Emerald Resources NL said Oct. 4 that it has officially closed its offer for shares of Renaissance Minerals Ltd.
As of Sept. 30, the closing date of the offer, Emerald acquired additional acceptances of 494,030,139 Renaissance shares, which resulted in Emerald increasing its relevant interest to 96% of the fully paid ordinary shares on issue. The final number of acceptances is subject to confirmation.
The Emerald shares will be allotted to shareholders Oct. 5.
Emerald will compulsorily acquire any remaining Renaissance shares, it said Sept. 28.