Consolidated Minerals Limited - Panel Decision
The Panel advises that it has made a declaration of unacceptable circumstances and orders in relation to an application dated 13 August 2007 from Pallinghurst Resources Australia Limited (Pallinghurst) in relation to the affairs of Consolidated Minerals Limited (Consolidated Minerals). Pallinghurst currently has made a cash offer for all Consolidated Minerals shares (Pallinghurst Offer). Territory Resources Limited (Territory) has announced that it intends to make a takeover bid for Consolidated Minerals (Proposed Territory Offer).