Panel Receives Application in Relation to Ashton Mining
The Takeovers Panel advises that it has received an application by De Beers Australia Holdings Pty Ltd for a declaration of unacceptable circumstances in relation to the affairs of Ashton Mining Limited.
De Beers has applied for an interim order under section 657E of the Corporations Law to restrain Rio Tinto from dispatching its bidder's statement to Ashton shareholders until it is amended.
De Beers alleges that the following circumstances constitute unacceptable circumstances in relation to the affairs of Ashton: