Xingye Yinxi Subsidiary Plans to Subscribe for 20% of Australian TAT Shares

Xingye Yinxi said its wholly owned subsidiary, Xingye Gold (Hong Kong) Mining Co., Ltd., signed an equity subscription agreement with Australian-listed Tartana Minerals Limited to buy TAT placement shares in two batches at A$0.053 per share. According to Jin10, the total subscription will account for 20% of TAT's issued shares on the completion date, rounded down to the nearest whole share, with a total transaction value of about A$5.1827 million. The first batch will involve the maximum whole number of shares below 10% of TAT's issued shares, with an estimated transaction value of about A$2.3034 million. The second batch is valued at about A$2.8793 million. Funding will come from the company's own or self-raised capital, and the deal still needs filings or approvals from relevant national authorities and overseas competent authorities.