Aguia Resources Limited (ASX:AGR) made an offer to acquire Andean Mining Limited for AUD 4 million on December 21, 2023. Under the Offer, Aguia proposes to offer approximately 453 million Aguia shares in consideration for 100% of the issued shares in Andean. QR Lawyers are acting as Australian legal adviser to Aguia.

Ash Street Lawyers are acting as legal adviser to Andean. As of March 7, 2024, Aguia Resources Limited voting power in Andean Mining Limited has risen above 25% to 46.14%. As of March 27, 2024, the tender offer period has been extended to April 29, 2024.

As of April 22, 2024, the tender offer period has been extended to May 31, 2024.