Public Holdings (Australia) Limited entered into conditional binding agreements to acquire Two Resource Projects from Great Sandy Pty Ltd on January 10, 2018. The two projects include Talga Gold-Copper Project and Gimlet Gold Project. Besides, Public Holdings will acquire Great Sandy’s interests in a farm-out and joint venture for the Emu Creek Gold Project, pursuant to which Great Sandy can earn up to 70% interest in that project. A combined consideration will be paid by issue of 32.5 million shares and 13 million as deferred consideration on achievement of certain milestones. In a related transaction, Public Holdings plans to raise capital of up to AUD 7.5 million via a share placement. The transaction is subject to shareholder approval of Public Holdings, re-compliance with Chapters 1 and 2 of the ASX Listing, receiving conditional approval from ASX to reinstate the securities of Public Holding, completing the capital raising, replacing convertible notes held by investors in an entity that was previously seeking to acquire the tenements with convertible notes of the Public Holdings and obtaining relevant ASX waivers. Deal is expected to close on June 1, 2018. Peregrine Corporate Limited acted as financial advisor to Public Holdings.