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40,287.53
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2,402.80
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104.4
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40,287.53
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40,063.79
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8,155.72
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2,402.80
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104.4
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17,417.68
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40,287.53
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8,155.72
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66,838.08
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80.25
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Gold
2,402.80
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41.42
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104.4
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17,417.68
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40,287.53
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40,063.79
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8,155.72
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0.6690
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66,838.08
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80.25
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2,402.80
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41.42
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104.4
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80.25
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41.42
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104.4
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104.4
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104.4
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104.4
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66,838.08
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Oil
80.25
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Gold
2,402.80
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Lithium
41.42
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Iron Ore
104.4
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Hang Seng
17,417.68
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8,155.72
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0.6690
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66,838.08
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80.25
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Gold
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Lithium
41.42
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Iron Ore
104.4
(-1.03%)

Australian Gold and Copper (ASX: $AGC) to complete Delin Mining transaction

Update on completion schedule for Delin Mining transaction


Australian Gold and Copper Ltd (ASX: $AGC) has announced the satisfaction of all conditions precedent for the proposed transaction with Delin Mining Group Corporation Limited. Shareholders voted in favor of the transaction at the recent Annual General Meeting, and all other conditions precedent under the Subscription Agreement have been satisfied or waived. The completion of the Subscription Agreement is scheduled for Thursday, 21 December 2023.

Chairman's commentary on the Transaction


AGC Chairman, Mr David Richardson, expressed his pleasure at the Subscription Agreement becoming unconditional and looks forward to closing this transformational strategic investment and welcoming Delin as a new major shareholder.

Summary of the completion schedule for Delin Mining transaction


Australian Gold and Copper Ltd (ASX: $AGC) has confirmed the unconditional status of the Subscription Agreement with Delin Mining Group Corporation Limited. The completion of the Subscription Agreement is set for Thursday, 21 December 2023, with Delin onshoring the relevant funds in respect of the Subscription Agreement by no later than Thursday, 7 December 2023. AGC Chairman, Mr David Richardson, expressed his anticipation for the closing of this transformational strategic investment and welcoming Delin as a new major shareholder. The Company is poised to finalize the transaction, marking a significant step in its corporate strategy.

Sourcehttps://announcements.asx.com.au/asxpdf/20231204/pdf/05y4m2x63yjn2z.pdf

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