Cardinal Resources Ltd. is providing an update to shareholders in reference to the ongoing takeover offers for the Company by Shandong Gold Mining Co., Ltd. and Nord Gold S.E. . Status of Takeover Bids Cardinal notes the recent extension by Nordgold on 15 October 2020 of its unconditional on-market A$0.90 per share offer to the close of trading on [...]
In respect of the recommended and unconditional all cash Offer by Shandong Gold Mining Co., Limited for all of the ordinary shares in Cardinal Resources Ltd. . Shandong Gold Mining Co., Ltd , the holding company of the Bidder, and the Bidder reiterate that the highly attractive Offer price is the highest offer price currently available to [...]
Cardinal Resources Ltd. advises that 6,570,167 unlisted milestone options issued on 10 December 2019 have been exercised under the terms and conditions of Cardinal’s Employee Stock Option Plan. Attached to this release is the Company’s Appendix 2A – Application for Quotation of Securities and the Appendix 3Y ‐ Change of Director’s Interest Notice [...]
Cardinal Resources Ltd. advises that in accordance with their publicly stated acceptance intention, the Cardinal Directors who collectively hold approximately 6.07% of Cardinal’s ordinary shares have each instructed their broker / controlling participant to initiate acceptance of the off-market takeover offer by Shandong Gold Mining Co., Ltd in [...]
Cardinal Resources Ltd. refers to its announcements of 2 and 3 September 2020 in relation to the revised Nord Gold S.E. on-market takeover offer for Cardinal at A$0.90 cash per share . As announced earlier today, Cardinal has received a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining Co., Ltd. , pursuant to [...]
Cardinal Resources Ltd. refers to its announcements of 2 and 3 September 2020 in relation to the revised Nord Gold S.E. on-market takeover offer for Cardinal at A$0.90 cash per share . As announced earlier, Cardinal has received a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining Co., Ltd. , pursuant to which [...]
Cardinal Resources Ltd. refers to its announcement of 3 September 2020 regarding the competing takeover offers for the Company from Shandong Gold Mining Co., Ltd. and Nord Gold S.E. . Further Improved Shandong Gold Offer As noted in Cardinal's prior announcements of 2 and 3 September 2020, the matching rights provisions of the Bid Implementation [...]
Cardinal Resources Ltd. refers to the revised unconditional on-market takeover offer for Cardinal at A$0.90 cash per share from Nord Gold S.E. and Cardinal’s announcement of 2 September 2020 in respect of the same. Upcoming Expiry of Nordgold Takeover Bid Cardinal notes that Nordgold’s announcement on 2 September 2020 provides that other than the [...]
Cardinal Resources Ltd. refers to the revised unconditional on-market takeover offer for Cardinal at A$0.90 cash per share from Nord Gold S.E. and Cardinal's announcement of 2 September 2020 in respect of the same. Upcoming Expiry of Nordgold Takeover Bid Cardinal notes that Nordgold's announcement on 2 September 2020 provides that other than the [...]
Cardinal Resources Ltd. refers to the first supplementary bidder’s statement from Nord Gold SE announced on the ASX Market Announcements Platform this morning in respect of its unconditional on-market takeover bid for Cardinal. Cardinal notes that Nordgold have increased the Offer Price in respect of their takeover bid from A$0.66 to A$0.90 cash [...]
Cardinal Resources Ltd. refers to the first supplementary bidder's statement from Nord Gold SE announced on the ASX Market Announcements Platform this morning in respect of its unconditional on-market takeover bid for Cardinal. Cardinal notes that Nordgold have increased the Offer Price in respect of their takeover bid from A$0.66 to A$0.90 cash [...]
The principal activity of Cardinal Resources Ltd. is gold exploration and mine development in Ghana. The Company holds tenements prospective for gold mineralisation in Ghana in two granite-greenstone belts: the Bolgatanga Project and the Namdini Gold Project , which are, respectively, located within the Greenstone Belts in northeast Ghana and the [...]
