Kazakhstan Potash Corporation Limited (ASX:KPC) made an offer to acquire Satimola Ltd. for $4.1 million on October 24, 2018. Under the terms, Kazakhstan Potash Corporation Limited offered to purchase up to 2.9 million ordinary shares of Satimola representing its total issued capital, at a cash purchase price of $0.20 per share. Kazakhstan Potash Corporation Limited offered to settle all convertible notes for approximately $3 million in cash and to settle all creditor liabilities for $0.56 million in cash. All the payments will be made in three tranches with 50% on completion of documentation, 25% within 6 months of first tranche and remaining 25% within 12 months of first tranche. Additionally, Kazakhstan Potash Corporation Limited will provide $0.1 million in working capital to Satbor LLP, a wholly owned subsidiary of Satimola Ltd., and a further $0.1 million to Satimola for transaction cost. Kazakhstan Potash Corporation Limited is looking to finance the offer from either debt or via a placement of shares or a combination of both. Kazakhstan Potash Corporation issued 200 million shares at $0.02 per share to fund the acquisition. As of November 16, 2018, Madam Cheung managing director and chairperson of Kazakhstan Potash Corporation was appointed for the board of Satimola. As of March 18, 2019, Kazakhstan Potash Corporation will raise $6.2 million through rights issue to fund the acquisition. Kazakhstan Potash Corporation Limited will only proceed with the offer if Satimola shareholders with a minimum of 51% of Satimola Limited issued capital accept the offer, and, the six largest Satimola Limited converting note holders (by value) also accept the offer. The offer will expire on October 31, 2018, unless extended. As of October 31, 2018, the offer will expire on November 14, 2018. Kazakhstan Potash Corporation Limited (ASX:KPC) completed the acquisition of 74% stake in Satimola Ltd. for $3.9 million on November 14, 2018. As of November 14, 2018, the minimum threshold of 51% has been achieved. 74% of Satimola's Shareholders, 98% of converting note holders (by value) and over 95% of creditors (by value) accepted the general offer.