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Cardinal Resources takeover battle heats up

Cecilia Jamasmie | July 15, 2020 | 7:00 am Intelligence Markets Africa Australia Europe Gold 

Russian miner Nordgold (LON: NORD) is offering to buy all the shares in Ghana-focused Cardinal Resources (ASX: CDV) that it does not already own, valuing the Australian-listed company’s equity at A$347 million ($243 million). Nordgold, whose non-executive chairman is billionaire...

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