Tribune Resources Limited 02R - Panel Receives Application and President Makes Interim Orders

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The Panel has received an application from Rand Mining Limited seeking a review of the Panel's decision on final orders in Tribune Resources Limited (see TP18/73).  

A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings.  The Panel makes no comment on the merits of the application.

The President of the Panel has made interim orders to stay Orders 1 to 4 of the initial Panel’s Orders (see TP18/73) until the earliest of further order of the Panel, determination of the proceedings or 2 months from the date of the interim orders.

A copy of the interim orders is attached.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500

Annexure A

Corporations Act
Section 657E
Interim Orders

Tribune Resources Limited 02R

On 14 September 2018, the Panel made a declaration of unacceptable circumstances in relation to the affairs of Tribune Mining Limited under section 657A of the Corporations Act 2001 (Cth) (Act) and on 26 October 2018 made orders under section 657D of the Act (Orders)

The President ORDERS:

  1. That orders 1 to 4 of Orders are stayed.
  2. These interim orders have effect until the earliest of:
    1. further order of the Panel
    2. the determination of the proceedings and
    3. 2 months from the date of these interim orders.

Bruce Dyer
with authority of Vickki McFadden
President of the Panel
Dated 30 October 2018