China Guangdong Nuclear Power Corp Wins 13% More Shares in Kalahari Minerals

Mining Weekly reported Apac Resources (HKG:1104) has accepted the bid from China Guangdong Nuclear Power Corp for its Kalahari Minerals (AIM:KAH) share.

As quoted in the market news:

The Chinese firm has set a February 2 deadline for its £632-million takeover of Kalahari Minerals, which owns a 43% stake in ASX- and TSX-listed Extract Resources.

The £2.4355-a-share cash offer represented a 16.1% premium to the average closing price of Kalahari’s shares for the six months up to March 4, when the Chinese firm first announced it wanted to buy the uranium hopeful.

Click here to read the full Mining Weekly report.