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Nordgold creeping up Cardinal register

RUSSIA'S Nordgold has increased its stake in Cardinal Resources to 28.5% after yesterday boosting the price of its on-market takeover offer.

Kristie Batten
The site of the future Namdini pit

The site of the future Namdini pit

Nordgold boosted its offer from A66c per share to 90c per share, trumping a 70c per share from Shandong Gold. The cash offer is unconditional and scheduled to close on September 10. Nordgold said...

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