TP03/082

Selwyn Mines Limited - Panel Receives Application in Relation to Selwyn Mines Limited (Receivers and Managers Appointed)

The Panel has received an application from Hillgrove Gold Limited (HGL) dated 9 September 2003 alleging unacceptable circumstances in relation to failure of the Receivers and Managers (Receivers) of Selwyn Mines Limited (Receivers and Managers Appointed) (Selwyn) to provide information to the directors of Selwyn in order to enable them to understand the legal status of negotiations between the Receivers and a third party proposing to acquire the assets of Selwyn.