LINGBAO GOLD (03330) completes the subscription of 50%+1 shareholding in St Barbara Mining Pty Ltd.
Lingbao Gold (03330) has announced that all preconditions under the equity placement agreement have been met or waived, and in accordance with the terms and conditions of the equity placement agreement, the subscription has been finalized on April 2, 2026.
LINGBAO GOLD (03330) announced that all preconditions under the equity placement agreement have been met or waived, and in accordance with the terms and conditions of the equity placement agreement, the subscription matter was finalized on April 2, 2026.
Upon completion, the consideration will be fully paid and settled in accordance with the terms of the equity placement agreement, and the Company will beneficially own 50% + 1 shareholding in the target company St Barbara Mining Pty Ltd. As a result, the target company will become a non-wholly owned subsidiary of the Company, and it is expected that the financial performance of the target company will be consolidated and recorded in the comprehensive financial statements of the Group.
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