoting the company is available here.  Please be aware that it is over 3Mb in size and may take some time to download on a slow computer.

2008 Financial Report

Tuesday, 31 March 2009

 A copy of the Opal Horizon Limited General Purpose Financial Report for the year ended 31 December 2008 can be downloaded here.

Promotional Material

Friday, 6 March 2009

A colourful double-sided A4 promotional brochure showing some of the Company's recently commissioned jewellery pieces can be viewed here.  A Chinese language version is also avalable.

Prospectus Closed

Monday, 27 October 2008

Opal Horizon Limited advises that as a direct result of the world financial crisis, it has been unable to raise Minimum Subscription for its 2008 Prospectus.  The Prospectus is now closed, the company's application to list on ASX has been withdrawn and all application monies will be refunded in full.

The company will continue to operate as a public unlisted company for the forseeable future

Supplementary Prospectus 2

Friday, 12 September 2008

Opal Horizon Limited advises that it lodged a Supplementary Prospectus with ASIC on 12th of September 2008 extending the Closing Date of the Offer to 24 October 2008.  A copy of this supplementary prospectus is appended to, and prefaces, the Prospectus which can be downloaded from this site.

2008 Half Yearly Financial Report

 Friday 12 September 2008

A copy of the Opal Horizon Limited 2008 Half Yearly Report can be downloaded here.