BAOR SARL agreed to acquire Kouri and Babonga gold projects from Golden Rim Resources Ltd (ASX:GMR) for $15.5 million on June 28, 2022. Considerations is paid as follows 1) Cash payment of $6 million within 15 business days of signing, 2) Cash payment of US$5.4 million within 30 days of signing, 3) Cash payment of US$6.0 million within 6 months of signing and 4) Cash payment of US$3.5 million within 12 months of signing. Should a payment not be made by the due date, BAOR will be provided with a notice of breach, incurring 8% interest on outstanding monies. If the funds plus outstanding interest are not paid within 30 days, Golden Rim may terminate the Agreement, and any payments already received by Golden Rim are not refundable. As of July 18, 2022, The BAOR SARL has advised of a delay for the initial payment of $0.6 million which was due to be paid by 19 July 2022, and the second payment of $5.4 million, which was due to be paid to Golden Rim by 27 July 2022. Both payments are now to be paid within 15 calendar days. The Share Sale Agreement provides that simple interest of 8% is payable on outstanding amounts. The transaction is not subject to shareholder approval.

BAOR SARL cancelled the acquisition of Kouri and Babonga gold projects from Golden Rim Resources Ltd (ASX:GMR) on August 2022.