http://www.perthnow.com.au/business/wa-gold-company-targetted-by-chinese-miner/story-e6frg2qc-1226317300072
CHINESE mining company Zijin has made a $229 million take-over offer for West Australian gold miner Norton Gold Fields.
Zijin already holds a 17 per cent stake in Norton, and has offered 27 cents for each remaining Norton share.
Norton owns several open cut and underground operations at Paddington, near Kalgoorlie.
Its independent directors said the offer represented an attractive premium to the company's share price, which last traded at 18.5 cents.
Negotiations between the two companies are continuing.
The offer remains subject to due diligence procedures and approval from regulators and the Foreign Investment Review Board.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 20397419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 3990032 | 5 |
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