Core Viewpoint - The company has approved the acquisition of Cygnet Gold, which will result in the company owning 100% of Cygnet Gold, a project with approximately 2.06 million ounces of gold resources, for a total consideration of approximately AUD 60.31 million [1][2]. Acquisition Details - Watkins Gold will acquire a total of 6.63% of Cygnet Gold's equity, with a total consideration of AUD 16.6 million, consisting of AUD 6.9 million for 2.75% from Qiu Family and Golden Resource, and AUD 9.7 million for 3.88% from other minority shareholders [1]. - Following the completion of the acquisition, Watkins Gold will hold 100% of Cygnet Gold, which will become a wholly-owned subsidiary of the company [2]. Capital Increase - The company has entered into subscription agreements with Qiu Family and Golden Resource to issue 8.7 million shares at a subscription price of HKD 2.62 per share, totaling approximately HKD 22.74 million [2]. - Additionally, Cygnet Gold's minority shareholders will subscribe for a total of 12.2 million shares at the same price, leading to an increase in the total issued shares from 2.522 billion to 2.543 billion [3]. Share Option Redemption - 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]. - The redemption will include 4.2 million options held by the executive director and 7.05 million options held by other employees, resulting in no unexercised options remaining after the redemption [4].
中国罕王(03788)：Watkins Gold拟收购Cygnet Gold的6.63%股本