SMM11 March 25: according to a statement, Shandong Gold will raise its offer for Cardinal from A $1.00 per share to A $1.05 per share.
Cardinal Resources is a gold exploration and development company founded in 2010 and headquartered in Perth, Australia. It is currently listed on the Australian Stock Exchange and the Toronto Stock Exchange.
Shandong Gold intends to raise its offer for Cardinal to A $1 per share.
Earlier, Cardinal said it had received an all-cash offer of A $1.05 a share from Engineers and Planners.
