Kinterra Capital Submits Proposal to Acquire New World Resources

Whats Happening:

Kinterra Capital GP Corp. II has submitted a non-binding, indicative proposal to acquire 100% of New World Resources Limited for A$0.057 per share in cash. This proposal challenges a recent agreement between New World and Central Asia Metals Plc. Kinterra believes its offer is superior and in the best interest of New World shareholders. With a 19.16% relevant interest in NWC shares, Kinterra's stake makes the proposed CAML scheme unlikely to succeed.

Key Moves:

• Kinterra Capital submits proposal to acquire 100% of New World Resources

• Offer price of A$0.057 per share in cash

• Kinterra holds 19.16% relevant interest in NWC shares

By The Numbers:

• Proposed acquisition price: A$0.057 per share

• Kinterra's current stake in NWC: 19.16%

• Proposal subject to short period of confirmatory due diligence

Key Quotes:

• "Kinterra believes the Kinterra Proposal is in the best interest of New World shareholders and represents a Superior Proposal to the revised agreement entered into by New World and Central Asia Metals Plc on June 20, 2025."

Bottom Line:

Kinterra Capital's proposal to acquire New World Resources challenges an existing agreement and could reshape the ownership landscape of the company. With a significant existing stake and a cash offer, Kinterra is positioning itself as a serious contender in this potential acquisition, potentially forcing a reevaluation of the current deal with Central Asia Metals.

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