Molopo Energy Limited 03R, 04R & 05R Variation – Variation of Orders

On the application of ASIC, the Panel has varied the Panel’s orders in Molopo Energy Limited 03R, 04R & 05R (Existing Orders).1 Among other things, the Existing Orders vested certain shares in Molopo Energy Limited (Molopo) held by Aurora Funds Management Ltd as responsible entity for the Aurora Fortitude Absolute Return Fund and Aurora Global Income Trust (Aurora) and Keybridge Capital Limited (Keybridge) in the Commonwealth for ASIC to sell (Sale Shares). Molopo’s shares were suspended on 27 July 2017 and Molopo was subsequently delisted from the ASX on 1 April 2021. In July 2022, the Existing Orders were varied to stay the sale of the Sale Shares until certain court proceedings in Canada were resolved (Canadian Court Proceedings). ASIC submitted (among other things) that: on 9 June 2026, it became aware that the Canadian Court Proceedings were resolved after requesting and receiving confirmation of the settlement from Molopo’s legal representative2 ASIC subsequently contacted its appointed broker to seek advice about sale of the Sale Shares in accordance with the Existing Orders and ASIC received confirmation from the appointed broker that it could not sell...