Merlin Diamonds Limited - Panel Receives Application

The Panel has received an application from Thomas Reddicliffe in relation to the affairs of Merlin Diamonds Limited.

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

Merlin Diamonds Limited is a listed diamond exploration and development company (ASX code: MED).

Regal Resources Limited

Introduction

  1. The Panel, Michelle Jablko (sitting President), Denise McComish and Robert McKenzie, made a declaration of unacceptable circumstances in relation to the affairs of Regal Resources Limited. The application concerned Regal scaling back applications for shortfall shares under its entitlement offer and instead issuing the shares to the underwriter. The Panel considered that the scaling back of shortfall shares by Regal was inconsistent with disclosure in Regal's notice of meeting and prospectus.

Regal Resources Limited - Panel Publishes Reasons

The Panel today published the reasons for its decision on an application dated 22 September 2016 from Mr Warwick Sauer in relation to the affairs of Regal Resources Limited.

Details of the Panel's decision can be found at TP16/74.

The Panel's reasons for its decision can be found on the Panel's website.

The sitting Panel was Michelle Jablko (sitting President), Denise McComish and Robert McKenzie.

Jervois Mining Limited - Panel Receives Application

The Panel has received an application from Jervois Mining 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

Jervois Mining Limited (JRV) is a listed mineral exploration company (ASX code: JRV).

Regal Resources Limited – Undertaking

The President has accepted an undertaking from Ndovu Capital VI B.V. in relation to the application dated 22 September 2016 by Mr Warwick Sauer (see TP16/68). 

Ndovu has undertaken in effect not to dispose of, transfer, charge or otherwise deal with the shortfall shares issued to it as underwriter of Regal Resources Limited's recently completed entitlement offer.

A copy of the undertaking is attached.

Panel Updates Index of its Decisions January 2015 - September 2016

The Panel has released an update of the index of its decisions. The updated index includes decisions up to and including 16 September 2016 as well as some corrections and further cross-references. The index can be found at the "Index of Reasons" tab on the Panel's website.

The index will be updated annually. The Panel welcomes any comments on the index via emails sent to: takeovers@takeovers.gov.au.