Former company secretary of Continental Coal Limited (in liquidation), Jane Rosemary Flegg, has pleaded guilty to three criminal charges following ASIC’s investigations into Continental Coal and Citation Resources Limited.

On 17 January 2024, Ms Flegg pleaded guilty in the Stirling Gardens Magistrates Court to:

• one count of stealing approximately $2.2 million of applicant funds from a Citation bank account.  
• one count of forging and uttering a bank statement that falsely showed $675,658 in a Citation bank account when there was only $117.55 in the account; and
• one count of authorising the giving of false or misleading information to the ASX, where Continental Coal failed to disclose its only income-generating asset had gone into administration and another statement that said assets had been sold, when they had not.

Ms Flegg will be sentenced on 7 March 2024 at 10am in the Supreme Court of Western Australia with bail renewed on the same terms.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.