Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Ashburton Minerals Limited (ACN 008 894 442) [2005] FCA 512
CORPORATIONS – application for validation of share issue where innocent breach of requirements of Corporations Act 2001 (Cth)
Corporations Act 2001 (Cth) ss 254E, 254E(1), 723, 723(2), 723(3)(a), 724, 741
Re Golden Gate Petroleum Ltd (ACN 090 074 785) (2004) 22 ACLC 1,292 cited
IN THE MATTER OF ASHBURTON MINERALS LTD (ACN 008 894 442)
WAD 24 OF 2005
LEE J
15 FEBRUARY 2005
PERTH
IN THE FEDERAL COURT OF AUSTRALIA
WESTERN AUSTRALIA DISTRICT REGISTRY WAD24 OF 2005
IN THE MATTER OF ASHBURTON MINERALS LIMITED (ACN 008 894 442)
ASHBURTON MINERALS LIMITED
(ACN 008 894 442)
APPLICANT
JUDGE: LEE J
DATE OF ORDER: 15 FEBRUARY 2005
WHERE MADE: PERTH
THE COURT ORDERS THAT:
1. The time for service and hearing of the Application filed on 10 February 2005 be abridged.
2. The period of seven days referred to in section 723(3)(a) and in sub-section 724(1)(b)(i) of the Corporations Act ("the Act") in respect of the Prospectus of the Company lodged with the Australian Securities and Investment Commission ("ASIC") and dated 21 January 2005 ("Prospectus") be extended to and include 1 February 2005.
3. Pursuant to section 254E(1) of the Act, the issue of the 6,900,000 shares issued by the Applicant on 2 February 2005 pursuant to the Prospectus, be validated and confirmed.
4. The Applicant lodge a copy of these orders with the ASIC for the purposes of and pursuant to section 254E(2) forthwith.
5. Upon service of this Order on the ASIC, the ASIC will include such Order on its database.
6. The Applicant and all other interested parties including the ASIC have liberty to apply to revoke or vary the orders above within 28 days.
Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.
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