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Taurus to proceed with compulsory acquisition of Realm Resources

T2 Resources Fund Pty. Ltd. will proceed with the compulsory acquisition of Realm Resources Ltd. after closing its offer to acquire Realm shares with a relevant interest of 96.3%, according to an Aug. 13 statement.

In February, T2, on behalf of Taurus Resources No. 2 LP and Taurus Resources No. 2 Trust, initially made an off-market takeover offer of shares that it did not already own for 90 Australian cents apiece then bumped up the offer to A$1 per share in May.

Taurus Resources No. 2 LP and Taurus Resources No. 2 Trust jointly hold 85.16% of Realm's stock.