Cardinal Resources
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Cardinal beckons third party bidder amid takeover stalemate
Cardinal Resources released a statement on Wednesday expressing its disappointment with the Australian Takeovers Panel’s decision not to intervene in the takeover battle between Shandong Gold and Nordgold, which has hit an impasse due to the conundrum surrounding statements made by…
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GOLD: Shandong Gold ups offer for Cardinal
GHANA – Australia-based Cardinal Resources announced on Wednesday it has received an improved takeover offer from China’s Shandong Gold. The new proposal from Shandong Gold follows a recent takeover bid launched by Russia’s Nordgold, whose chairman is currently Cardinal’s largest shareholder. The Russian…
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GOLD: Nordgold interested in Cardinal’s Ghana project
GHANA – Russian gold producer Nordgold announced that it has acquired a relevant interest in 98.4 million shares of Cardinal Resources, which gives the company voting power in approximately 19.9% of the total share capital outstanding. In a press release, Nordgold…