APAC Resources acquires additional shares in Bellevue Gold

APAC Resources (HKEX:1104) announced a discloseable transaction involving the acquisition of additional shares in Bellevue Gold, an Australian gold producer listed on the ASX. On April 15, 2025, the company's subsidiary accepted the allotment of 5,882,353 shares in Bellevue Gold, representing approximately 0.40% of the enlarged issued share capital after placements, for AUD5,000,000 or AUD0.85 per share. Simultaneously, the subsidiary acquired 2,000,000 shares through on-market transactions for AUD1,791,000 or AUD0.90 per share. Prior to these transactions, APAC Resources acquired 12,500,000 shares in Bellevue Gold within a 12-month period for AUD14,221,000 or AUD1.14 per share. The aggregate consideration for all acquisitions is approximately AUD21,012,000, to be settled in cash. After the acquisitions, APAC Resources now holds 22,132,353 shares in Bellevue Gold, representing approximately 1.51% of the enlarged issued share capital after the Placements.