Xinhe triggers Bullseye offer increase

THE takeover battle for private Western Australian gold producer Bullseye Mining has entered a new stage, with shareholder Xinhe International to increase its cash offer while heading back to Australia’s Takeovers Panel with more complaints. 

Xinhe triggers Bullseye offer increase Xinhe triggers Bullseye offer increase Xinhe triggers Bullseye offer increase Xinhe triggers Bullseye offer increase Xinhe triggers Bullseye offer increase

Bullseye has some 276,000oz of gold at its flagship North Laverton gold project

The Hong Kong-based concern's local arm, Au Xingao, has confirmed it will follow through with a plan to increase its offer from A31c to 35c cash, although it remains conditional on a 40% minimum