Firetail Resources Limited - Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on an application dated 27 July 2022 from Firetail Resources Limited in relation to its affairs.
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).
Confidential
No reasons were published for this matter
Virtus Health Limited 04R
Introduction
- 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
- In these reasons, the following definitions apply.
- ASIC Market Integrity Rules
- ASIC Market Integrity Rules (Securities Markets) 2017
PM Capital Asian Opportunities Fund Limited 01
Introduction
- The Panel, Paula Dwyer (sitting President), Christian Johnston and Neil Pathak, made a declaration of unacceptable circumstances in relation to the affairs of PM Capital Asian Opportunities Fund Limited.
Nex Metals Explorations Ltd 02
Introduction
- The Panel, Marina Kelman, Michael Lishman and Karen Phin (sitting President) made a declaration of unacceptable circumstances in relation to the affairs of Nex Metals Explorations Ltd. Nex Metals is the subject of a conditional off-market scrip bid by Metalicity Ltd.
PM Capital Asian Opportunities Fund Limited 02
Introduction
- The Panel, Paula Dwyer (sitting President), Christian Johnston and Neil Pathak, declined to make a declaration of unacceptable circumstances in relation to the affairs of PM Capital Asian Opportunities Fund Limited. PM Capital Asian Opportunities Fund is subject to a takeover bid from WAM Capital Limited.
Gascoyne Resources Limited 02R
Introduction
- 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
- 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.