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Cannon directors accept takeover bid

11th November 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The directors of takeover target Cannon Resources have accepted the recommended cash takeover offer from Kendalion Nickel.

Cannon’s directors collectively hold a 1.36% interest in the company.

Cannon shareholder Rox Resources this week also announced that it would accept the 45c-a-share offer for its 10% shareholding in the company.

The Kendalion offer is expected to close on December 21, unless withdrawn or extended.

Edited by Creamer Media Reporter

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