Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Pursuit Minerals Limited, in the matter of Pursuit Minerals Limited [2018] FCA 1127 File number: WAD 326 of 2018
Judge: BANKS-SMITH J
Date of judgment: 30 July 2018
Catchwords: CORPORATIONS – application under s 1322(4) of the Corporations Act 2001 (Cth) to validate on-sale by vendor shareholders without disclosure – where purported cleansing notice invalid – where five day rule not satisfied – where omission by company inadvertent
Legislation: Corporations Act 2001 (Cth) ss 707, 727, 1322
Cases cited: QBiotics Ltd, in the matter of QBiotics Ltd [2016] FCA 873 Re Golden Gate Petroleum Ltd [2010] FCA 40; (2010) 77 ACSR 17 Re ICandy Interactive Ltd [2018] FCA 533; (2018) 125 ACSR 369 Re Silver Lake Resources Ltd [2012] FCA 32; (2012) 87 ACSR 436 Re Wave Capital Ltd [2003] FCA 969; (2003) 47 ACSR 418 Sprint Energy Ltd, in the matter of Sprint Energy Ltd [2012] FCA 1354
Date of hearing: 30 July 2018
Registry: Western Australia
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
Number of paragraphs: 47
Counsel for the Plaintiff: Mr TO Coyle
Solicitor for the Plaintiff: Steinepreis Paganin
ORDERS WAD 326 of 2018 IN THE MATTER OF PURSUIT MINERALS LIMITED (ACN 128 806 977) PURSUIT MINERALS LIMITED (ACN 128 806 977) Plaintiff
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