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Zeta swoops on Bligh to combat Saracen’s Bundarra buy

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
The directors of ASX-listed Bligh Resources have urged shareholders not to take any action on a takeover offer from fellow-listed Zeta Resources. Zeta on Wednesday launched a 3.5c all-cash takeover offer for Bligh, which could derail the A$8.5-million deal that gold miner Saracen Mineral Holdings struck in February to acquire the Bundarra gold project, in Western Australia.
 
 
 
 
 

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