CDV cardinal resources limited

July 15 (Reuters) - Nord Gold SE on Wednesday offered to buy...

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    July 15 (Reuters) - Nord Gold SE on Wednesday offered to buy all shares in Ghana-focused gold miner Cardinal Resources Ltd (CDV) it does not already own, valuing the Australian-listed company's equity at A$347 million ($243 million).

    The UK-headquartered miner's offer price of A$0.66 per Cardinal share represents an 11.9% premium to its last close, as well as a 10% premium to a bid by China's Shandong Gold Mining Co 600547.SS 1787.HK last month.

    Nordgold is currently Cardinal's largest shareholder with a voting power of 18.7%, and had attempted to buy the company for about A$0.46 per share in March. ($1 = 1.4306 Australian dollars)

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.