On the 11 of July 2014 Queensland Bauxite pty Ltd QBL now Cann Global Pty Ltd CGB, announced they had entered into agreement with First State Pty Ltdto acquire a 50% interest in EL 7301 part of the Nullamana bauxite province in the region of Inverell in northern New South Wales, for 37,500,000 Ordinary shares and 30,000,00 Options in QBL/CGB https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTE8J5Qa7pnGErJlJ2%2Fk%3D
On the 16 of September 2014 QBL/CGB released an appendix 3B New issue announcement, application for quotation of additional securities (37,500,000 Shares and 30,000,000 options) as per the agreement agreement with First State Pty Ltd for QBL/CGB to acquire 50% of EL 7301 https://hotcopper.com.au/threads/ann-appendix-3b.2360655/
Then in QBL/CGB's Recomplince Prospectus 27th September 2017 on page 58, there is a Note: 1. A renewal of EL 7301 has been lodged with the Department of Natural Resources, Mines and Energy, together with a transfer of EL 7301 from Volcan Australia Corporation Pty Ltd to QBL. These documents are still being processed as at the date of this Prospectus, however the Directors do not consider there to be any reason why such renewal and transfer would not be granted.
There has been no mention in any from QBL/CGB that theTransfer of EL 7301 from "Volcan Australia Corporation Pty Ltd" to QBL/CGB has taken place, and I note that there is no Mention of what become of the NSW Bauxite Tenement in any of QBL/CGB's annual reports since September 2018.
