Mungana Goldmines Limited – Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 1 June 2015 from Auctus Chillagoe Pty Ltd in relation to the affairs of Mungana Goldmines Ltd.
Mungana Goldmines Limited
Introduction
- The Panel, Rodd Levy (sitting President), Sophie Mitchell and Tony Osmond declined to conduct proceedings on an application by Auctus Chillagoe Pty Ltd in relation to the affairs of Mungana Goldmines Limited. Auctus had made an off-market takeover bid for Mungana. Auctus submitted that Mungana’s investor presentation had overstated a production target and understated estimated pre-production capital expenditure.
Mungana Goldmines Limited 01R - Panel Receives Review Application
The Panel has received an application from Auctus Chillagoe Pty Ltd seeking a review of the Panel’s decision in Mungana Goldmines Limited.
Mungana Goldmines Limited - Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on an application dated 1 June 2015 from Auctus Chillagoe Pty Ltd in relation to the affairs of Mungana Goldmines Limited.
Mungana Goldmines Limited - Panel Receives Application
The Panel has received an application from Auctus Chillagoe Pty Ltd in relation to the affairs of Mungana Goldmines Limited. Mungana is currently the subject of an off-market takeover bid from Auctus.
Richfield International Limited - Panel Reissues Reasons with Postscript
Following the Panel’s decision to vary its final orders in relation to the affairs of Richfield International Ltd (see TP15/24), the Panel has reissued the reasons for its decision with a postscript in relation to the variation.
Appointment of Panel Members
The Takeovers Panel notes the recent announcement by the Treasurer of the reappointment of 5 members and the appointment of 5 new members to the Panel, for terms of 3 years up to and including 29 April 2018.
Panel Publishes Revised Guidance Note 2 and Guidance Note 4
The Takeovers Panel today published revised versions of Guidance Note 2 Reviewing Decisions and Guidance Note 4 Remedies General.
CIC Australia Limited ‑ Acting President Refuses Application for Urgent Interim Orders
The Acting President refused an application for interim orders from Mr Robert Catto in relation to the affairs of CIC Australia Ltd.
Richfield International Ltd ‑ Variation of Orders
The Panel made a declaration of unacceptable circumstances on 22 April 2015 and final orders on 30 April 2015 in relation to an application dated 24 March 2015 from ASIC in relation to the affairs of Richfield International Ltd.