Padbury Mining Limited

The Panel, Michael Ashforth (sitting President), Diana Chang and John Keeves, declined to conduct proceedings on an application by McInerney Holdings Pty Ltd in relation to the affairs of Padbury Mining Limited as there was no reasonable prospect it would declare the circumstances unacceptable. The application concerned alleged misleading and incorrect statements in a letter to shareholders that related to a general meeting to effect a change of control of the Padbury board.

North Queensland Metals Limited 02

The Panel, Michael Ashforth (sitting President), Peter Day and Francesca Lee, declined to make a declaration of unacceptable circumstances in relation to the affairs of NQM after receiving an undertaking from NQM to release and send to NQM shareholders a supplementary target's statement in response to Conquest's bid correcting information deficiencies in the target's statement.