Netoil Capital Ltd (OB:NOC) reached an agreement to acquire 50% stake in Bluegreen Mozambique Mineracao e Servicos Lda from Bluegreen Holding SA on February 8, 2022. Netoil Capital will issue 40 million shares as a consideration. The agreement and share issue is conditional on Bluegreen Mozambique Mineracao e Servicos Lda receiving final production permit.

Netoil Capital Ltd acquired 50% stake in Bluegreen Mozambique Mineracao e Servicos Lda from Bluegreen Holding SA on February 8, 2023, which is an estimated completion date.