Zeotech Limited (ASX:ZEO) agreed to acquire Kalotech Pty Ltd for AUD 3.79 million on August 23, 2021. The consideration for the acquisition of all of the issued share capital of Kalotech will be the issue of 37 million fully paid ordinary shares in Zeotech. The Acquisition remains conditional on: (iii) obtaining all shareholder approvals required under ASX Listing Rules 10.1 and 10.11, and Chapter 2E of the Corporations Act. Zeotech completing due diligence to its absolute satisfaction of all legal, financial, and technical aspects of the Toondoon deposit, the Mining Lease, EPM 27395, EPM 27866 and associated reports and agreements as well as full corporate due diligence of Kalotech by the date being 90 days from the date of the agreement. Kalotech exercising its option and completing the sale and purchase of ML80016 and providing ZEO with copies of the completed sale documentation.
Zeotech Limited (ASX:ZEO) completed the acquisition of Kalotech Pty Ltd on June 23, 2022.