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Citigold Corporation Limited (ASX:CTO)

ALERT: Price-sensitive ASX Announcement for CTO
Current share price for CTO : $0.011 0.001 (10%)+
Announcement
Release
1 Jul 2026 9:22AM
Price at Release
$0.010
Full Release
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Summary
Citigold Corporation Limited (CTO) responded to an ASX Aware Letter concerning a notice of default on a secured loan facility and the removal of directors from its subsidiary, Charters Towers Gold Pty Ltd. CTO did not deem these events as materially affecting the price of its securities, citing ongoing commercial negotiations and limited operational impact from the subsidiary's board change. The company confirmed its compliance with relevant ASX Listing Rules and stated that its disclosures were approved by authorized personnel.
Key Points
  • CTO received a notice of default on a secured loan facility from DEP Nominees Pty Ltd.
  • The lender exercised its rights to remove directors of CTO’s wholly owned subsidiary, Charters Towers Gold Pty Ltd.
  • CTO did not consider the notice of default or director change as having a material effect on the company's securities.
  • CTO first became aware of the default notice on 6 June 2026.
  • CTO became aware of the director removal on 23 June 2026.
  • CTO is in compliance with ASX Listing Rule 3.1.
  • Responses to ASX were authorized by an officer with delegated authority from the board.
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.