Pegmont Mines Limited made an offer to acquire remaining 20% stake in Kimberley Ventures Limited for AUD 6,000 in stock on August 18, 2014. Pegmont Mines will issue its 0.1 million shares at AUD 0.06 per share as consideration. Following the completion of the deal, Pegmont Mines will own 100% stake in Kimberley Ventures.

Pegmont Mines Limited cancelled the acquisition of remaining 20% stake in Kimberley Ventures Limited on August 18, 2015.