Provident Minerals Pte. Ltd. agreed to acquire 59.59% stake in Sihayo Gold Limited (ASX:SIH) for AUD 1.6 billion in a tender offer transaction on April 30, 2024. As at the date of this announcement, Provident Aurum directly holds 31.06% of fully paid ordinary shares in the capital of Sihayo.Provident Aurum?s voting power in Sihayo also includes interests held by two of Provident Aurum?s associates: Eastern Field Developments Limited, which holds 6.18% Sihayo Shares and Mr. Gavin Arnold Caudle who holds 3.17% Sihayo Stake.

Transaction is subject to fulfillment of minimum tender condition. Iffla Wade is acting as legal advisor to Sihayo Gold Limited.