Cardinal gets takeover offer

CARDINAL Resources has received a A$277 million takeover proposal from Russia’s Nordgold.

Cardinal gets takeover offer Cardinal gets takeover offer Cardinal gets takeover offer Cardinal gets takeover offer Cardinal gets takeover offer

Cardinal's exploration base in Bolgatanga, Ghana

Nordgold revealed it had a 19.9% stake in Cardinal, mainly via the acquisition of Gold Fields' 16.4% stake.

The company said it would pay about $37 million for Gold Fields' stake, or roughly 45.

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