Firestone Energy Tells Shareholders To Reject Range River Bid

Mining Weekly reported that Firestone Energy is urging its shareholders to reject a hostile takeover offer from Range River Gold.

As quoted in the market report:

However, Firestone said on Monday that an independent expert, Deloitte Corporate Finance, had concluded that the takeover offer was unfair and unreasonable to shareholders and did not compensate Firestone shareholders for the strategic nature and inherent value of the coal miner’s assets.

To view the whole Mining Weekly report, click here.