Goldfields Money Limited (ASX:GMY) signed an agreement to acquire Finsure Holding Pty Ltd from Resimac Group Limited (ASX:RMC) and other shareholders for AUD 53.4 million on November 23, 2017. On January 15, 2018 Goldfields Money Limited signed a share sale and purchase agreement to acquire Finsure Holding Pty Ltd. As part of the consideration Goldfields Money Limited will issue 40.75 million shares at a price of AUD 1.50 per share to the shareholders of Finsure Holding Pty Ltd. On January 5, 2018 Goldfields Money Limited and Finsure Holding Pty Ltd agreed to extend the date of process agreement to January 12, 2018, to allow further time to finalize due diligence and binding documentation. Finsure Holding Pty Ltd will pay a break fee of AUD 0.35 million in case it terminates the sale and purchase agreement. Goldfields Money Limited or Finsure Holding Pty Ltd will terminate the sale and purchase agreement if Finsure Holding Pty Ltd may terminate for breach of exclusivity by Goldfields Money Limited, Material and remedied breach of the sale and purchase agreement by the other party, occurrence of a material adverse effect or prescribed event in respect of the other party and non-satisfaction or waiver of a condition precedent inserted for either parties benefit by April 30, 2018.

John Kolenda, Managing Director of Finsure Holding Pty Ltd, will join board of Goldfields Money Limited. The transaction is subject to regulatory, treasurer, shareholders and Australia stock exchange approvals. As of January 31, 2018, several conditions have been fulfilled including acquisition of Nationalcorp Home Loans and consent of Bendigo and Adelaide Bank Limited. As of June 1, 2018, Federal Treasure has approved the transaction subject to Goldfields Money Limited raising at least AUD 20 million in common equity tier 1 capital. Both the parties have agreed to extend the date for satisfaction of conditions up to July 31, 2018. As of April 18, 2018, Goldfields Money Limited's shareholders meeting and completion of transaction is expected to complete during June 2018. As of June 4, 2018, Goldfields Money Limited's shareholders meeting and completion of transaction is expected to complete during July 2018. As of August 7, 2018, Goldfields Money Limited's shareholders' meeting is scheduled to take place on September 7, 2018. As of September 7, 2018, shareholders of Goldfields Money Limited have approved the transaction. The Board of Directors of Goldfields Money Limited unanimously recommended the shareholders to approve the transaction. As of September 17, 2018, Goldfields Money Limited is also pleased to confirm the receipt of APRA's confirmation that the treasurer's approval conditions for the acquisition have now been met. The transaction is expected to complete in March 2018. As of July 26, 2018, the transaction is now expected to close in September 30, 2018. As of August 7, 2018, completion is expected to take place on September 14, 2018. As of September 17, 2018, completion is expected to take place on September 17, 2018. Ernst & Young Transaction Advisory Services Limited is acting as Independent Expert, Azure Capital Pty Ltd. is acting as financial advisor and Lavan Legal is acting as legal advisor to Goldfields Money Limited. Aura Capital Pty Ltd is acting as financial advisor and Ashurst Australia is acting as legal advisor to Finsure Holding Pty Ltd on the transaction.