- Write by:
-
Tuesday, October 27, 2020 - 12:31:14 PM
-
541 Visit
-
Print
Mining News Pro - Chinese suitor Shandong Gold Mining will only increase its offer price for Cardinal Resources to A$1.05 a share, up from its current A$1 a share offer, if a higher competing offer was launched for the junior gold developer.
Shandong this week announced that it would extend its offer period until the end of December this year.
The announcement has prompted fellow suitor Nordgold to drop its application to the Australian Takeovers Panel to intervene in the affairs of Cardinal, after raising its own offer last week from 90c a share to A$1 a share.
Nordgold has also told the shareholders of Cardinal Resources that it would not be improving on its A$1 a share offer unless a higher competing bid emerges, with Nordgold’s offer for Cardinal set to close on November 6.
The Cardinal board has continued to unanimously recommend that shareholders accept the Shandong offer.
Short Link:
https://www.miningnews.ir/En/News/606649
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
No comments have been posted yet ...