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Tango's Herald bid extended on FIRB approval delay

THE takeover bid for Perth-based zinc play Herald Resources by Tango Mining has been extended to June 5 after it was revealed that Tango has not yet received Foreign Investment Review Board approval for its $A2.50 per share, $495 million offer.

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Tango's Herald bid extended on FIRB approval delay

In a letter to Herald shareholders released to the market yesterday, Tango announced its offer for Herald would now be extended until 5pm on Thursday, June 5. One of the conditions to Tango's offer...

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