Cardinal Resources Limited. CRDNF

RE:RE:Nordgold matches Shandong at $Aus 1.00.

[phoenix_trader]

Cardinal's Directors say Shandong can increase the bid.

TAKE NO ACTION   INCREASED ONMARKET TAKEOVER BID BY NORD GOLD SE   Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) refers to the third supplementary bidder’s statement from Nord Gold SE (Nordgold) announced on the ASX Market Announcements Platform this morning in respect of its unconditional onmarket takeover bid for Cardinal (Nordgold Takeover Bid).    Cardinal notes that Nordgold has made a higher competing offer by increasing the Offer Price of the Nordgold Takeover Bid to A$1.00 cash per share (previously A$0.90 cash per share)   Cardinal is currently considering the implications of the increased Nordgold Takeover Bid in consultation with its advisors and having regard to the provisions of the Bid Implementation Agreement with Shandong Gold. Shareholders are advised to TAKE NO ACTION at this time.    Cardinal expects to provide a further update to shareholders as soon as possible.