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Taurus Minerals Limited has received acceptances under its offer for Extract Resources Limited’s (ASX:EXT, TSX:EXT, NSX:EXT) major shareholder, Kalahari Minerals, of 89.5 per cent.
It must now proceed with its takeover offer of Extract Resources for $8.65 per share by the start of next month.
In a statement Extract says its independent directors are investigating whether there are any available alternatives to maximise value for shareholders.
Extract Resources reported a net loss of $55 million in the 2011 financial year.
News: Extract to receive offer by March
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $17.69M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $186.5K | 16.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1839866 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5957042 | 4 |
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| EXT (ASX) Chart |