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Panel dismisses Strata's plea

THE Takeover Panel has thrown out an attempt by significant St Barbara Mining shareholder, Strata Mining Corp, to stop majority shareholder Resource Capital Fund using its shares in a vote to remove St Barbara board members Stephen Miller and Kevin Dundo.

Rebecca Keenan
Panel dismisses Strata's plea

The Panel said there was no persuasive evidence and no correspondence between St Barbara directors and RCF which related to the proposed board changes. RCF increased its shareholding to 22.6% from 7.68%...

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