AISC served the infringement notice for the company’s alleged failure to comply with continuous disclosure obligations.

The conduct related to an independent geological consulting firm's valuation report, that was attached to a notice of meeting lodged by Coal Fe with ASIC on August 15, 2014.

ASIC alleged that by July 18, 2014, Coal Fe was aware this report valued the Abadi coal project in Indonesia at around $US300,000, while the company’s interim financial report for the December 2013 half-year placed a value of $A1.9 million on the project.

The watchdog argued Coal Fe should have revised the valuation earlier.

Coal Fe paid the infringement this week, though the Corporation Act provides that compliance is not an admission of guilt or liability.

“Continuous disclosure is crucial to market integrity and to making sure investors are confident and informed,” ASIC commissioner John Price said.

“If we think companies are falling short of the mark, we will take action.”

Coal Fe has since rebadged itself as Aus Asia and recently secured $5 million in funding for its iron ore and coal projects in Indonesia.