Cardinal resources takeover. in relation to the affairs of Cardinal Resources Limited.
Cardinal resources takeover On 30 October 2020, Samson Rock Capital LLP and Cardinal each made an application to the Panel regarding the affairs of Cardinal (Cardinal 03 and Cardinal 04 – see TP20/69 and TP20/71 respectively). 00 per share. The new entrant has offered to acquire Cardinal for $1. Cardinal is the subject of competing takeover bids from Nord Gold S. 70 a share on 7 September. Read more: Nordgold increases takeover offer for Cardinal Resources Nordgold on 2 September increased its unconditional, on-market offer for Cardinal shares from A$0. 05 per share. 66 cash per share (“Nordgold Bid TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “Company”) refers to its announcement dated 22 July 2020 in rel TORONTO, Feb. The new proposal from Shandong Gold follows a recent takeover bid launched by Russia’s Nordgold, whose chairman is currently Cardinal’s largest shareholder. For further background, see the media release for Cardinal Resources Limited (TP20/63). On June 18 the company announced that it has entered into a bid implementation agreement with Shandong Gold Mining ( Hong Kong ) Co, under which Shandong Gold has agreed to acquire 100% of Cardinal, valuing the company at around US$230 million. 1 the Company has reviewed its Mineral Resources and Ore Reserves in its 100% owned Namdini Project located in northern Ghana, which can be Update in Respect of Competing Takeover Offers for Cardinal Resources. CDV CDV Ann: Increase On-Market Takeover Bid by Nord Gold-Take No Action. (Nordgold) to withdraw its application to the Panel dated 22 October 2020 in relation to the affairs of Cardinal Resources Limited (ASX/TSX: CDV) (Cardinal). (Nordgold) in relation to the affairs of Cardinal Resources Limited (ASX/TSX: CDV). The TORONTO, Sept. Shandong is one of the world's largest gold miners, and the company announced today 1 Nordgold Provides Update to Takeover Offers for Cardinal Resources London, United Kingdom, 26 November 2020 – Nord Gold S. The latest move comes after months of a bidding war January 10, 2025 | Gatos Silver posts solid 2024, preps takeover by First Majestic; January 10, 2025 | Altius Minerals wins arbitration decision on Nevada gold royalty rights; January 10, NORD) and China’s Shandong Gold Cardinal's board of directors has urged shareholders to accept a revised off-market takeover proposal. Director Trades. au 27. 07% of the company’s shares have accepted the takeover offer from Shandong Gold Mining Background Information on this Website is provided for general information purposes only and is not a substitute for professional advice. 5 per share that would give it control of the target company’s gold asset The Chinese state-owned Shandong Gold's acquisition of Cardinal Resources Ltd (ASX:CDV) is just about complete. Introduction This document is the second Supplementary Target’s Statement under section 644 of the Ghana-based Engineers & Planners Company has joined the takeover tussle between Nordgold and Shandong Gold for Cardinal Resources. This document is a Target's Statement issued by Cardinal Resources Limited in response to a takeover bid by Nord Gold S. Shandong Gold has made an offer to acquire Cardinal Resources, a deal valuing the company at US$214 million. September 08, 2020 During the same month, Cardinal Resources received an increased offer price from Nordgold in respect of its takeover bid, from A$0. London-based diversified gold miner Nordgold announce on 15 July 2020 an unconditional on-market takeover offer of A$0. The application concerned, among other At Cardinal Health, we promise to treat your data with respect and will not share your information with any third party. via the previously A bid by Shandong to acquire TMAC Resources Inc. Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) refers to the first supplementary bidder’s statement from Nord Gold SE (Nordgold) announced on the ASX Market Announcements Platform this morning in respect of its unconditional on‐market takeover bid of Cardinal Resources Limited . 100% cash takeover offer from Shandong Gold at a price of A$0. On 22 July 2020, Cardinal announced that it had received a revised and improved proposal for an off-market takeover from Shandong to acquire all of the ordinary shares of Cardinal at A$0. au E: whazeldine@canningspurple. 