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Slightly understand now.
I am thinking that on Block 12 being moved to a new entity then Hope cannot get near it.
I'd tnd to agree Arsenal
Any appeal had to be put in by around 30 July & that is near on 2mths back.
So at moment, looking good
What does all this mean, a new subsidiary company has been set up under FRR and block 12 is transferred to the newco and has been accepted by the Georgian government?
Not sure what you are talking about?
What do you mean Arsenal?
Not been on much
Can you explain pleas
Looks like decision was made 11th June. With a 30 day term to appeal from publication.
Will add that if that is right then default might be near on sorted.
When was the decision made?
Going on last paragraph of pyros 1st post of info, I was also think same thing.
By this, is it possible to assume that Block 12 is secured and safe?
Extract from Registry of Entrepreneurs and Non-Entrepreneurial
(Non-Commercial) Legal Entities
Serial number of the application registration, date of preparation: B19055799, 11/06/2019 14:43:50
Frontera Resources US LLC's Branch Office in Georgia Branch Of Foreign Enterprise
LEPL National Agency of Public Registry
Georgia, Tbilisi, Vake District, Paliashvili Str., 12A
The provider of the information shall be liable for the validity of the additional information
Information about Liquidation/ Reorganisation/ Insolvency Proceedings
Managers / Official Representatives
Director - Zaza Mamulaishvili, 01024002412
Frontera Resources US LLC, 802558654 /USA/, 07.10.2016
Number and Date of Registration:
Registering Authority: Legal Address:
Pledge/Leasing on Intangible or Movable Property
Decision # B19055799 / 8 (11/06/2019 14:45:53) Registration
National Agency of Public Registry has received application # B19055799 16/05/2019 17:50:35 (Applicant: Giorgi Janiashvili / 01025015919 /) requesting registration of a new entity.
Legal form: branch of a foreign enterprise
Ad title: Frontera Resources Inc. this. LLC Branch in Georgia Name in Latin: Frontera Resources US LLS's Branch Office in Georgia
In accordance with the Law of Georgia on Public Registry, a decision was made to satisfy the request.
The decision shall enter into force upon publication.
The decision may be appealed in court within 30 calendar days of its publication.
National Agency of Public Registry ::: Address: Tbilisi, str. N2 ::: www.reestri.gov.ge
Frontera Resourcesis Yu. this. LLC Branch in Georgia Branch of a foreign enterprise active
It looks like this is where Block 12 is now.
B19055799 / 8 June 11, 2019 14:45 The registration process is complete
SIGNED B19055799 / 7 June 11, 2019 14:45 The registration process has been updated
HTML B19055799 / 5 June 10, 2019 18:12 In addition to eliminating the suspension, the app. Document
SIGNED B19055799 / 4 17 May 2019 12:56 The registration production period has been suspended
HTML B19055799 / 3 16 May 2019 18:02 Additional documentation is provided
HTML B19055799 / 2 16 May 2019 17:50 Registration application received
HTML B19055799 / 1 16 May 2019 17:46 statement
Registration process complete!
Quick browse of the docs -
Frontera trying to shift shares between its subsidiaries - keeps getting denied by the Georgian authorities.
One of the issues seems to be that they need to provide they have the financial clout in the new structure - they appear to not be able to prove this.
Curly Wurly Words.
All I can see is squiggles
As you say something might be in there that gives more of an idead on how things are really looking.
I've been doing some digging this morning and it appears that Frontera are obliged to file company documents with the Minsitry of Justice which are publically available. Some are historic but for some of the entities there have been filings over the last few months involving the JSC. For example see the fourth entity on the link below. To access the documents click on the information icon and enter the code. There are quite a few docs and they need translating from Georgian but hopefully by putting it on here we can try and join up,some dots and maybe get some further information in these dark days.