Lindian Resources (ASX:LIN) signed a binding share purchase agreement to acquire the remaining 25% interest in Bauxite Holding from its minority partners in the Lelouma bauxite project in Guinea, according to a Monday filing with the Australian bourse.

The vendors will receive 20 million ordinary Lindian shares as part of the agreement. Shares will be restricted from trading for six months starting from the issue date, the filing stated.

At completion, the parties will enter into a royalty agreement under which each minority partner will receive its proportion of a royalty interest of 1%, per the filing.

Lindian Resources' shares were down 8% in recent Monday trade.