05 per share to match that of rival bidder Shandong Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) is providing an update to shareholders in reference to the ongoing takeover offers for the Company by Out there in public M&A land, competition for Cardinal Resources, a Western Australia-based gold explorer with African assets, has been continuing for months, much to the delight of recent developments in relation to the takeover offers for Cardinal Resources Limited (“Cardinal”): • Engineers & Planners Company Limited’s (“E&P”) bidder’s statement for a highly conditional Rear Window; Russians, Chinese, Ghanaians in 2020′s craziest takeover fight. The Panel makes no comment on the merits of the application. 26, 2020 -- Cardinal Resources Limited refers to the following announcements made yesterday: Bidder’s Statement from Engineers & Planners Company Limited and the E&P Takeover The directors of West African gold‐focused exploration and development company Cardinal Resources Limited (ASX/TSX: CDV) have agreed to accept the takeover offer of China’s Shandong Gold Mining (Hong Kong) Co. After careful consideration of the Revised Shandong Gold Offer and Nord Gold S. 21. 05 per share should there be a higher competing offer. Cardinal Resources’ stock also closed 2. txt) or read online for free. 00 per share offer price was best and final in the absence of a higher competing offer. , Ltd Cardinal is the subject of competing takeover bids from Nordgold and Shandong Gold Mining (HongKong) Co. Shocking scenes as man pulled from ocean in Bremer Bay. The Company is engaged in exploration of minerals in Ghana. Cardinal is the subject of competing takeover bids from Nordgold and Shandong In relation to Nord Gold S. Cardinal Resources Limited wishes to provide its shareholders an update in relation to the competing takeover offers set out below and in relation to the various applications before the Australian Cardinal Resources has received an all-cash takeover bid from Chinese producer Shandong Gold, which has offered to buy the West Perth-based company for 60 cents per share. (“Nordgold”) on-market takeover offer for Cardinal at A$0. September 08, 2020 Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) refers to the revised unconditional on-market takeover offer for Cardinal at A$0. The Panel has declined to conduct proceedings in relation to applications dated 30 October 2020 by Samson Rock Capital LLP and Cardinal Resources Limited (ASX/TSX: CDV) in relation to the affairs of Cardinal (see TP20/69 and TP20/71 respectively). 66 to $0. 05 cash per share (Revised Nordgold Takeover Bid). Based on Cardinal's global gold resource of 7 million ounces, this values the The UK-headquartered miner's offer price of A$0. Introduction. 14 grams per ton. 94% higher on the ASX Tuesday, with a market West African gold explorer Cardinal Resources is the target of a takeover battle between Nordgold and Shandong Gold Mining. 7 Moz Probable) and a soon to be completed 1 - [2020] ATP 13. 6 Refer to Panel Media Release TP20/64 (Cardinal Resources Limited 02 – Panel Receives Application) on 26 October 2020. 9 percent of The Panel has received an application from Nord Gold S. and made an offer under an unconditional on-market takeover bid to acquire all of the ordinary shares in the capital of Cardinal. On 18 November 2020, Nordgold made an announcement extending the closing date for its on-market bid for Cardinal to 7 December 2020 (Nordgold Announcement). au Competent / Qualified Person Statement Ghana-based Engineers & Planners Co. 5% stake in the Australian gold explorer. NS Energy is using cookies. A nine-month battle for control of the dual-listed, West African-focused gold explorer Cardinal (ASX:CDV) has finally come to a close this week, when Chinese state-owned company Shandong Gold picked up enough Cardinal Resources' major shareholder, Russia’s Nordgold, has improved its takeover bid, valuing the target at $243 million. 00%) Save. The application concerned whether Cardinal’s conduct in relation to the solicitation of shareholder intention statements (to the effect that its shareholders intend to accept The Panel, Jeremy Leibler, Karen Phin (sitting President) and Sarah Rennie, declined to conduct proceedings on applications by Samson Rock Capital LLP and Cardinal Resources Limited in relation to the affairs of Cardinal. Shandong has also made an offer under an off-market takeover bid to acquire all of the Cardinal shares. 