Raubex (pty) Limited acquired 24.7% stake in Bauba Resources Limited (JSE:BAU) from The Kumane Trust, Absaloms Limited, The Dunkeld Trust and Tomarnic Limited for ZAR 66.6 million on January 31, 2022. Under the terms Raubex (pty) Limited will acquire 185 million shares for ZAR 0.36 per share. Post acquisition Raubex (pty) Limited will hold 51% stake in Bauba Resources Limited. In a related transaction Raubex (pty) Limited made an offer to acquire remaining stake in Bauba Resources Limited.

Raubex (pty) Limited completed the acquisition of 24.7% stake in Bauba Resources Limited (JSE:BAU) from The Kumane Trust, Absaloms Limited, The Dunkeld Trust and Tomarnic Limited on January 31, 2022