Afarak Group Oyj (HLSE:AFAGR) signed an agreement to acquire an additional stake in certain South African Mining Assets on May 29, 2019. In a related transaction, Afarak Group Oyj signed an agreement to acquire an additional stake in certain South African Mining Assets. As a consideration for both transactions, Afarak Group will issue a total of 2.1 million new shares. The consideration shares will be registered with the Finnish Trade Register. Afarak will apply for the admission of the new issued consideration shares to public trading on the Nasdaq Helsinki stock exchange in the same class of shares as the company’s existing shares approximately during June 2019. The share issuance is approved by the Board of Afarak and is authorized by the shareholders of Afarak in Annual General Meeting held on May 29, 2019. The transaction is not expected to have any major impact on Afarak or its business and will not affect the financial performance of the Group in 2019. Afarak Group Oyj (HLSE:AFAGR) cancelled the acquisition of an additional stake in certain South African Mining Assets on May 29, 2020. Transaction was terminated due to changed circumstances .