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Nordgold increases Cardinal offer

The long-running battle for Cardinal Resources has taken another turn after Russia’s Nordgold matched a A$1 per share bid by China’s Shandong Gold.

Nordgold increases Cardinal offer Nordgold increases Cardinal offer Nordgold increases Cardinal offer Nordgold increases Cardinal offer Nordgold increases Cardinal offer

Cardinal Resources' exploration base in Bolgatanga, Ghana

Cardinal previously recommended shareholders accept Shandong's off-market offer over Nordgold's 90c per share on-market bid.

Shandong this week declared its unconditional bid its best and final offer.

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