JAKARTA – PT Indika Mineral Investindo (IMI), a subsidiary of PT Indika Energy Tbk (INDY), took over the entire issued and paid-up capital of Nusantara Resources Limited (NUS), a mining company listed on the Australian Securities Exchange (ASX).
Adi Pramono, Corporate Secretary of INDY, claimed that IMI had purchased 168,041,107 shares for AUD 0.35 each, amounting to AUD 58.81 million. The said number of shares includes the ones to be released in the upcoming rights issue. “Once the transaction is completed, NUS would no longer be listed on ASX, effective per tomorrow’s (7/10) trading’s closing bell,” he further revealed in the information disclosure earlier today (6/10).
The acquisition transaction over NUS’s shares took place today (6/10). This arrangement had been approved by NUS’s shareholders a couple of weeks ago (22/9) and Australian Court on September 24, 2021.
NUS is also recorded as a shareholder of PT Masmindo Dwi Area (Masmindo), which has an exclusive right over the Awak Mas Gold Mine Project until 2050 with reserved gold ores of 1.1 million ounces and other resources worth 2 million ounces in South Sulawesi.
Based on the consolidated financial report, as of November 2020, NUS’s identified net fair value of assets amounted to USD 98.90 million. (LK/ZH)