Panel Censures Breach of Confidentiality in Relation to Namakwa Diamond Company Application

The Corporations and Securities Panel today strongly censured the apparent leakage of confidential documents to the media in relation to its proceedings in Majestic Resources' (Majestic) off market takeover bid for the ordinary shares in Namakwa Diamond Company (Namakwa).

The article in today's Australian Financial Review, titled "The Prospectus that Hijacked Namakwa" contained material from confidential submissions to the Panel.