Firetail Resources Limited - Panel Receives Application

The Panel has received an application from Firetail Resources Limited in relation to its affairs.

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

Firetail is a mineral exploration company that was admitted to the official list of the ASX on 11 April 2022 (ASX Code: FTL).

Virtus Health Limited 04R

Introduction

  1. The Panel, Rory Moriarty, John O’Sullivan (sitting President) and Karen Phin, declined to conduct proceedings on an application by CapVest Partners LLP for review of the decision of the initial Panel to decline to conduct proceedings in Virtus Health Limited 03.1
  2. In these reasons, the following definitions apply.
    ASIC Market Integrity Rules
    ASIC Market Integrity Rules (Securities Markets) 2017

Gascoyne Resources Limited 02R

Introduction

  1. The Panel, Kelvin Barry, Diana Nicholson (sitting President) and John O’Sullivan, declined to conduct proceedings on an application by Westgold seeking a review of the Panel’s decision in Gascoyne Resources Limited.1 Gascoyne had entered into a scheme implementation agreement to merge with Firefly by way of a Firefly scheme of arrangement.

Moreton Resources Limited (in Liquidation) (Receivers Appointed) (Subject to Deed of Company Arrangement) 03

Introduction

  1. The Panel, Tracey Horton AO (sitting President), John McGlue and David Williamson declined to conduct proceedings on an application by the board of Moreton Resources Limited (in Liquidation) (Receivers Appointed) (Subject to Deed of Company Arrangement) in relation to the affairs of Moreton. The application (among other things) sought a final order that the appointment of receivers of Moreton be set aside.

Molopo Energy Limited 03R, 04R & 05R Variation - Variation of Orders

On the application of Aurora Funds Management Ltd as responsible entity for the Aurora Fortitude Absolute Return Fund and Aurora Global Income Trust (Aurora), the Panel has varied the Panel’s orders in Molopo Energy Limited 03R, 04R & 05R.1  Among other things, the orders vested certain shares in Molopo Energy Limited (Molopo) held by Aurora and Keybridge Capital Limited (Keybridge) in ASIC for sale.

Moreton Resources Limited (in Liquidation) (Receivers Appointed) (Subject to Deed of Company Arrangement) 03 – Panel Declines to Conduct Proceedings

The Panel has declined to conduct proceedings on an application dated 4 July 2022 from the board of Moreton Resources Limited (in Liquidation) (Receivers Appointed) (Subject to Deed of Company Arrangement) (Applicants) in relation to the affairs of Moreton.

Moreton is a company under various forms of external administration. The Applicants sought interim and final orders, including an order that the appointment of receivers be set aside.

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