The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region
Issue link: https://asiaminer.epubxp.com/i/632337
24 | ASIA Miner | Volume 13 • Issue 1 | 2016 China 北方矿业收购金矿股份 - 北方矿业 公司收购北陆资源有限公司49%的股权，北陆 公司持有位于中国西部的新疆维吾尔自治区和 位于中国北部的内蒙古的金矿股份，总价值725 万澳元。 金矿。属于其他方的相邻矿权，位于延伸至北 陆矿区内的那拉提红柳河成矿带内，最近发现 北方矿业拟支付250万澳元现金并发行价值475 万澳元的1.58亿股股票，以收购万耀昌先生所有 的北陆公司。协议于9月18日签署。 但是，在9月25日发表的一份声明中，公司表 示在ASX规则下利用其15%的配股能力只能发 行140,766,239股普通股，剩下17,567,094股待 发行。为了确保收购顺利完成，公司同意向北 陆公司支付527,013澳元现金，补足发行股票的 短缺。 并购和支付计划随后在公司年会上获得股东同 意。该计划必须遵从尽职调查和其他批准。 支出1200 其母公司-北陆获得资金支持，以在进一步提交 给中国新疆地矿局之前完成最后的地质研究。 后尽快提交给地矿局审批。 并购协议还包括任命北方矿业公司主席Tony Ong为北陆资源有限公司的董事。 北方矿业也在寻找其他黄金和镍的开采机会。 与北陆的协议包括在公平交易的基础上，所有 北陆的钻探服务和设备交易业务转移给与北陆 不相关的第三方。 EMERGING Australian resources exploration and development company Northern Mining has acquired a 49% stake in North- land Resources Limited which has gold mining interests in Xin- jiang Uygur Autonomous Region of western China and interests in Inner Mongolia, northern China, for a total of Aus$7.25 million. The acquisition includes a gold concession in Xinyuan County in the Ili Valley of Xinjiang. The neighbouring tenements owned by a separate party are the site of a recently announced large discovery of gold within the Narat-Hongliu River metallogenic belt which continues into Northland's concession. Northern intended to pay Aus$2.5 million cash and issue more than 158 million shares with a value of Aus$4.75 million for the stake in Northland, which is owned by Mr Wan Yew Cheong. The agreement was signed on September 18. However, in an announcement on September 25, the compa- ny stated it was only able to issue up to 140,766,239 ordinary shares by utilizing its 15% placement capacity under ASX rules, which left the remaining shares of 17,567,094 to be issued. In order to have the certainty of the completion of the acquisition, the company agreed with Northland to pay cash of $527,013 in lieu of issuing the shortfall shares. The acquisition and payment arrangements were subsequent- ly approved by shareholders at the company's annual general meeting. The arrangement is subject to due diligence and other required approvals. Oulinda Group, a Northland subsidiary, has spent the last two years and more than US$12 million to secure the gold conces- sion. Oulinda is expected to secure fnancing support from its parent company Northland so as to complete its fnal geological study before further submissions are made to the Xinjiang Ge- ology and Mineral Resources Bureau in China. A formal drilling and exploration program is also expected to be submitted for the Bureau's approval as soon as funding is secured. The acquisition agreement also included the appointment of Northern Mining's chairman Tony Ong as a director of Northland Resources Limited. Northern Mining is also seeking exposure to other gold and nickel mining opportunities. Its exploration portfolio comprises gold prospects in the Kalgoorlie region of Western Australia. The arrangement with Northland involved the transfer of all the drilling services and equipment trading businesses of Northland on an arms-length basis to an independent party unrelated to Northland. The acquisition by Northern Mining of a 49% stake in Northland Resources incorporates gold interests in Xinjiang Uygur Autonomous Region, western China. Northern Mining acquires gold interests