Great Mines Limited - Citigold Corporation Limited Bid for Great Mines Limited: Panel Received Application from ASIC

The Panel has received an application from the Australian Securities and Investments Commission (ASIC) dated 9 December 2003 alleging unacceptable circumstances in relation to the off market scrip takeover bid of Citigold Corporation Limited (CTO) for all of the issued ordinary shares in Great Mines Limited (GML).