Regent Pacific Terminates BC Iron Offer After Opposition

Bloomberg reported that Regent Pacific (PINK:RPGLF) dropped an offer to buy additional shares in BC Iron (ASX:BCI).

The market news is quoted as saying:

Consolidated Minerals Ltd., which holds 21 percent of Perth-based BC Iron, “flatly opposed” Regent’s January- announced deal to buy BC Iron shares at A$3.30 apiece, Regent said in a statement to the Hong Kong stock exchange today.

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