BC Iron asks Regent Pacific to consult in ‘good faith’

Mining Weekly reports that BC Iron (ASX:BCI) has asked Regent Pacific (HKG:0575) to consult “in good faith” to determine whether the recently-signed arrangement could proceed.

The editorial is quoted as saying,

Regent Pacific recently found itself faced with a quandary after the Australian Takeovers Panel sided with BC Iron on an abandoned takeover offer.

BC Iron entered into a scheme implementation agreement with Regent Pacific in January, under which the Asian mining house offered to buy all BC Iron’s shares for A$3,30 a share.

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