Panel Declares Circumstances in Relation to St Barbara's Bid for Taipan Unacceptable

The Corporations and Securities Panel today made a declaration that unacceptable circumstances had resulted from the publication of a misleading statement about the funding of the bid by St Barbara Mines Ltd (St Barbara ) for all of the shares in Taipan Resources NL (Taipan ).

St Barbara stated in its bidder's statement on 15 February that it had: