TOV: ZNC - Panel Receives Application

• Harvest Lane Asset Management submitted an application to the Panel regarding Forrestania's takeover bid for Zenith Minerals
• The application alleges misleading and deceptive conduct by Forrestania
• The applicant seeks interim and final orders to halt and review the takeover process

The Takeovers Panel has received an application from Harvest Lane Asset Management regarding the affairs of Zenith Minerals Limited, which is under a recommended off-market takeover bid by Forrestania Resources Limited. The applicant claims that Forrestania's acquisition of the Edna May Mine and the subsequent equity placement were not disclosed in the Bidder's and Target's Statements, which could have misled shareholders. The application also questions whether Forrestania complied with standstill obligations when it acquired a pre-bid interest in Zenith. The applicant seeks interim orders to prevent further acceptances and final orders to void certain acceptances and vest shares in ASIC if standstill provisions were breached.