Core Viewpoint - The company has approved the acquisition of Cygnet Gold, capital increase, and redemption matters, aiming to consolidate its ownership in Cygnet Gold and enhance its financial position in the gold mining sector [1][2][3]. Acquisition Details - The company’s subsidiary, Watkins Gold, will acquire a total of 6.63% equity in Cygnet Gold for approximately AUD 16.6 million, which includes a purchase of 2.75% from Qiu Family and Golden Resource for AUD 6.9 million and 3.88% from other minority shareholders for AUD 9.7 million [1]. - Following the completion of these acquisitions, Watkins Gold will hold 100% of Cygnet Gold, which operates a gold mine project with approximately 2.06 million ounces of gold resources [1][2]. Capital Increase - The company has entered into subscription agreements with Qiu Family and Golden Resource to issue 8.7 million shares at HKD 2.62 per share, and with Cygnet Gold's minority shareholders to issue an additional 12.2 million shares at the same price [2][3]. - Post capital increase, the total issued shares of the company will rise from 2.522 billion to 2.543 billion, resulting in a dilution of the company's ownership from 91.19% to 90.44% [3]. Redemption of Options - The company plans to redeem all unexercised share options under the Australian share option plan, which includes 11.25 million options that have been granted but not exercised [3][4]. - The redemption will include 4.2 million options held by executive director Qiu and 7.05 million options held by other independent employees [3].
中国罕王：Watkins Gold拟收购Cygnet Gold的6.63%股本