The Panel has made a declaration of unacceptable circumstances in relation to an application made on 5 April 2017 by Indiana Resources Limited in relation to its affairs.
The Panel, Tracey Horton, Christian Johnston (sitting President) and Robert McKenzie, declined to conduct proceedings on an application by Grandbridge Limited, Trandcorp Pty Ltd and Mr David Breeze in relation to the affairs of MEC Resources Limited. The application concerned MEC Resources’ 1 for 2 non-renounceable rights issue.
The Panel has received an application from Ao-Zhong International Mineral Resources Pty Ltd in relation to the affairs of Globe Metals & Mining Limited.
The Panel, Robin Bishop, Byron Koster (sitting President) and Sophie Mitchell, declined to conduct proceedings on an application by Spotless Group Holdings Limited in relation to its affairs. The application concerned (among other things) the offer terms of an off-market cash takeover bid by Downer EDI Services Pty Ltd for Spotless and bidder's statement disclosure.
The Panel has declined to conduct proceedings on an application dated 10 April 2017 from Grandbridge Limited (ASX: GBA), Trandcorp Pty Ltd and Mr David Breeze in relation to the affairs of MEC Resources Limited (ASX: MMR).
The Panel has accepted undertakings from Keybridge Capital Limited and Aurora Funds Management Limited in relation to the applications dated 11 April 2017 by each of the Australian Securities and Investment Commission and Molopo Energy Limited.