JOHANNESBURG (miningweeekly.com) – New Zealand’s Todd Corporation has extended the offer period under the takeover bid for ASX-listed Flinders Mines to June 27.
The directors of Flinders Mines have previously indicated that they had accepted an improved offer of 2.5c a share and have urged shareholders to do the same.
Todd is interested in Flinders’ West Pilbara Iron Ore Project, in Western Australia, and has previously tried to enter into an alliance on the development of the project.