Triton Minerals has reached a $1.5m agreement to acquire Gregory James Sheffield’s 20% interest in Grafex Limitada.
The agreement will increase Triton’s stake in Grafex Limitada to 100% and accordingly increase its share to 100% in its graphite projects located in Mozambique.
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Based in Australia, Triton Minerals is engaged in mineral exploration, while Grafex Limitada is a Mozambique-based company engaged in providing graphite mining licences.
Hanking Australia Investment has signed a bid implementation agreement with Primary Gold for acquiring all the issued shares of the latter for approximately A$37.5m ($29.68m).
Hanking currently holds 8.4% interest in Primary Gold and has agreed to pay A$0.0575 ($0.045) a share in cash for all issued shared of Primary as part of the agreement.
Hanking Australia has also agreed to provide A$1.5m ($1.18m) unsecured loan facility to Primary Gold to meet its short-term working capital requirements during the offer period.
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By GlobalDataThe acquirer company is a subsidiary of Chinese iron ore mining company China Hanking Holdings, while the target company is engaged in the exploration and production of gold.
Both companies involved in the transaction are based in Australia.
Azincourt Energy has entered a non-binding letter of intent (LoI) to purchase 99.5% of the outstanding share capital of Guevan Petroleum for C$680,000 ($540,000).
Azincourt will issue four million common shares priced at C$0.17 ($0.13) each over a 12-month period as part of the LoI.
Based in Canada, the acquirer company is engaged in the exploration of lithium and uranium, while the target company is a Peruvian company that owns the Macusani-Cuzco lithium-uranium project.
Zonoville Investments has signed an agreement to acquire a 6% stake in United Company RUSAL from Russian private equity firm ONEXIM Group, increasing its total stake in the target company to 26.5%.
Zonoville is a consortium of investors led by Renova Group and Access Industries, while the target company is a Russian company engaged in production and sale of aluminium.
Marubeni Corporation has signed an agreement with Mitsui & Co Ltd to acquire 0.46% stake in Minera Los Pelambres, increasing its stake to 9.21%.
Marubeni is an integrated trading and investment business conglomerate based in Japan, while the target company is a Chilean copper production company jointly operated by Antofagasta and Japanese consortiums.
Mitsui & Co, also based in Japan, is a seller of steel products and investor in copper, nickel, coal, and cobalt smelting projects.
