Having a read of the Bidder Statement, just some observations...

Having a read of the Bidder Statement, just some observations (Target's Statement due within 15 days- see s633 of the Corporations Act):-

Relatively minor legal proceeding not concluded by the takeover.

CHENG as Trustee of the NEZA TRUST -v- BULLSEYE MINING LTD DownloadDecision (justice.wa.gov.au)

"4.15.2 Matter CIV 1989 of 2020
Mr Sam Cheng and Mr Eddy Cheng as trustees of the NEZA Trust commenced an action in the District Court of Western Australia, CIV 1989 of 2020, against Bullseye, seeking payment of capital raising fees from Bullseye in the amount of approximately $366,000.
On 1 June 2023, judgement was ordered in favour of Mr Sam Cheng and Mr Eddy Cheng in the sum of $518,113.32 (being the sum of $366,000 plus $152,113.32 in interest) (Judgement).
On 19 June 2023, Bullseye filed an Appeal Notice in the Supreme Court of Western Australia (Court of Appeal) appealing against part of the judgement."

Also, the counterclaim in Matter CIV 1987 of 2020 against Xinhe and Mr Huang has been incorporated in the settlement, however the "counterclaim remains on foot against Mr Cheng and the other relevant parties to the action."

"6.3 Intentions upon acquisition of 90% or more of Bullseye Shares
If, as a result of the Offer, Emerald becomes entitled to compulsorily acquire outstanding Bullseye Shares or securities convertible into Bullseye Shares under the Corporations Act, Emerald presently intends to proceed with compulsory acquisition of those securities."