Capwill Global Limited entered into an Letter of intent to acquire Natarang Offshore Pty Ltd from Kingsrose Mining Limited (ASX:KRM) for $7.5 million on July 1, 2022. As per process deed, a deposit of any agreed purchase of $1 million deposited. As of October 4, 2022 Kingsrose Mining Limited is pleased to announce that it has entered into a binding, conditional agreement with Capwill Global Limited for the sale of the Way Linggo gold project. The transaction is subject to confirmation of receipt of an application for a change in shareholder of PT Natarang Mining, shareholder approval of PT Natarang Mining and ermination or voluntary resignation of all of PT Natarang Mining's commissioners, directors and remaining employees, payment of any outstanding entitlements and amounts, including any redundancy payments, owing to commissioners, directors and employees of PT Natarang Mining. As of December 6, 2022 all conditions precedent to completion have been satisfied. The transaction is expected to Complete on December 16, 2022. James Nicholls, Alex Jones and Joanne Steer of DLA Piper Australia Pty Ltd acted as legal advisors to Kingsrose Mining Limited.

Capwill Global Limited completed the acquisition of Natarang Offshore Pty Ltd from Kingsrose Mining Limited (ASX:KRM) on December 16, 2022.