JOHANNESBURG (miningweekly.com) – ASX-listed Range River Gold on Thursday extended the deadline of its off-market takeover offer for dual-listed Firestone Energy by two weeks.
The offer was now expected to close on April 12, instead of March 28.
JSE- and ASX-listed Firestone Energy had, over the past few months, repeatedly urged shareholders to hold off on taking action regarding the takeover offer from Range River as it developed a response.
In December, Range River offered Firestone shareholders one of its own shares for every two Firestone shares held in an unsolicited, conditional, off-market takeover.
The offer represented a 25% premium on the $0.008 a share as at closing on December 13, 2012.