SouthGobi 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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| Commodities | |||
|---|---|---|---|
| Gold | 1753.37 | +1.26 | |
| Silver | 21.52 | -0.06 | |
| Copper | 3.65 | +0.04 | |
| Palladium | 1892.71 | +8.71 | |
| Platinum | 997.00 | -2.00 | |
| Oil | 77.44 | -3.51 | |
| Heating Oil | 3.26 | -0.11 | |
| Natural Gas | 7.18 | +0.40 | |