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Chariot enters exclusive talks on takeover
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23rd February 2010
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TORONTO (miningweekly.com) - TSX-listed Chariot Resources is in exclusive negotiations with an unnamed third party, with regard to a potential acquisition of the firm, it announced on Monday.

The statement was made at the request of Market Surveillance, on behalf of the TSX.

Chariot's main asset is a 70% stake in the Mina Justa copper project, in Peru.

The company said last year it would begin a process to find a buyer for itself, and revealed in December it had signed confidentiality agreements with a number of interested parties.

Shares in Chariot rose 13,4% on Monday, to C$0,55 apiece by 16:54 in Toronto.

Edited by: Liezel Hill

 

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