Kinterra Critical Materials & Infrastructure Opportunities Fund Ii, Lp managed by Kinterra Capital Corp. proposed to acquire remaining 80.84% stake in New World Resources Limited (ASX:NWC) for approximately AUD 180 million on June 22, 2025. A cash consideration of AUD 164.65 million valued at AUD 0.057 per share will be paid by Kinterra Critical Materials & Infrastructure Opportunities Fund Ii, Lp managed by Kinterra Capital Corp. As part of consideration, AUD 164.65 million is paid towards common equity of New World Resources Limited. Upon completion, Kinterra Capital Corp. will own 100% stake in New World Resources Limited. The transaction is subject to consummation of due diligence investigation. As of June 30, 2025, Kinterra Capital Corp. increased its offer price to 0.062 per share. As part of consideration, AUD 179 million is paid towards common equity of New World Resources Limited.
Moelis Australia Securities Pty Ltd. and MAFG Operations Pty Ltd have been appointed as financial advisors by Kinterra Capital Corp. Allens is acting as a legal advisor to Kinterra Capital Corp. Boardroom Pty Limited is acting as a registrar to Kinterra Capital Corp.