Brightstar Resources (ASX:BTR) said it acquired 100% of the shares in Aurumin (ASX:AUN), and all Aurumin options were cancelled in exchange for New Brightstar options as the schemes of arrangement for the acquisition were implemented, according to separate Australian bourse filings on Tuesday.

All eligible Aurumin security holders were issued with one new Brightstar share for every four Aurumin shares held as of Nov. 25, as well as one new Brightstar option for every four Aurumin options held.

An application was made to remove Aurumin from the official list of the ASX, which is expected to take effect on and from the close of trading on Wednesday.