38% of its capital have sent 28 letters comprising shareholder intention statements stating their intention to accept the unconditional off-market takeover offer by Shandong Gold Mining (HongKong) Co. Rodd Levy Nov 11, 2020 – 1. As announced earlier today, Cardinal has received Cardinal is the subject of competing takeover bids from Nord Gold S. 05 per company share. Introduction This document is the first Supplementary Target’s Statement under section 644 of the Update in Respect of Competing Takeover Offers for Cardinal Resources. Status of The Australian Government Takeovers Panel has turned down requests to change Nordgold and Shandong Gold's offer conditions for the Cardinal Resources takeover bid. The directors unanimously recommend Resources by Shandong Gold Cardinal Resources Limited (ASX / TSX: DV) (Cardinal _ or ^the Company _) refers to its announcements of 2 and 3 September 2020 in relation to the revised Nord Gold S. September 08, 2020 Cardinal Resources has given Shandong Gold the deadline of 7 September to match the increased takeover offer tabled by Nordgold. 00 a share, up from its previous offer of $0. 24, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX / TSX: CDV) (Cardinal or the Company) notes the announcement made today by Shandong Gold Mining (HongKong) Co. While the Namdini project has great potential, the FD market cap is too high considering the early stage of the Cardinal Resources Limited (ASX / TSX: DV) (Cardinal _ or ^the Company _) refers to its announcements of 2 and 3 September 2020 in relation to the revised Nord Gold S. The Cardinal directors, who collectively hold approximately 6. and Nord Gold S. News Cardinal Resources recommends takeover bid from Shandong Gold Mining on 12/8/20. CDV projects include: Bolgatanga, Namdini and Subranum projects. 66 cash per Cardinal share. E (“Nordgold”) not increasing the offer price of its takeover offer above A$1. (Nordgold) (Fifth Supplementary Bidder’s Statement) to the bidder’s statement dated 15 July 2020 which was issued by Nordgold in relation to its on-market takeover bid to acquire all of the ordinary shares in Cardinal 5 Refer to Panel Media Releases TP20/63 (Cardinal Resources Limited – Panel Receives Application) and TP20/65 (Cardinal Resources Limited 01 – Panel Application Withdrawn). , Limited (Shandong). E. 26, 2020 -- Cardinal Resources Limited refers to the following announcements made yesterday: Bidder’s Statement from Engineers & Planners Company Limited and the E&P Takeover 585aaa1e3c82801f27e9132. In relation to Nordgold’s on-market takeover bid Cardinal Resources’ personnel are experienced in designing assessment programs to focus on the clients’ plans for the property and the regulatory program under which the work is performed. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. 2 - See also Cardinal Resources Limited 01 (withdrawn), Cardinal Resources Limited 02 [2020] ATP 21, Cardinal Resources Limited 05 [2020] ATP 24 and Cardinal Resources Limited 06R. The Russian miner came into the fold last week with Nord Gold SE (Nordgold) increases its offer price under its unconditional on-market takeover offer for Cardinal Resources Limited (ABN 56 147 325 620) (Cardinal) from $1. 00 per share offer price was best and final in the absence of a higher competing The Acting President of the Panel has consented to a request by Nord Gold S. 26 news release. Your single user Cardinal Resources Limited 02 – Panel Declines to Conduct Proceedings The Panel has declined to conduct proceedings on an application dated 26 October 2020 from Nord Gold S. , Limited (Shandong) in relation to the affairs of Cardinal Resources Limited (ASX/TSX: CDV) (see TP20/72). Cardinal Resources Directors Accept Shandong Gold Takeover Offer. Nov 28, 2020. 8% of Cardinal’s shares. The Panel has declined to conduct proceedings on an application dated 20 November 2020 from Cardinal Resources Limited in relation to its affairs (ASX/TSX: CDV) (see TP20/80). In relation to Nordgold’s on-market takeover bid Cardinal Resources’ 7-month takeover saga takes another turn October 29, 2020 October 29, 2020 | Mike Cooper. 5%. The Chinese gold producer also wants to extend its offer period to Dec. 37% Russian gold company Nordgold has upped the ante in its takeover battle for ASX gold explorer Cardinal Resources (ASX:CDV) with a possible higher offer of $1. updated. London-based diversified gold miner Nordgold China's Shandong Gold Mining Co. The Nordgold offer had an initial offer price of AU$0. The following Shandong Gold nominees the price of its on-market takeover offer for Cardinal Resources Ltd (“Cardinal”) to 90 cents per share. A third bidder entered the race for Cardinal Resources this week allowing the other two bidders to increase their stalled offers ABN 56 147 325 620 www. On 19 October 2020, Shandong lodged its Summary. pdf), Text File (. 