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.