CSP01/006

Panel Receives Application in Relation to St Barbara's Proposed Bid for Taipan Resources

The Takeovers Panel has received an application for a declaration of unacceptable circumstances in relation to the proposed bid by St Barbara Mines Ltd for Taipan Resources NL. The application was made by Troy Resources on Monday 5 February. Troy is also bidding for Taipan.

The application raises three matters for consideration by the Panel :