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Ivanhoe Mines Agrees to Thirty Day Extension on SouthGobi Proportional Takeover
Jul. 03, 2012 09:22AM PST
Industrial MetalsSouthGobi Resources Ltd.(TSX:SGQ) announced that Ivanhoe Mines and Chalco have agreed to a thirty day extension. The thirty day extension applies to the proportional takeover bid for SouthGobi Resources.
As quoted in the press release:
Ivanhoe Mines and Chalco have agreed to extend by thirty days the time for Chalco to make a proportional takeover bid for up to 60%, but not less than 56% of the common shares of SouthGobi.
Click here to read the SouthGobi Resources Ltd. (TSX:SGQ) press release
Click here to see the SouthGobi Resources Ltd. (TSX:SGQ) profile
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