LINGBAO GOLD Successfully Acquires 50%+1 Share Stake in St Barbara Mining Pty Ltd
Stock News
Apr 02
LINGBAO GOLD (03330) has announced that all conditions precedent under the share placement agreement have been fulfilled or waived. In accordance with the terms and conditions of the agreement, the subscription was completed on April 2, 2026. Following the completion, the consideration has been fully paid and settled as stipulated by the share placement agreement. The company now beneficially holds a 50%+1 share stake in the target company, St Barbara Mining Pty Ltd. Consequently, the target company will become a non-wholly owned subsidiary of LINGBAO GOLD. It is expected that the financial results of the target company will be consolidated and recorded in the group's consolidated financial statements.
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