The Panel has made interim orders1 in response to an application for interim orders dated 9 June 2016 by Brennan Westworth in relation the affairs of Sovereign Gold Company Limited.
The application includes submissions that:
The Panel today published the reasons for its decision on an application dated 1 May 2016 from Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited.
Details of the Panel's decision can be found at TP16/35.
The Panel's reasons for its decisions are on the Panel's website.
The sitting Panel was James Dickson, Michelle Jablko (sitting President) and Nicola Wakefield Evans.
The Panel has accepted undertakings from Ainsworth Game Technology Limited (AGI) (Annexure A) and Mrs Margarete Ainsworth and Votraint No. 1019 Pty Ltd (an entity controlled by Mrs Ainsworth) (Annexure B) in relation to the applications by the Australian Securities and Investments Commission (see TP16/32) and Fortress Centaurus Global Master Fund Ltd (see TP16/34).
The Panel has received an application from Mr Brennan Westworth in relation to the affairs of Sovereign Gold Company 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.
The Panel made a declaration of unacceptable circumstances and orders on 27 May 2016 on an application dated 1 May 2016 by Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited (see TP16/35).
At the time of making the orders, the Panel indicated that it was making enquiries into possible further orders.
The Panel has, after receiving further submissions, decided to vary its orders (see Annexure A) to:
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 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 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.