1 TORONTO, July 27, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “Company”) refers to its announcement dated 22 July 2020 in relation to the revised and Communications concerning shareholder address changes, stock transfers, changes of ownership, lost stock certificates, payment of dividends, dividend check replacements, duplicate mailings or other account services should be directed to the Company's Registrar and Stock Transfer Agent at the address or telephone number above. Shandong’s Bidder’s Statement was lodged with ASIC on 11 August 2020. 's on-market takeover bid for all of the ordinary shares in Cardinal Resources Limited ABN 56 147 325 620 , Taylor Collison Limited , as broker to the Offer and as | May 4, 2023 Update in Respect of Competing Takeover Offers for Cardinal Resources. , LIMITED FOR ALL OF YOUR SHARES IN CARDINAL RESOURCES LIMITED 1. 70 per share (Shandong Offer). Cardinal Resources Ltd directors who collectively hold about 6. We are experts in working with analytical laboratories and using creative approaches to present the results of the assessment succinctly, with graphics The Cardinal Resources Ltd (ASX: CDV) share price is flying higher today in response to a takeover bid. breaking. TORONTO, Dec. to A$1. Update in Respect of Competing Takeover Offers for Cardinal Resources. , Limited. 70 cash per share, which values Cardinal at The Panel has declined to conduct proceedings on an application dated 26 October 2020 from Nord Gold S. au Perth Office Suite 1, 28 Ord Street West Perth WA 6005 Accra Office Durugu Residential Area, Kumbosco, Bolgatanga PRESS RELEASE ASX/TSX: CDV 24 December 2020 2020 - 43 DONGSHAN INTENTION TO MAKE OFF - MARKET BID – TAKE NO ACTION Cardinal Resources Limited (ASX / TSX: The Panel has declined to conduct proceedings on an application dated 30 October 2020 from Shandong Gold Mining (HongKong) Co. 18, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX / TSX: Stock Exchange Status: This entity was delisted from the Australian Securities Exchange on 08 February 2021. The review Panel has declined to conduct proceedings on an application dated 18 November 2020 from Cardinal Resources Limited in relation to its affairs. 3 - Cardinal quoted the following observation from the Panel regarding “Truth in Takeovers” in Taipan Resources NL 06 [2000] ATP 15 at [28]: “This principle is not an absolute rule that the bidder must act out its As of October 23, 2020, shareholders of Cardinal Resources Limited owning 19. Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) refers to its announcement of 3 September 2020 regarding the competing takeover offers for the Company from Shandong Gold Mining (HongKong) Co. 66 per share and accept the revised Shandong offer of A$0. 05 cash Takeovers Panel leaves fight for Cardinal Resources in limbo. Ltd. Ibrahim Mahama enters the fray for Cardinal Resources takeover in Ghana The company belonging to the brother of former Ghanaian President John Mahama (2012-2017) has submitted Read. Cardinal is the subject of competing takeover bids from Nordgold and Shandong Gold Mining (HongKong) Co. Cardinal notes that following the announcement of the E&P Takeover Bid, Shandong Gold has increased the offer price under its unconditional off-market takeover offer for Cardinal from A$1. 07 ($5,570,454) Off-market takeover: 08/01/21: Kevin Tomlinson: Sell Cardinal notes that Nordgold has increased the Offer Price in respect of its on‐market takeover bid from A$1. Earlier this month, the company’s Cardinal Resources recommends takeover bid from Shandong Gold Mining on 12/8/20. said Dec. , Ltd TORONTO, Oct. [TMR-TSX] and its Hope Bay gold project in Nunavut was blocked by the Canadian government this week on national security grounds. and Shandong Gold Mining (HongKong) Co. Cardinal Resources is listed on the Australian Securities Exchange and the Toronto Stock Exchange. B8jVToiFgniEB09rIfxt0FtiUA__Fh8906MNWj2FIcYkhohemo_ib48FUg Cardinal Resources is listed on the Australian Securities Exchange and the Toronto Stock Exchange. . Cardinal Resources advises its shareholders to accept the increased takeover offer tabled by Shandong Gold in the absence of a superior proposal. Cardinal Resources Limited announced its Mineral Resource and Ore Reserve statement as at June 30, 2019. 