Following certain actions by Metallica Minerals Limited (ASX:MLM) to address concerns of the Panel, the Panel declined to make a declaration of unacceptable circumstances in response to an application dated 21 May 2024 from Diatreme Resources Limited (ASX:DRX) in relation to the affairs of Metallica (see TP24/026).
Metallica is currently the subject of an off‑market takeover bid by Diatreme.
The Panel has accepted undertakings from Sequoia Financial Group Limited (Sequoia), Glennon Capital Pty Ltd and Glennon Small Companies Limited (together, Glennon Capital), Vonetta Pty Ltd (Vonetta) and Cojones Pty Ltd (Cojones) in relation to the application dated 15 May 2024 by Sequoia in relation to its affairs (see TP24/23).
The Panel is still considering the application.
The Panel has received an application from Zentree Investments Limited in relation to the affairs of Energy Resources of Australia Limited (ERA). The application concerns a proposed entitlement offer by ERA.
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.
The Panel has received an application from Ramelius Resources Limited (ASX: RMS) in relation to the affairs of Westgold Resources Limited (ASX: WGX).
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.
The Panel has received an application from River Capital Pty Ltd as trustee for River Capital Embedded Network Trust in relation to the affairs of Locality Planning Energy Holdings Limited. Locality is currently the subject of an off-market takeover bid by the applicant.
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.
The Panel has received an application from PRM Services LLC in relation to the affairs of Sierra Rutile Holdings Limited (ASX: SRX). Sierra Rutile is currently the subject of an on‑market takeover bid from PRM.
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.
The Panel has received an application from Diatreme Resources Limited in relation to the affairs of Metallica Minerals Limited. Metallica is currently the subject of an off-market takeover bid by Diatreme.
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.
The Panel has received an application from Benjamin Pauley in relation to the affairs of Maronan Metals Limited (ASX: MMA).
Details of the application, as submitted by the applicant, are below.1
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.
Maronan Metals is an ASX listed mineral exploration company.
The Panel has received an application from NDC BidCo Pty Ltd (NDC) in relation to the affairs of Pacific Smiles Group Limited (ASX: PSQ).
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.
Pacific Smiles is an ASX‑listed company.
The Panel has received an application from Sequoia Financial Group Limited (ASX: SEQ) in relation to its affairs. The application concerns alleged undisclosed associations in the context of an upcoming section 249D meeting.
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.
Sequoia is an ASX‑listed financial services company.