The Takeovers Panel notes the decision of the Federal Court in Queensland North Australia Pty Ltd v Takeovers Panel handed down yesterday.

In response to an application dated 13 May 2014 from Norton Gold Fields Limited in relation to the affairs of Bullabulling Gold Limited, the Panel is of the view that unacceptable circumstances occurred in relation to Bullabulling’s letter to shareholders dated 30 April 2014 and target’s statement dated 14 May 2014.

The Panel has made an interim order in response to an application dated 23 May 2014 by Northern Iron Limited in relation to its affairs.

The Panel has received an application from Northern Iron Limited in relation to its affairs.

The Panel has accepted an undertaking from Ord River Resources Limited in relation to the application dated 14 May 2014 by Dampier Gold Limited

The Panel has received an application from Dampier Gold Limited in relation to its affairs. Dampier is currently the subject of an off-market takeover bid by Ord River Resources Limited, announced on 29 April 2014.

The Panel has received an application from Norton Gold Fields Limited in relation to the affairs of Bullabulling Gold Limited.

The Panel has accepted an undertaking from Gondwana Resources Limited in relation to the application dated 29 April 2014 by Ochre Group Holdings Limited.

The Panel has received an application from Ochre Group Holdings Limited in relation to the affairs of Gondwana Resources Limited. The application concerns a 1 for 1 non-renounceable, partially underwritten, entitlement issue by Gondwana.

The Takeovers Panel notes the recent announcement by the Acting Assistant Treasurer of the appointment of 5 members to the Panel, for terms of 3 years up to and including 7 March 2017.