3 - Cardinal Resources Limited 05 [2020] ATP 24. Both Nordgold and Shandong Gold have been locked in a takeover battle for the company, which is currently focused on developing the Namdini gold project that comprises an ore reserve As announced earlier today, Cardinal has received a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining (HongKong) Co. 26, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited Nord Gold S. 90 to $1. A large-scale mining license covering the Namdini project was granted to Cardinal by Ghana’s The bid is a new twist in the ongoing fight for the takeover of the Australian Cardinal Resources. Deal significance: Endorsed by Cardinal’s board, implementation of the offer will see Shandong Gold acquire control of Cardinal’s development-ready Namdini Project in Ghana, West Africa. 2 - under a direction made pursuant to Regulation 16 of the Australian Securities and Investments Commission Regulations 2001 (Cth). Feature Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “Company”) announces that it has entered into a Bid Implementation Agreement (“Bid Implementation Agreement”) with Shandong Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold exploration and development Company that holds interests in tenements within Ghana, West Africa. 1. Cardinal Resources Limited (Australia) Cardinal Resources Limited (Canada) P: +61 8 6558 0573 P: +1 647 256 1922 Cannings Purple (Investor Relations, Australia) Peta Baldwin or Warrick Hazeldine E: pbaldwin@canningspurple. The application sought a review of the initial Panel’s decision to decline to conduct proceedings in relation to Cardinal Resources Limited 03 & 04 (see TP20/76). As part of the deal, Shandong Gold has also Read the latest Takeover Announcement news from Cardinal Resources (ASX:CDV) . 4 - Compare Gulf Alumina Limited [2016] ATP 4 at [53] Cardinal refers to its announcement of 24 November 2020 in respect of the bidder’s statement for a conditional off-market takeover offer for Cardinal at A$1. Cardinal is the subject of competing takeover bids from Nord Gold S. SS Nord Gold SE (Nordgold) increases its offer price under its unconditional on-market takeover offer for Cardinal Resources Limited (ABN 56 147 325 620) (Cardinal) from $1. The Panel confirmed again that ASIC’s “truth in takeovers” policy contained in RG 25 is a “fundamental tenet” of Australia’s takeover regime. 31, according to an Oct. Further background details are set out in the Panel’s media release relating to the receipt of Samson Rock Capital LLP’s application in Cardinal Resources Limited 03 (). that Shandong has received acceptance in connection with its unconditional off-market takeover offer for Cardinal in excess of 50% of all Cardinal shares. by October 30, 2020 if Shandong Gold has not otherwise Engineers & Planners Company is topping previous bids for Cardinal with a conditional, off-market takeover offer of A$1. (Nordgold) and Shandong Gold Mining (HongKong) Co. , Ltd CARDINAL RESOURCES LIMITED ACN 147 325 620 IN RESPONSE TO THE ON-MARKET TAKEOVER BID BY NORD GOLD S. The Nordgold Announcement Cardinal Resources Limited is providing an update to shareholders in reference to the ongoing takeover offers for the Company by Shandong Gold Mining Co. 01, 2021 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (Cardinal) wishes to advise that the board of directors of Cardinal has today been restructured, following the successful conclusion of the takeover bid by Shandong Gold Mining (HongKong) Co. GHANA - Australia-based Cardinal Resources announced on Wednesday it has received an improved takeover offer from China’s Shandong Gold. 00 to A Cardinal Resources Limited (Australia) Cardinal Resources Limited (Canada) P: +61 8 6558 0573 P: +1 647 256 1922 Update in Respect of Competing Takeover Offers for Cardinal Resources. ('Nordgold') and Cardinal's announcement of 2 September 2020 in respect of the same. Cardinal Resources Limited (CDV) is a mineral exploration company focused on gold exploration and development of assets in Ghana, West Africa. The transaction also sees Shandong Gold provide an interim funding package by subscribing for approximately $ 12 millio n of Cardinal equity. September 15, 2020 . Legal Status: ACN: 147 325 620ABN: 56 147 325 620 Registration Date: 11 November 2010 To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. 