Gold, News & Features, Resource News
Zijin closes in on Norton Gold
By The Australian · June 1, 2012 · 1:26 am · Leave a Comment
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By Rhiannon Hoyle and Ray Brindal
CHINA’S largest gold producer, Zijin Mining Group, has moved a step closer to a $212 million takeover of Norton Gold Fields Ltd, unveiling the terms for its conditional off-market cash offer which has won the unanimous support of Norton’s board.
Following an unsolicited bid approach by Zijin in April, Norton yesterday signed a bid implementation deed for the takeover offer, it said in a statement today.
