BRIEF-Dragon Mining says Takeovers Panel to not conduct proceedings on application on relationship between two shareholders

Feb 7 (Reuters) - Dragon Mining Ltd DRA.AX :

* Takeovers panel declines to conduct proceedings DRA.AX

* Says panel considered that there was not a sufficient body of evidence tojustify the panel making further enquiries

* Says panel also considered that, in the circumstances, the application was not timely

* Says panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances

* Panel declined to conduct proceedings with respect to application related to relationship between co's shareholders COL Capital Ltd and Eurogold Ltd

* Source text for Eikon News Search ID:nASX23RXdD

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