Cardinal Resources Limited (ASX / TSX: CDV) (
Cardinal or
Dongshan) (
attached for reference) which states that Dongshan intends to make an off-market takeover offer of A$1.20 per share to acquire all of the issued capital of Cardinal, subject to a number of conditions set out below (
Dongshan Indicative Offer).
It is important to note that, other than the Dongshan Indicative Offer, there has been no formal proposal or offer from Dongshan to acquire Cardinal shares that is currently capable of acceptance, nor is it certain that a formal proposal will ultimately be made.
The Dongshan Indicative Offer is subject to, amongst other matters:
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