Stanmore Resources Limited had executed a definitive agreement with BHP Minerals Pty Ltd in November 2021 to acquire BHP's 80% interest in BHP Mitsui Coal Pty Ltd. The Acquisition is expected to complete mid-CY2022, following the satisfaction of certain conditions precedent. One of the outstanding conditions is the approval of the Acquisition by shareholders of PT Dian Swastatika Sentosa Tbk, a major shareholder of Golden Energy and Resources Limited. The Extraordinary General Meeting of Shareholders has been postponed by DSS to a new date to be announced by DSS. Stanmore will provide an update once the new date of the meeting is known.Stanmore anticipates all the remaining conditions precedent, being DSS Shareholder approval, FIRB approval and a final overseas merger control clearance to be satisfied this month.
Stanmore Resources Limited had executed a definitive agreement with BHP Minerals Pty Ltd in November 2021 to acquire BHP's 80% interest in BHP Mitsui Coal Pty Ltd. The Acquisition is expected to complete mid-CY2022, following the satisfaction of certain conditions precedent. One of the outstanding conditions is the approval of the Acquisition by shareholders of PT Dian Swastatika Sentosa Tbk, a major shareholder of Golden Energy and Resources Limited. The Extraordinary General Meeting of Shareholders has been postponed by DSS to a new date to be announced by DSS. Stanmore will provide an update once the new date of the meeting is known.Stanmore anticipates all the remaining conditions precedent, being DSS Shareholder approval, FIRB approval and a final overseas merger control clearance to be satisfied this month.
