Auplata S.A. (ENXTPA:ALAUP) agreed to acquire 4.82% stake in OSEAD Maroc Mining SA (OMM) from Osead SAS for €4 million on June 26, 2017. The 4.82% stake was acquired with an option granted by OSEAD, as from when Auplata will hold 5% of the share capital of OSEAD Maroc Mining SA, to gradually purchase 100% of OSEAD Maroc Mining SA. If the five-year purchase option is fully exercised, the total acquisition price of 100% stake in OMM is €82.9 million, including €78.75 million for remaining 95.18% stake in OMM. As reported, 75% of the purchase consideration is to be paid in cash and the balance in cash or new Auplata shares, at Auplata’s option. The purchase of 4.82% stake was financed by the issuance of part of the OCABSA bonds (convertible bonds with warrants attached) subscribed by the investment fund Bracknor Fund Ltd on April 13, 2017. The transaction will allow Auplata to gradually and indirectly purchase (through OMM) up to 38.28% of the share capital of Compagnie Minière de Touissit. Auplata S.A. (ENXTPA:ALAUP) completed the acquisition of 4.82% stake in OSEAD Maroc Mining SA (OMM) from Osead SAS on October 30, 2017.