Horizon Minerals Limited (ASX:HRZ) agreed to acquire Greenstone Resources Limited (ASX:GSR) for AUD 13.3 million on February 13, 2024. Horizon Minerals Limited will issue 0.2868 shares for every one share of Greenstone. As of June 5, 2024, the transaction has been approved by Supreme Court of Western Australia. Argonaut Limited acted as financial advisor and Allen & Overy Australia acted as legal advisor for Horizon Minerals Limited. Steinepreis Paganin acted as legal advisor for Greenstone Resources Limited. BDO Corporate Finance (WA) Pty Ltd acted as financial advisor to Greenstone.

Horizon Minerals Limited (ASX:HRZ) completed the acquisition of Greenstone Resources Limited (ASX:GSR) on June 18, 2024. Trading in Greenstone securities on the Australian Securities Exchange (ASX) was suspended from close of trading on June 6, 2024 and Greenstone will now apply to the ASX for the termination of official quotation and removal from the official list of the ASX, which is expected to take effect from close of business on June 18, 2024. Grant Haywood and Ashok Parekh have been appointed as new directors of Greenstone and Michael Edwards, Glenn Poole and James Croser have resigned as directors of Greenstone.