Ocean Blue International Ltd entered into a share purchase agreement to acquire Soon Mining Limited on March 31, 2015. As part of transaction, Soon Mining Limited will issue its 125 million shares to the shareholders of Ocean Blue International Ltd. On completion of the transaction, the Board of Directors of Soon Mining Limited will consist of Ching-Tiem (Oscard) Huang, Ching-Ling (Linna) Chi, Ching-Chen (Jessica) Chi and Jeremiah Thum.

Completion of the transaction is conditional on Soon meeting all relevant requirements under the Listing Rules to be admitted to the official list of the ASX, including successfully raising a minimum of AUD 3 million under the offer. The transaction is expected to be completed by October 13, 2015. Ching-Tiem Huang will serve as Managing Director of Soon Mining Limited. KCT Consulting Mining acted as mining valuers for Ocean Blue International Ltd. KCT Consulting Mining were paid a fee of AUD 0.05 million for the geology expert report.


Ocean Blue International Ltd completed the acquisition of Soon Mining Limited on March 15, 2016.