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No FIRB approval needed for Polaris bid

LION-Asia Resources’ proposed all-cash offer for Polaris Metals received a boost today with the Malaysian-backed joint venture being advised that the $A123 million bid does not require Australia’s Foreign Investment Review Board backing.

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No FIRB approval needed for Polaris bid

The FIRB ruling removes a key condition to Lion’s 70c per share cash bid for Polaris. “Lion welcomes this ruling by the FIRB and the opportunity it provides for Polaris shareholders to focus on the...

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