Gulf Alumina Limited - Variation of Orders
The Panel made a declaration of unacceptable circumstances and final orders on 11 March 2016 regarding an application dated 15 February 2016 from Metro Mining Limited in relation to the affairs of Gulf Alumina Limited (see TP16/08 and TP16/15).
The Panel’s orders were varied on 21 March 2016 (see TP16/16), 1 April 2016 (see TP16/18) and 12 April 2016 (see TP16/22).
Condor Blanco Mines Limited - President Makes Interim Order
The President of the Panel has made an interim order1 in response to an application for interim orders dated 1 May 2016 from Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited.
The interim order prevents Condor Blanco from registering any transfer in respect of any of the 50,000,000 ordinary shares placed in escrow that are referred to in its announcement dated 1 March 2016.
Condor Blanco Mines Limited - Panel Receives Application
The Panel has received an application from Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited.
Details of the application, as submitted by the applicant, are below.
A sitting 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.
Details
Condor Blanco has made the following announcements regarding the issue of shares:
ABM Resources NL 01R - Review Panel Decision
The review Panel has affirmed the decision of the initial Panel in ABM Resources NL (see TP16/19). In that matter, the Panel concluded that ABM's 3 for 5 non-renounceable rights issue was unacceptable because (among other things) all reasonable steps to minimise the likely control effect of the rights issue had not been taken. The initial Panel made an order that ABM must not proceed with the rights issue.
On 11 April 2016 ABM sought a review of the initial Panel's decision (see TP16/21).
ABM Resources NL - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 10 March 2016 from APAC Resources Capital Management Limited in relation to the affairs of ABM Resources NL.
Details of the Panel's decision can be found at TP16/19.
The Panel's reasons for its decisions are on the Panel's website.
The sitting Panel was Byron Koster, Denise McComish and Vickki McFadden (President).
ABM Resources NL
Introduction
- The Panel1 made a declaration of unacceptable circumstances in relation to the affairs of ABM Resources NL. The application concerned a non-renounceable rights issue.
Investa Office Fund
Introduction
- The Panel, Peter Day, Lee Dewhirst and Andrew Lumsden (sitting President), on an application on behalf of DEXUS Property Group made a declaration of unacceptable circumstances in relation to the affairs of Investa Office Fund. The application concerned issues of conflict management by the manager of IOF, voting by Morgan Stanley of units held in IOF, disclosure deficiencies in a document (the IOMH Document) issued by the holding company of IOF's responsible entity and manager, and incomplete substantial holder disclosure.
Investa Office Fund - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 21 March 2016 from DEXUS Funds Management Limited1 in relation to the affairs of Investa Office Fund.2
Details of the Panel's decision can be found at TP16/20.
The Panel's reasons for its decisions are on the Panel's website.
Gulf Alumina Limited
- The Panel, Richard Hunt (sitting President), Andrew Lumsden and Karen Phin, made a declaration of unacceptable circumstances in relation to the affairs of Gulf Alumina Limited. The application concerned an off-market scrip takeover offer by Metro Mining Limited for Gulf. The Panel considered that a letter to shareholders from Gulf and Gulf's target statement contained insufficient and misleading information regarding (among other things) the value of Gulf and shareholder intention statements.