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Territory favours Exxaro over Noble

WITH the $A123 million off-market cash takeover bid by South Africa's Exxaro Resources for Australia's Territory Resources currently in train, the Northern Territory iron ore producer has called off a planned debt to equity proposal with its largest shareholder Noble Group.

MiningNews.Net
Territory favours Exxaro over Noble

The company signed a non-binding term sheet with Noble Group early last month, which would have allowed the latter to gain up to a 45% interest in Territory in a debt to equity conversion. In...

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