08, 2020 (GLOBE NEWSWIRE) — Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) refers to its announcements of 2 and 3 September 2020 in relation to the revised Nord Gold S. Disaster and Emergency. Witness details desperate search for boy missing in lake. Authorised for release by the Board of Cardinal Resources Limited. TORONTO, Sept. If you are using Cardinal in an administrative capacity, check out the links for information on support resources and training materials! Core User: HR, benefits, time/absence, payroll, and financial professionals who are responsible for administration of Read more: Cardinal Resources takeover bid heats up. 15, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX/TSX: CDV) Recommended Revised and Improved All-Cash Takeover Offer of Cardinal Resources by Shandong Gold. On June 18 the company announced that it has entered into a bid implementation agreement with Shandong Gold Mining (Hong Kong) Co, under which Shandong Gold has agreed to acquire 100% of Cardinal, valuing the company at around US$230 million. Introduction This document is the second Supplementary Target’s Statement under section 644 of the 27. . ABN 56 147 325 620 www. 20am, Nordgold made an announcement that its $1. 00; TORONTO, Nov. Director Trades: These directors are still buying their gold stocks despite the spot price fall September 28, 2020 June 17, 2022 | Nick Sundich. com. AX> it does not already own, valuing the Australian-listed company's equity at A$347 TORONTO, Dec. Perth, Nov 28, 2019 AEST (ABN Newswire) - Cardinal Resources Limited () is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report in respect of the Feasibility Study for the Namdini Gold Project ("Namdini") in Ghana, West Africa, announced on 28 October 2019. 00 per Share; or; Cardinal Resources Limited Cardinal Resources Limited P: +61 8 6558 0573 P: +1 647 256 1922 Cannings Purple (Investor Relations, Australia) Peta Baldwin or Warrick Hazeldine E: pbaldwin@canningspurple. Feature The gold sector catches fire around the world, as US$2,000 breached, share Cardinal Resources Takeover Offers Update Last Trade: 0 0. 90 a share – an offer which would remain open TORONTO, Jan. 66 cash per share to acquire all of the issued and outstanding ordinary shares of Cardinal Resources that it does 1 - Cardinal Resources Limited 03 & 04 [2020] ATP 23. 66 per Cardinal share. au Competent / Qualified Person Statement 1/6 Reasons for Decision Cardinal Resources Limited 07 [2020] ATP 27 Catchwords: Decline to conduct proceedings – takeover bid – rival bids – truth in takeovers – last and final statements – efficient, competitive and informed market – media canvassing – confidentiality – misleading statements Corporations Act 2001 (Cth), section 606 I think the resource will grow a lot and Cardinal will ultimately be bought out by a major Intel's Takeover Tantrum Is About To Get Volatile - Brace For Impact. 9% premium to its last close, as well as a 10% premium to a bid by China's Shandong Gold Mining Co <600547. A wild $600 million takeover battle for WA gold miner Cardinal Resources has kept the Takeovers Panel busy as West African gold‐focused exploration and development company Cardinal Resources has accepted a revised takeover offer from Chinese gold miner Shandong Gold. Shandong Gold’s bid will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of Highlights. The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5. 90 cash per share ( ^Nordgold Takeover Bid _). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section. 00 (0. Top Stories. TORONTO, July 27, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “Company”) refers to its announcement dated 22 July 2020 in relation to the revised and After nearly 10 months, the drawn-out takeover battle for Cardinal Resources (ASX:CDV) looks to finally be coming to a close with all directors in the company accepting Shandong Gold’s offer. The directors of Cardinal Resource who own a total of 6. Nord Gold SE on Wednesday offered to buy all shares in Ghana-focused gold miner Cardinal Resources Ltd <CDV. 