TP07/066

Consolidated Minerals 02 - Panel Declines to Commence Proceedings

The Panel has declined to commence proceedings in relation to an application by Territory Resources Limited (Territory) on 28 August 2007 (Application). The Application related to the conduct of Pallinghurst Resources Australia Limited (Pallinghurst) withdrawing its on-market order for up to 11.35 million Consolidated Minerals shares in the course of its off-market takeover bid for Consolidated Minerals Limited (Consolidated Minerals).