Lanka Graphite Limited (ASX:LGR) entered into share sale agreement to acquire Miniran Pty Ltd for AUD 1.4 million on April 18, 2017. Lanka Graphite will issue 10.56 million fully paid ordinary shares and make a cash payment of AUD 0.66 million. Shares will be issued immediately on completion of the transaction and the payment of cash component will be deferred for 12 months from completion. Lanka Graphite Limited (ASX:LGR) completed the acquisition of Miniran Pty Ltd on April 18, 2017.