Northern Mining Limited (ASX:NMI) agreed to acquire Cogent Commercial Limited from Tony Ong for NZD 15 million on December 10, 2018. The acquisition, if successful, will facilitate a change of business of Northern Mining into a property development and investment company with a focus in Australia and New Zealand. Also, Northern Mining submitted an application to ASX for in-principle advice in relation to ASX Listing Rules 1.1 condition 1 and 1.19. On July 30, 2019, Northern Mining Limited prepared a revised in-principle application for the acquisition of Cogent Commercial Limited and will update shareholders as and when there are material developments. In early September 2019, ASX advised that it will exercise its discretion under Listing Rule 1.19 to decline the Company’s application for re-admission to the official list and board of directors exploring all its options, which may include an alternative listing of the Company’s shares should the Company be delisted by ASX by the end of January 2020. On September 27, 2019, Northern Mining Limited had submitted a revised application to ASX. The transaction is subject to ASX approval and Northern Mining Limited shareholders approval. Piper Alderman and Dentons Kensington Swan acted as legal advisor to Northern Mining Limited. Moore Stephens Perth Corporate Services Pty Ltd acted as fairness opinion provider to Northern Mining Limited. A D Danieli Audit Pty Ltd acted as accountant to Northern Mining Limited. Minerva Corporate Pty Ltd acted as IPO manager and shareholder meeting coordinator for Northern Mining Limited.