Bannerman backs out of Hanlong talks

BANNERMAN Resources will resume talks with parties other than acquisition-hungry Chinese company Hanlong Mining after deciding Hanlong was unlikely to be in a position to enter into a binding agreement with the uranium hopeful within a reasonable timeframe.

Bannerman backs out of Hanlong talks Bannerman backs out of Hanlong talks Bannerman backs out of Hanlong talks Bannerman backs out of Hanlong talks Bannerman backs out of Hanlong talks

Hanlong made a $A143 million pitch for Bannerman in July and had undertaken technical and legal due diligence enquiries using external advisers since the proposal was announced.

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