The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 1 May 2016 by Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited (see TP16/27).
The President has accepted an undertaking from each of Mrs Margarete Charlotte Ainsworth and Votraint No. 1019 Pty Ltd (an entity controlled by Mrs Ainsworth) in relation to the application dated 13 May 2016 by the Australian Securities and Investments Commission (see TP16/32).
Mrs Ainsworth and Votraint have undertaken not to dispose of, transfer, grant a security interest over or otherwise deal with any shares or interests in shares in AGI held by Votraint (and, in the case of Mrs Ainsworth, shares or interests in shares in Votraint).
The Panel has received an application from Fortress Centaurus Global Master Fund Ltd in relation to the affairs of Ainsworth Game Technology Limited (AGI). The application concerns voting on the sale of AGI's chairman's controlling stake in AGI under item 7 of s6111.
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 the Australian Securities and Investments Commission in relation to the affairs of Ainsworth Game Technology Limited. The application concerns voting on the sale of a controlling stake in Ainsworth by its chairman under item 7 of s6111.
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 today published the reasons for its decision on a review application dated 11 April 2016 from ABM Resources NL in relation to its affairs.
Details of the Panel's decision can be found at TP16/26.
The Panel's reasons for its decisions are on the Panel's website.
The sitting Panel was Richard Hunt (sitting President), Ian Jackman SC and Sophie Mitchell.
The Panel made a declaration of unacceptable circumstances and final orders on 11 March 2016 regarding an application dated 15 February 2016 from Metro Mining Limited in relation to the affairs of Gulf Alumina Limited (see TP16/08 and TP16/15).
The Panel’s orders were varied on 21 March 2016 (see TP16/16), 1 April 2016 (see TP16/18) and 12 April 2016 (see TP16/22).
The President of the Panel has made an interim order1 in response to an application for interim orders dated 1 May 2016 from Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited.
The interim order prevents Condor Blanco from registering any transfer in respect of any of the 50,000,000 ordinary shares placed in escrow that are referred to in its announcement dated 1 March 2016.
The Panel has received an application from Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines 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.
Condor Blanco has made the following announcements regarding the issue of shares: