Toil Resources Pty Ltd entered into an agreement to acquire Golden Iron Resources Limited from Vector Resources Limited (ASX:VEC) for AUD 0.43 million on December 8, 2015. The transaction is subject to due diligence and the shareholders of Vector have approved the sale.

Toil Resources Pty Ltd completed the acquisition of Golden Iron Resources Limited from Vector Resources Limited (ASX:VEC) on February 12, 2016.