Cardinal Resources Ltd. is pleased to advise that all the Directors of Cardinal have now accepted the Shandong Gold Mining Co., Ltd. offer. The Cardinal Board continues to recommend that Shareholders ACCEPT the Shandong Gold Offer. Attached are the Change in Directors Interest notices for Malik Easah and Trevor Shultz. Notices for Kevin Tomlinson and Michele Muscillo were released on 11 January 2021 and Archie Koimtsidis [...]
Cardinal Resources Ltd. notes: the announcement made today by Shandong Gold Mining Co., Ltd. that Shandong Gold has increased its aggregate acceptances in respect of its unconditional off-market takeover offer for Cardinal in excess of 68% of all Cardinal Shares; the ASX Release by Engineers & Planners Company Limited released on the ASX on 31 December 2020 in which E&P stated that it will not proceed with its proposed [...]
Cardinal Resources notes the announcement made today by Shandong Gold Mining that Shandong Gold has received aggregate acceptances in respect of its unconditional off-market takeover offer for Cardinal in excess of 50% of all Cardinal Shares. Shandong Gold has accordingly acquired a controlling shareholding in Cardinal. Shandong Gold has also now formally confirmed the variation of offer price of the Shandong Gold Offer [...]
Cardinal Resources Ltd. refers to the following announcements made yesterday: Bidder’s Statement from Engineers & Planners Company Limited and the E&P Takeover Bid Shandong Gold Mining Co., Ltd whereby it increased its offer price from A$1.00 to A$1.05 per Cardinal share; and the “Best and Final Statement” announcement from Nord Gold S.E. Shandong Gold Announcement Cardinal notes that following the announcement of the E& [...]
Cardinal Resources Ltd. refers to the announcement by Shandong Gold Mining Co., Ltd. earlier today providing additional information to the market regarding its earlier “best and final” statement. Cardinal notes that Shandong Gold has clarified its position that Shandong Gold will not increase its Offer price unless there is a higher competing offer exceeding A$1.00 per Cardinal share. Cardinal interprets this to mean that [...]
Cardinal Resources Ltd. is pleased to advise that Shandong Gold Mining has today given notice to Cardinal that the Foreign Investment Review Board approval condition of its off-market takeover offer to acquire all of the Shares in Cardinal it does not presently own at a cash price of A$0.70 per Share , has been fulfilled. Satisfaction of the FIRB approval condition means that the Shandong Gold Offer has become free of [...]
Cardinal Resources Ltd. is pleased to advise that Shandong Gold Mining Co., Limited has today given notice to Cardinal that the Foreign Investment Review Board approval condition of its off-market takeover offer to acquire all of the Shares in Cardinal it does not presently own at a cash price of A$0.70 per Share, has been fulfilled. Satisfaction of the FIRB approval condition means that the Shandong Gold Offer has become [...]
Cardinal Resources Ltd. refers to its announcement dated 27 July 2020 in relation to the revised and improved proposal for an off-market takeover offer from Shandong Gold Mining Co., Limited pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of A$0.70 per Share . Amended Bid Implementation Agreement Cardinal has today entered into a deed with each [...]
Cardinal Resources Ltd. refers to its announcement dated 22 July 2020 in relation to the revised and improved proposal for an off-market takeover offer from Shandong Gold Mining Co., Limited pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of A$0.70 per Share. Recommended Revised Shandong Gold Takeover Bid After careful consideration of the [...]
Cardinal Resources Ltd. advises that it has received a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining Co., Limited , pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of A$0.70 per share . The Improved Shandong Gold Offer is now being considered in detail by the board, together with the Special Committee [...]
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