Northern Iron Limited - Panel Receives Application
The Panel has received an application from Northern Iron Limited in relation to its affairs.
Dampier Gold Limited - Undertaking
The Panel has accepted an undertaking from Ord River Resources Limited in relation to the application dated 14 May 2014 by Dampier Gold Limited
Dampier Gold Limited - Panel Receives Application
The Panel has received an application from Dampier Gold Limited in relation to its affairs. Dampier is currently the subject of an off-market takeover bid by Ord River Resources Limited, announced on 29 April 2014.
Bullabulling Gold Limited - Panel Receives Application
The Panel has received an application from Norton Gold Fields Limited in relation to the affairs of Bullabulling Gold Limited.
Gondwana Resources Limited - Undertaking
The Panel has accepted an undertaking from Gondwana Resources Limited in relation to the application dated 29 April 2014 by Ochre Group Holdings Limited.
Gondwana Resources Limited - Panel Receives Application
The Panel has received an application from Ochre Group Holdings Limited in relation to the affairs of Gondwana Resources Limited. The application concerns a 1 for 1 non-renounceable, partially underwritten, entitlement issue by Gondwana.
Appointment of Panel Members
The Takeovers Panel notes the recent announcement by the Acting Assistant Treasurer of the appointment of 5 members to the Panel, for terms of 3 years up to and including 7 March 2017.
Panel Publishes Revised Guidance Note 2
The Panel today published a revised version of Guidance Note 2: Reviewing decisions.
Argosy Minerals Limited
The Panel, Geoff Brunsdon (sitting President), Peter Day and Sarah Dulhunty, declined to conduct proceedings on an application by Sunbreaker Holdings Pty Ltd (as trustee for the Lloyd Super Fund) and Graham Geoffrey Walker in relation to the affairs of Argosy Minerals Limited. The application concerned a 2 for 1 renounceable entitlement offer by Argosy and the decision of Argosy's 88.6% shareholder, Discovery Africa Limited, not to participate in the offer. The Panel considered that there was no evidence presented that an unacceptable change of control or potential control in Argosy would occur by reason of or in connection with the entitlement offer. Accordingly, the Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable.
Argosy Minerals Limited - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 18 March 2014 from Sunbreaker Holdings Pty Ltd (as trustee for the Lloyd Super Fund) and Graham Geoffrey Walker in relation to the affairs of Argosy Minerals Limited.