Regal Resources Limited
Introduction
- 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.