Weatherly International has entered a binding agreement with Hong Kong East China Non-ferrous Mineral Resources to increase its stake in China Africa Resources Namibia (CARN) to 90% by acquiring an additional 65% stake for a cash consideration of $600,000.
Based in the UK, Weatherly International is a copper mining and exploration company, while the target company is a private Namibian company, which owns the Berg Aukas underground zinc-lead-vanadium project.
Weatherly International has arranged finance from Orion Mine Finance for the acquisition and engaged RFC Ambrian as nominated adviser and broker.
APAC Resources Mining has reached an agreement with Allied Properties Resources to acquire a 38.09% stake in Tanami Gold for A$20.14m ($16.16m), representing a 9.76% premium to the target company’s closing share price.
Based in the UK, APAC Resources Mining is a wholly owned subsidiary of Hong Kong-based APAC Resources, while Tanami Gold is an Australian exploration company.
APAC Resources has engaged Beijing Securities as financial adviser for the transaction.
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Zebra Holdings & Investments has increased its stake in NGEx Resources by 7.20% to 18.07% by acquiring 16.3 million common shares, priced at C$1.10 ($0.89) each for C$17.93m ($14.57m).
Zebra Holdings is an investment holding company based in Luxembourg, while NGEx is a Canada-based company engaged in the exploration and development of gold and copper mineral properties.