Under the terms of the agreement, KDG will subscribe for an initial 13.04% of MC Mining for an aggregate consideration of US$12,970,588 and implied price per share of US$0.2089 1 (at the prevailing exchange rates, AU$0.30832 or ZAR3. 72.061 per share} which subscription shall be effected no later than 5:00 pm Hong Kong Time on 4 September 2024, subject to the satisfaction of certain conditions outlined below. The second subscription for the remaining aggregate US$77,029,412 will be effected within seven (7) business days of the fulfilment or waiver of the conditions precedent applicable to that subscription including obtaining shareholder approval at an Extraordinary General Meeting (EGM) and receiving all relevant regulatory approvals.