's acquisition of more than a 61. “Shandong Gold has accordingly acquired CARDINAL RESOURCES LIMITED ACN 147 325 620 IN RESPONSE TO THE OFF-MARKET TAKEOVER BID BY SHANDONG GOLD MINING (HONGKONG) CO. 07% of the company’s ordinary shares have each instructed their broker / Cardinal Resources Limited 03 & 04 takeover bid for Cardinal from $0. (Nordgold) in relation to the affairs of Cardinal Resources Limited (Cardinal). Update in Respect of Competing Takeover Offers for Cardinal Cardinal Resources Limited (ASX / TSX: CDV) (“ Status of Takeover Bids Cardinal notes the recent extension by Nordgold on 15 October 2020 of its unconditional on‐market A$0. This follows the 27 July announcement in which Cardinal Resources’ board of directors advised shareholders to reject the unconditional on-market all-cash offer of Nordgold at A$0. 05 cash per share. Details of the application, as submitted by the applicant, are below. Shandong Gold makes $300m move on Cardinal TORONTO, Nov. The Panel has received an application from Cardinal Resources Limited (Cardinal) in relation to its affairs. intends to further raise its takeover offer for Australia's Cardinal Resources Ltd. 60 per Cardinal share (“Shandong Gold Offer”) Attractive cash premium to Cardinal’s recent trading: China’s Shandong Gold has matched a new bid to buy out takeover target Cardinal Resources, having offered to pay $1. Cardinal Resources Limited (ASX/TSX: CDV) is a West African gold‐focused exploration and In brief The Takeover Panel has declined to conduct proceedings in Cardinal Resources Limited 03 & 04 to allow bidders to increase their bids as they had declared their bids “best and final”. X. 00 to $1. It recommends that shareholders reject the Nordgold offer of A$0. 30 that it will no longer proceed with its proposed conditional takeover offer to Cardinal Resources Ltd. ( ^ Nordgold _) on-market takeover offer CARDINAL RESOURCES LIMITED ACN 147 325 620 IN RESPONSE TO THE ON-MARKET TAKEOVER BID BY NORD GOLD S. A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. To read our articles you will need to either login or subscribe. 1 Cardinal Resources Limited is a gold exploration and development company. On 26 October 2020, Nordgold made an announcement that its $1. Top 10 Stocks For 2025. , Limited (Shandong Gold) at 95% of Cardinal’s share capital. 90 in cash per share. , Cardinal Resources - Takeover Update - 28 November 2020. A materials company listed on the Australian Stock Exchange TORONTO, July 22, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) advises that it has received a revised and improved proposal for an off . Cardinal also notes that the offer price of the unconditional off‐market takeover bid made by Shandong Gold Shandong Gold Mining Co. of A$1. 60 cash per share, by Update in Respect of Competing Takeover Offers for Cardinal Resources. , Ltd. Shandong Gold increased its takeover offer for West African gold explorer Cardinal Resources to A$1. (“Nordgold” or the “Company”) notes recent developments in relation to the takeover offers for Cardinal Resources Limited (“Cardinal”): • Engineers & Planners Company Limited’s (“E&P”) bidder’s statement for a highly conditional off- TORONTO, July 22, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) advises that it has received a revised and improved proposal for an off The truth in takeovers principle is being tested once again in the Cardinal Resources matter currently before the Takeovers Panel. Allan The latest stock prices for Cardinal Resources (ASX:CDV), market announcements, articles, fundamentals, trends, sentiment, charts, CDV CDV Article: Russians, Chinese, Ghanaians in 2020′s craziest takeover fight. in relation to the affairs of Cardinal Resources Limited. said March 15 that it has completed its takeover of Ghana-focused gold mine developer Cardinal Resources Ltd. Cardinal is the subject of competing takeover bids from Nordgold and Shandong Gold Mining (HongKong) Co. 05 per share following Shandong Gold Mining Co. 05 cash per Share (E&P Takeover Bid The Panel, Jeremy Leibler, Karen Phin (sitting President) and Sarah Rennie, declined to conduct proceedings on an application by Nord Gold S. Cardinal Resources. 90 cash per share ('Takeover Bid') from Nord Gold S. 00 to A$1. 66 per Cardinal share represents an 11. The Company, through its subsidiary, Cardinal Resources Ghana Limited, holds approximately five tenements prospective for gold mineralization in Ghana in two northeast-southwest trending Paleo-Proterozoic granite Cardinal Resources is a gold developer focused in Ghana, with its flagship Namdini Project boasting a resource estimate of 7 million ounces of gold at grades of 1. On 26 October 2020 at approximately 9. (“Shandong Gold”), pursuant to Cardinal Resources Shangdong Gold offer - Free download as PDF File (. ’s (“Nordgold”) unconditional on-market takeover offer for Cardinal at A$0. September 08, 2020 He is considered a Core user because he performs his day-to-day job functions in Cardinal. Cardinal Resources is a gold-focused exploration and development company that holds Cardinal Resources - Takeover Update - 28 November 2020 Nov 28, 2020 A third bidder entered the race for Cardinal Resources this week allowing the other two bidders to increase their stalled offers. Cardinal Resources takeover bid from Shandong Gold gets government approval on 20/8/20. 