Lincoln Minerals Limited 02 - Panel Receives Application

The Panel has received an application from Olary Holdings Limited (Olary) in relation to the affairs of Lincoln Minerals Limited (Lincoln). 

Details of the application, as submitted by Olary and drawn from publicly available information, 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.

Lincoln Minerals Limited 02 - President Declines to Make Interim Order

The President of the Panel has declined to make an interim order delaying the annual general meeting scheduled for today in response to an application dated 27 October 2022 by Olary Holdings Limited in relation to the affairs of Lincoln Minerals Limited (refer to TP22/57).

Once a sitting Panel is appointed, the Panel may consider it appropriate to consider the question of interim orders.

CD Private Equity Fund II - Panel Receives Application

The Panel has received an application from Baauer Pty Ltd atf the Baauer Family Trust in relation to the affairs of CD Private Equity Fund II (CD2). CD2 is currently the subject of a trust scheme of arrangement.

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.

Mineral Commodities Limited 02 - Panel Receives Application

The Panel has received an application from Simto Resources Pty Ltd in relation to the affairs of Mineral Commodities Limited. The application concerns a private placement and rights issue proposed by Mineral Commodities.

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.

Nimrod Resources Limited 02 - Panel Receives Application

The Panel has received an application from Romell Pty Ltd in relation to the affairs of Nimrod Resources Limited. The application concerns potential control issues resulting from completion of an entitlement offer undertaken by Nimrod during June 2022.

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.

Firetail Resources Limited

Introduction

  1. The Panel, Bruce Cowley, Chelsey Drake and Richard Hunt (sitting President), declined to conduct proceedings on an application concerning an alleged association among a group of shareholders of Firetail Resources Limited, including shareholders who had provided notices under s203D and s249D, resulting in contraventions of s606 and the substantial holding provisions.

Molopo Energy Limited 03R, 04R & 05R Variation

Introduction

  1. The Panel, Michelle Jablko (sitting President), Christian Johnston and Tara Page, varied the final orders made on 7 July 2017 (as varied on 18 September 2020) by the sitting Panel in Molopo Energy Limited 03R, 04R & 05R.1 The variation stays the sale of the Molopo shares vested in ASIC under the orders until certain court proceedings are resolved.
  2. In these reasons, the following definitions apply.
    Aurora
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DRA Global Limited

Introduction

  1. The Panel, Kelvin Barry, Jeremy Leibler (sitting President) and Tara Page, made a declaration of unacceptable circumstances in relation to the affairs of DRA Global Limited. The application concerned an alleged association between members of DRA’s management and other shareholders in relation to changes proposed to the board of DRA and its operating model.
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