TGM has today varied its Offer by increasing its Offer Consideration from 2 New TGM Shares for every 1 Focus Share to 5 New TGM Shares for every 2 Focus Shares. This is equivalent to 2.5 New TGM Shares for every 1 Focus Share.
Nordgold ) has made an offer (
Offer ) under an unconditional on-market takeover bid on the Australian Securities Exchange ( ASX ) to acquire all of the ordinary shares in Cardinal Resources Limited ( Cardinal ) that it and its associates do not already own. Nordgold s Bidder s Statement in relation to the Offer was dated and lodged with the Australian Securities and Investments Commission ( ASIC ) on 15 July 2020 (and was supplemented by the First Supplementary Bidder s Statement dated 2 September 2020, the Second Supplementary Bidder s Statement dated 3 September 2020, the Third Supplementary Bidder s Statement dated 21 October 2020, the Fourth Supplementary Bidder s Statement dated 23 November 2020 and the Fifth Supplementary Bidder s Statement dated 11 December 2020). The Offer commenced on 30 July 2020 and had an initial expiry date of 31 August 2020. The Offer now expires on 23 December 2020.