Emerald Resources' Compulsory Acquisition of Bullseye Mining Limited

Emerald Resources NL (ASX: $EMR) has acquired a relevant interest in 99.55% of Bullseye Mining Limited's shares and will now proceed with the compulsory acquisition of the remaining shares under the Corporations Act 2001 (Cth). Upon completion of the compulsory acquisition procedure, Emerald will issue the consideration for the acquired shares, and shareholders will be entitled to claim the consideration from Bullseye.

Executive Commentary on Compulsory Acquisition

Emerald Resources NL (ASX: $EMR) is pleased to announce the successful acquisition of over 99.55% of Bullseye Mining Limited's shares. The compulsory acquisition process will allow us to efficiently complete the acquisition and proceed with our strategic plans. We are committed to ensuring a smooth transition for Bullseye shareholders and look forward to integrating their assets into our portfolio.

Summary of Compulsory Acquisition and Future Outlook

Emerald Resources' acquisition of 99.55% of Bullseye Mining Limited's shares marks a significant milestone in the company's growth strategy. The compulsory acquisition process under the Corporations Act 2001 (Cth) will enable Emerald to fully integrate Bullseye's assets, further strengthening its position in the market. Shareholders can expect a seamless transition and will have the opportunity to claim the consideration for the acquired shares from Bullseye. This acquisition aligns with Emerald's ambitions for expansion and underscores its commitment to delivering value to its shareholders.