QGold Pty Ltd made an offer to acquire remaining 9.27% stake in Strategic Minerals Corporation NL (ASX:SMC) for AUD 4.4 million on August 28, 2020. As per the transaction, QGold Pty Ltd will acquire the remaining share at an offer price of AUD 0.5 per share. Upon completion, QGold Pty Ltd will hold 100% in Strategic Minerals Corporation NL. A copy of the compulsory acquisition notice was sent to the remaining shareholders of Strategic Minerals informing them of their right to object to the compulsory acquisition by completing and returning an objection form by October 2, 2020. QGold Pty Ltd completed the acquisition of remaining 9.27% stake in Strategic Minerals Corporation NL (ASX:SMC) on October 5, 2020. The objection period has expired on October 5, 2020. As of October 5, 2020, there were 6 shareholders who objected to the compulsory acquisition representing 1.4% of the ordinary shares covered by the notice. As on October 16, 2020, Strategic Minerals Corporation advise that the ASX have indicated that the company will be removed from the official list at the close of business today.