Freehill Investments Pty. Ltd. entered into a conditional share purchase agreement to acquire IATIA Ltd. (ASX:IAT) in a reverse merger transaction on November 18, 2015. Iatia will acquire 100% stake in Freehill Investments in exchange of pay 537 million post consolidation shares. The shares of Iatia will be consolidated through the conversion of every 222 shares into 1 share resulting in total issued shares becoming 8.5 million. Following the completion of the deal, the name will be changed from “Iatia Limited” to “Freehill Mining Limited". As of December 23, 2015, IATIA changed its name to Freehill Mining Limited. The acquisition is conditional on shareholder approval of Iatia, completing due diligence on Freehill, Iatia obtaining approvals from ASIC, ASX or other regulatory authority, Freehill obtaining all required Freehill shareholder and/or board approvals and Iatia completing the capital raising. The independent expert concluded the transaction to be fair and reasonable and the Board of Iatia recommended the shareholders to approve the deal. The shareholder’s meeting of Iatia will be held on December 17, 2015 to consider the deal. On December 4, 2015, the company submitted a request for the extension of time to hold its Annual General Meeting for the financial year ended June 30, 2015. ASIC has extended the period within which Iatia must hold its 2015 AGM from November 30, 2015 to December 17, 2015. As of December 17, 2015, IATIA shareholders approved the deal. The deal is expected to close by January 11, 2016. Hall Chadwick Corporate (NSW) Limited acted as fairness opinion provider to Iatia and will be paid an advisory fee of AUD 0.02 million and Computershare Investor Services Pty Limited acted as registrar to Iatia. Freehill Investments Pty. Ltd. completed the acquisition of Freehill Mining Limited (ASX:FHS) in a reverse merger transaction on January 16, 2017.