OTCQX:CGTFF - Post by User
Post by
ukermannon Mar 17, 2020 8:00pm
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Post# 30819431
Nordgold Buying A Cousin
Nordgold Buying A Cousin Cardinal gets an offer from Nordgold
16th March 2020 BY: ESMARIE IANNUCCI CREAMER MEDIA SENIOR DEPUTY EDITOR: AUSTRALASIA PERTH (miningweekly.com) – Gold explorer Cardinal Resources has received an indicative non-binding takeover offer from shareholder Nord Gold (Nordgold), which valued the Australian company at A$227-million.
Nordgold has more than 98.4-million shares in Cardinal, giving the company a 19.9% interest in the ASX-listed junior. The shareholding included more than 81-million shares acquired from a subsidiary of Gold Fields at a price of 45c a share.