The Panel reminds proposed parties to matters that the Notice of Appearance contains undertakings under section 201A of the Australian Securities and Investments Commissions Act 2001 (Cth) in relation to confidentiality and media canvassing.
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.
The Panel today published the reasons for its decision on an application dated 23 July 2010 from Conquest Mining Limited in relation to North Queensland Metals Limited.
The Panel has consented to a request by Perizia Investments Pty Ltd and Kapiri Holdings Pty Ltd to withdraw their application to the Panel dated 23 July 2010, in relation to the affairs of Mamba Minerals Limited.
Mamba Minerals Limited has provided an undertaking in lieu of the Panel making interim orders in response to an application from Perizia Investments Pty Ltd and Kapiri Holdings Pty Ltd dated 23 July 2010.