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Celsius Resources Limited (ASX:CLA)

ALERT: Price-sensitive ASX Announcement for CLA
Current share price for CLA : $0.005 0 (0%)+
Release
24 Aug 2026 11:19AM
Price at Release
$0.005
Full Release
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Summary
Celsius Resources Limited, known by its stock code CLA, has announced the filing of a disciplinary complaint seeking the disbarment of Attorney Julito 'Sarge' R. Sarmiento and other senior lawyers from the Sarmiento Loriega Law firm for alleged violations of the Code of Professional Responsibility and Accountability. This action, which is also supported by other complainants, comes after a criminal complaint was filed against Attorney Sarmiento under the Anti-Dummy Law. The issues raised are of significant public and national interest in the Philippines and concern the governance of Makilala Mining Company, Inc., related to the MCB Copper-Gold Project. This project is operating under a Mineral Production Sharing Agreement with the Philippine Government. The announcement is made under the company's continuous disclosure obligations as per ASX Listing Rule 3.1 and AIM Rules for Companies, and has been authorized by the Celsius Resources Limited Board of Directors.
Key Points
  • Filing of disciplinary complaint against Attorney Sarmiento and SL Law partners
  • Allegations of violations of the Code of Professional Responsibility
  • Related criminal complaint under the Anti-Dummy Law
  • Involvement of Makilala Mining Company, Inc. and MCB Copper-Gold Project
  • Operates under a Mineral Production Sharing Agreement with the Philippine Government
  • Announcement aligns with ASX and AIM disclosure requirements
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.