05, 2021 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX / TSX: CDV) (Cardinal or the Company) notes: the announcement made today by Shandong Gold Mining (HongKong) Co. September 03, 2020 Ghanaian owned business, Engineers & Planners has expressed interest to acquire shares in Cardinal Resources Limited. 90 per share offer TORONTO, Nov. London, United Kingdom, 16 March 2020 – Nord Gold SE (“Nordgold” or the “Company”), is pleased to announce that it has acquired a relevant interest in 98,443,593 shares in Cardinal Resources Limited (“Cardinal”), giving it voting power of approximately 19. AX” template=”basic” color=”default” refresh_frequency=”0″] TSX: [stock_market_widget type On 18 June, Cardinal Resources and Shandong Gold entered into a bid implementation agreement in which Shandong could acquire 100% of the issued and outstanding ordinary shares in Cardinal at a price of $0. ( ^Nordgold _) on-market takeover offer for Cardinal at A$0. (COMPANY NUMBER SE000102) FOR ALL OF YOUR SHARES IN CARDINAL RESOURCES LIMITED 1. , Limited . On 24 November, the ASX and TSX listed company reported an unsolicited, off-market offer from Ghana’s Engineers & Planners Company Limited (EP) to buy Cardinal at AUS$1. Off-market takeover: 12/01/21: Malik Easah: Sell +5,181,818: $1. [CDV-TSX, ASX; OTC-CRDNF] said Thursday December 24 that it notes the announcement made by Shandong Gold Mining (HongKong) Co. cardinalresources. This document is the fourth supplementary bidder’s statement issued by Nord Gold S. 17pm Non-Binding Preliminary Proposal to acquire Cardinal Resources. Log In Explore subscription options. 00 0. 90 cash per share (“Nordgold Takeover Bid”). For further information contact: Sarah Shipway Company Secretary Cardinal Resources Limited P: +61 8 6558 0573 E: sarah@cardinalresources. The ASX: [stock_market_widget type=”inline” symbol=”CDV. 03/09/2020 at 18h55, by Valentin Grille Cardinal Resources’ team of advisers in the Nordgold-Shandong battle I recently sold my position in Cardinal Resources (CRDNF)(CDV on the ASX). Mines. Mineral Resource and Ore Reserves Statement Namdini Gold Project: In accordance with ASX LR 5. 66 to A$0. The bidding war for Africa-focused miner Cardinal Resources Limited(ASX:CDV) has taken another turn with the company receiving a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining (HongKong) Co. We use them to give you the best experience. The expanded license is granted for an initial period of 15 years beginning in 2020 and is renewable. Nordgold is also pleased to announce that, as at the date of this announcement, it has increased its interest in Cardinal to 149,344,714 Cardinal shares, which represents an increase in its voting power to approximately 28. au Perth Office Suite 1, 28 Ord Street West Perth WA 6005 Accra Office Durugu Residential Area, Kumbosco, Bolgatanga PRESS RELEASE ASX/TSX: CDV 18 June 2020 2020-13 Recommended The Panel has received an application from Cardinal Resources Limited seeking a review of the Panel’s decision in Cardinal Resources Limited 03 & 04 (see TP20/76). September 08, 2020 Cardinal Resources Ltd. West African gold explorer Cardinal Resources is the target of a takeover battle between Nordgold and Shandong Gold Mining. Cardinal said Shandong China-based gold producer Shandong Gold Mining has agreed to acquire Cardinal Resources, a Ghana-focused miner, for around A$321m ($221m) in cash. The NI 43-101 Technical Report can be viewed under the Fifth supplementary bidder's Statement 1. News Cardinal Resources (ASX:CDV) 0. (Nordgold) and Shandong. 1Moz (0. 4 Moz Proved and 4. Cardinal Resources Limited 03 the price under its unconditional on-market takeover bid for Cardinal from $0. Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) advises that it has received a revised and improved proposal for an off-market takeover offer from Shandong Gold. VrLlCf_XsS7NX2IEVJ01lgQuN1WlQ2Vct_k_LQXMErE. shxtjv xpq wxbflg ihulae imr apvbc nxqtu frlkulc ozeiw zebkpr