Jupiter Mines (ASX:JMS) said Exxaro Resources is expected to acquire a 19.99% stake in the firm and become its largest shareholder, according to a Wednesday Australian bourse filing.
Exarro entered into a binding agreement to acquire Ntsimbintle Holdings' 37.1% stake in the Tshipi manganese mine, OM Holdings' (ASX:OMH) 13% stake in the mine, as well as Ntsimbintle and OM Holdings' marketing rights, equating to the right to market 50.1% of ore sales from the mine. The deal is subject to certain conditions, including the receipt of regulatory approvals in South Africa.
As part of the deal, the South African miner will also acquire 392,012,248 fully paid ordinary shares in Jupiter from Ntsimbintle, at 3.69 South African rand per share.
Jupiter will continue to hold a 49.9% stake in the mine and continue to exercise joint control over Tshipi operations, consistent with current
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。