CDV cardinal resources limited
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News: CDV Shandong Gold Makes A$0.60/Share Offer For Cardinal Resources

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    19/06/20
    08:35
    Post #: 45315090

    June 19 (Reuters) - Cardinal Resources Ltd (CDV) :

    • RECOMMENDED ALL-CASH TAKEOVER OFFER OF CDV BY SHANDONG GOLD
    • 100% CASH TAKEOVER OFFER FROM SHANDONG GOLD AT A PRICE OF A$0.60 PER CARDINAL SHARE
    • BOARD UNANIMOUSLY RECOMMENDS SHANDONG GOLD OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
    • SHANDONG GOLD HAS AGREED TO PROVIDE CO WITH INTERIM FUNDING OF $11.96 MILLION
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