Delecta Limited (ASX:DLC) entered into an agreement to acquire Nabberu Minerals Pty Ltd for AUD 1.8 million on April 8, 2022. The consideration will be paid by the issue of AUD 0.9 million worth of fully paid ordinary shares in the capital of DLC with a deemed issue price of AUD 0.02 per DLC Share to the shareholders of Nabberu Minerals, and the issue of 30,000,000 options to acquire DLC option exercisable at AUD 0.03 per DLC Option on or before that date which is three years from the date of issue between the vendors. The transaction is subject regulatory approval. On August 2, 2022, Delecta Limited’s shareholders approved the acquisition of Nabberu Minerals Pty Ltd. The Board has resolved to extend the Closing Date of the Offers on 3 August 2022.

Moab Minerals Limited (ASX:MOM) completed the acquisition of Nabberu Minerals Pty Ltd on September 9, 2022.