M&A

Nordgold creeping up Cardinal register

RUSSIA'S Nordgold has increased its stake in Cardinal Resources to 28.5% after yesterday boosting the price of its on-market takeover offer.

 The site of the future Namdini pit

The site of the future Namdini pit

Nordgold boosted its offer from A66c per share to 90c per share, trumping a 70c per share from Shandong Gold. The cash offer is unconditional and scheduled to close on September 10. Nordgold said...

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