Cardinal Resources Limited 06R

Introduction

  1. The Panel, Bruce McLennan, Rory Moriarty and Sharon Warburton (sitting President) declined to conduct proceedings on an application by Cardinal Resources Limited to review the decision of the initial Panel in Cardinal Resources Limited 03 & 04.1 The review Panel agreed with the initial Panel and concluded, particularly in light of subsequent events, that there was no reasonable prospect that it would make a declaration of unacceptable circumstances.
  2. In these reasons, the following d

E&P Financial Group Limited - Panel Accepts Undertaking and Declines to Conduct Proceedings

The Panel has declined to conduct proceedings on an application from E&P Financial Group Limited in relation to its affairs after accepting an undertaking from 360 Capital Group Limited and 360 Capital FM Limited as the responsible entity of the 360 Capital Investment Trust to provide further disclosure in a supplementary bidder’s statement.

Webcentral Group Limited 02R

Introduction

  1. The review Panel, Yasmin Allen (sitting President), Bruce McLennan and Kerry Morrow affirmed the initial Panel’s decision to decline to conduct proceedings in Webcentral Group Limited.1
  2. In these reasons, the following definitions apply.
5GN
5G Networks Limited
5GN Funding
has the meaning given in paragraph 6(d)
Keybridge

Thorn Group Limited 01 & 02 - Declaration of Unacceptable Circumstances and Orders

The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 14 October 2020 by Forager Funds Management Pty Ltd and an application dated 21 October 2020 by Vaspip 2 Pty Ltd, both in relation to the affairs of Thorn Group Limited (ASX: TGA)(see TP20/59 and TP20/60).  

Background

The following facts are in summary form (see the declaration for more background).

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