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Placer extends again

PLACER Dome has again extended its takeover bid for Australian producer AurionGold, with the bid now set to close on October 11.

Michael Quinn

Earlier today, Placer advised that it had reached 43.68% of the target company. AurionGold shareholders are being offered 17.5 Placer shares for every 100 AurionGold shares, plus 28 cents.

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