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Golden Cross targeted for takeover

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
HQ Mining Resources Holding has informed Golden Cross Resources that it plans to make a takeover offer for the ASX-listed junior. A letter from HQ Mining indicated that the offer would be priced at 7c a share and would be conditional upon a 50.1% minimal acceptance level. The offer would also be subject to Foreign Investment Review Board approval.
 
 
 
 
 

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