PERTH (miningweekly.com) – Chinese suitor Zijin Mining Group has increased its takeover offer for ASX-listed gold producer Norton Gold Fields from 23c a share to 25c a share.
The increase in the offer price followed discussions with certain parties which committed to support the takeover offer at the increased price.
The board of Norton had already endorsed the takeover offer.
Zijin informed Norton that the revised offer price would be its best and final offer for the company.