QCoal Pty Ltd made an offer to acquire Bounty Mining Limited (ASX:B2Y) on August 27, 2019. On September 2, 2019, QCoal Pty Ltd revised its offer to acquire Bounty Mining Limited. QCoal Pty Ltd entered into an agreement to acquire Bounty Mining Limited on March 29, 2020. Transaction is subject to approval from the Board of Directors of QCoal Pty Ltd. Subject to obtaining the necessary approvals for transfer of assets, the transaction is expected to be completed by May 2020.