Chun Can Capital Group (OTCPK:CNCN) made an offer to acquire 54.6% stake in Middle East Diamond Resources Limited on November 6, 2020. On completion, Chun Can Capital Group will hold 100% stake in Middle East Diamond Resources. In a related transaction, Middle East Diamond Resources Limited entered into a heads of agreement to acquire Casa Mining Limited from Chun Can Capital Group on November 6, 2020.

A waiver of the mandatory offer will be sort by shareholders of Middle East Diamond Resources, holding more than 50% of the general voting rights.