Aspire Mining Limited agreed to acquire remaining 50% stake in Ekhgoviin Chuluu LLC from Noble Group Limited for $1 million.

Aspire Mining Limited (ASX:AKM) agreed to acquire remaining 50% stake in Ekhgoviin Chuluu LLC from Noble Group Limited (SGX:CGP) for $1 million on June 14, 2017. Aspire Mining Limited exercised its options to acquire the stake. In related transactions, Aspire Mining Limited will raise capital and convert debt to stock.

The transaction is subject to the approval by the shareholders Aspire Mining Limited. Shareholders of Aspire Mining Limited approved the transaction on July 26, 2017.