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Premier's Sedimentary bid disintegrates

THE takeover offer for Sedimentary Holding by Canadian suitor Premier Gold Mines has fallen through, leaving AuSelect's scrip offer as currently the sole bid on the table for the Queensland gold miner.

Michael Quinn
Premier's Sedimentary bid disintegrates

The Premier bid reportedly failed after the Canadian company was unable to raise the cash for its 31c per share cash offer. However, Sedimentary told shareholders on Friday that it had also received...

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