Citigold Corporation Limited Bid for Great Mines Limited: Panel Accepts Undertakings

The Panel has concluded the proceeding arising from the application made by the Australian Securities and Investments Commission (ASIC) on 10 December 2003 alleging unacceptable circumstances in relation to the off market scrip takeover bid of Citigold Corporation Limited for all of the issued ordinary shares in Great Mines Limited.

QR Sciences Limited

These are our reasons for our decision not to make a declaration of unacceptable circumstances in relation to the affairs of QR Sciences Limited following an application by SecQR Limited, a shareholder in QR Sciences Limited. Our decision was made after we received an undertaking from QR Sciences Limited.

Great Mines Limited - Citigold Corporation Limited Bid for Great Mines Limited: Panel Received Application from ASIC

The Panel has received an application from the Australian Securities and Investments Commission (ASIC) dated 9 December 2003 alleging unacceptable circumstances in relation to the off market scrip takeover bid of Citigold Corporation Limited (CTO) for all of the issued ordinary shares in Great Mines Limited (GML).