AUS Streaming Investments Limited entered into an agreement to acquire Murchison Holdings Ltd (ASX:MCH) in a reverse merger transaction on June 30, 2015. Under the terms of the transaction, Murchison Holdings Ltd (ASX:MCH) shall issue 260 million common shares as consideration. Current Directors of Murchison will resign except for Grant Anthony Robertson and Kim Chan Koh, who will remain as non-executive Directors of Murchison. Christopher Every shall be appointed as a director of Murchison. Murchison will raise AUD 5 million in capital raising within 30 days of the approval by the shareholders of Murchison and a further AUD 5 million in 2016. As of July 9, 2015, Murchison Holdings Ltd advises that the ASX Listing Committee believes that ASX Listing Rule 11.1.3 applies to the transaction envisaged there under and that the company will need to re-comply with Chapters 1 and 2 of the ASX Listing Rules. Murchison Holdings does not believe that compliance with Chapters 1 and 2 of the ASX Listing Rules will place any significantly material additional obligations than those envisaged under the placement confirmation letter and the placement acceptance form both dated June 30, 2015. Naturally, shareholders and potential investors are advised to exercise caution when dealing in the shares of Murchison Holdings. As on December 3, 2015, Murchison announces that it is has received the audited financial statements of AUS Streaming Investments Limited as at June 30, 2015. Murchison is currently working with its professional advisers for the purposes of producing the relevant documentation required to be presented to shareholders in order to complete the acquisition of AUS Streaming. As reported on February 4, 2016, merger implementation agreement has been executed for the purposes of progressing to completion of the proposed placement of securities in Murchison Holdings in consideration of the transfer of all the issued shares in AUS Streaming Investments Limited (placement) as contemplated in the placement agreement dated June 30, 2015. The transaction is conditional upon approval by shareholders of Murchison Holdings. Quest Securities (Australia) Limited acted as financial advisor to Murchison Holdings and will be paid a fee of 5 million Murchison Holdings shares. As of September 2, 2016, The Board has been advised that the share placement as currently structured would not be compliant under recently revised ASX requirements and therefore, the transaction will no longer proceed on the terms previously announced. The parties are now working together to finalize a transaction in a revised structure that is compliant with the revised ASX requirements. AUS Streaming Investments Limited cancelled the acquisition of Murchison Holdings Ltd (ASX:MCH) in a reverse merger transaction on March 2, 2017.