Panel Commences Limited Proceedings in Further Application in Relation to St Barbara's Proposed Bid for Taipan Resources

The Takeovers Panel today advises that it has decided to commence limited proceedings in relation to an application for a declaration of unacceptable circumstances in relation to events leading up to and concerning the proposed bid by St Barbara Mines for Taipan Resources. The application was made by Troy Resources on Tuesday 13 February. Troy is also bidding for Taipan.

The Panel has initially decided to consider only the first allegation of the application: