Odessa Minerals Limited (ASX:ODE) entered into a binding share sale agreement to acquire OD4 Noonie Pty Ltd from Odette Geoscience Pty Ltd, Geobase Australia Pty Ltd, Leigh Sinclair ATF Holden Sinclair Family Trust and Christabel Jayne Brand ATF The Brand Trust for AUD 0.92 million on October 25, 2022. Consideration will be paid by issuing 51,156,870 shares, 20,462,806 unlisted options to OD4 Noonie option holders and repay loan of AUD 0.15 million to Odette. After completion Odessa Minerals Limited will hold 100% stake in OD4 Noonie Pty Ltd. The transaction is subject to Odessa Minerals Limited due diligence review of OD4 noonie and tenment, Odessa Minerals Limited and major shareholders of OD4 obtaining regulatory and shareholder approvals and OD4 and Odette One Pty Ltd entering into royalty agreement. Completion will take place 5 business days after satisfaction or waiver of the Conditions Precedent. As on December 1, 2022 shareholders of Odessa Minerals Limited approved the acquisition.

Odessa Minerals Limited (ASX:ODE) completed the acquisition of OD4 Noonie Pty Ltd on December 1, 2022.