Panel Receives Further Application in Relation to Majestic Resources' Bid for Namakwa Diamond Company
The Takeovers Panel has received a second application from Namakwa Diamond Company NL (NDC ) concerning the takeover bid announced on 15 March by Majestic Resources NL (MJN ) for all of the shares in NDC. The first application was received on 26 March and the second application was received on 30 March. The applications allege irregularities in acquisitions of shares in NDC by MJN and other persons and defects in MJN's bidder's statement.