Moon River Capital Ltd. (TSXV:MOO) signed an agreement to acquire Sojitz Moly Resources, Inc. from Sojitz Corporation (TSE:2768) for CAD 10 million on February 28, 2024. Pursuant to the agreement, the Moon River has agreed to acquire, all issued and outstanding common shares of Sojitz in consideration for CAD 1.00 and four annual earn-out payments. The earn-out payments payable by the Moon River to Sojitz shall not exceed CAD 10 million in the aggregate and are payable irrespective of whether or not the Endako Mining Complex is in production at such time. The transfer of shares will be officially completed following receipt of relevant regulatory approvals. The transaction is subject to antitrust and third party approval.

Moon River Capital Ltd. (TSXV:MOO) completed the acquisition of Sojitz Moly Resources, Inc. from Sojitz Corporation (TSE:2768) on May 30, 2024. Fasken Martineau DuMoulin LLP acted as legal advisor to Sojitz Corporation.