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Shandong returns with higher Cardinal offer

Shareholders urged to take no action

Kristie Batten
Cardinal's exploration base in Bolgatanga, Ghana

Cardinal's exploration base in Bolgatanga, Ghana

Cardinal entered into a bid implementation agreement with Shandong in June for a 60c per share cash off-market offer. However, last week 18.7% shareholder, Russia's Nordgold, offered 66c per share as...

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