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.