Zhongxin Mining Co., Ltd. (Zhongxin Mining) announces that the tender capital of its wholly-owned subsidiary has renewed the conditional tender offer for the entire share capital of Tietto Minerals Limited. On 15 April 2024, Fund Capital issued a second Supplementary Contracting Statement, which waived certain regulatory approval conditions in the original conditional agreement and raised the offer price from AU$0.58 per share to AU$0.68 per share and declared this as the final price. The offer price is 60% to 100% over the market price of Tietto Minerals Limited shares prior to the announcement date. The fund has received all approvals from the relevant Chinese regulatory authorities and considers that it does not require the consent of the Government of Côte d'Ivoire...Show More

Zhongxin Mining Co., Ltd. (Zhongxin Mining) announces that the tender capital of its wholly-owned subsidiary has renewed the conditional tender offer for the entire share capital of Tietto Minerals Limited. On 15 April 2024, Fund Capital issued a second Supplementary Contracting Statement, which waived certain regulatory approval conditions in the original conditional agreement and raised the offer price from AU$0.58 per share to AU$0.68 per share and declared this as the final price. The offer price is 60% to 100% over the market price of Tietto Minerals Limited shares prior to the announcement date. The fund has received all approvals from the relevant Chinese regulatory authorities and considers that it does not require the consent of the Government of Côte d'Ivoire. The total cost of the acquisition is approximately AU$7.33 million, or approximately HK$37.18 million. Under the Listing Rules, this transaction constitutes a disclosable transaction, but is exempt from shareholder approval. Conditional contracts will remain open until May 2, 2024, but completion of the acquisition is subject to certain subsequent conditions and is not necessarily completed.