Namibia Approves Bid by Taurus for Kalahari

Mining Weekly reported Namibia has approved the acquisition of Extract Resources (ASX:EXT,TSX:EXT) by Taurus Minerals if Kalahari Minerals (LSE:KAHA) accepts the bid.

As quoted in the market news:

Extract states that Taurus, owned by State-owned China Guangdong Nuclear Corporation Uranium Resources Corporation (CGNPC-URC) and the China-Africa Development Fund 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 an offer for Extract once Kalahari has accepted the bid.

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