Kalahari Offer Remains Open

Extract Resources Ltd (ASX:EXT,TSX:EXT) said its offer for Kalahari Minerals PLC remains open until February 2.

As quoted in the press release:

Taurus has been granted relief by the Australian Securities and Investments Commission to acquire an interest of more than 20% of Extract’s shares provided that, among other conditions, Taurus makes a downstream offer for Extract. Offer documentation must be dispatched to Extract shareholders within four weeks of Taurus having received acceptances of the Kalahari offer in respect of more than 50% of the voting rights in Kalahari.

Click here to read the Extract Resources Ltd (TSX:EXT) press release.