Mandrake Resources Limited (ASX:MAN) entered into binding term sheet agreement to acquire Atacamoz Pty Ltd for AUD 4.76 million on March 25, 2022. The consideration to acquire Atacamoz is: i. 80,000,000 fully paid ordinary shares in the capital of the Company (50% escrowed for 6 months); and ii. AUD 1 million forming a loan to Atacamoz. The Term Sheet is conditional upon the successful completion of a 12-week due diligence period and regulatory approvals. The due diligence period has been extended to August 24, 2022.

Mandrake Resources Limited (ASX:MAN) cancelled the acquisition of Atacamoz Pty Ltd on September 26, 2022.